UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[X] Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
Donald G. Blakeman
106 Steeplechase Way
Southern Pines, NC 28387
2. Issuer Name and Ticker or Trading Symbol
American Community Properties Trust ("APO")
3. I.R.S. or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
May 1999
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
[ ] Director [ ] 10% owner [ ] Officer (give title below) [X] Other
(specify below) Donald G. Blakeman resigned as Trustee
effective January 4, 1999
7. Individual or Joint/Group Filing (Check applicable line)
[X] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Owner- 7. Nature
action action or Disposed of (D) Securities ship of
Date Code Beneficially Form: Indirect
Owned at End Direct Bene-
of Month (D) or ficial
(Month/ A/ Indirect Owner-
Day/Year) Code V Amount D Price (I) ship
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Common Stock 5/25/99 G 200 D $4.25 226,712 D
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Table II Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1. Title of Derivative 2. Conver- 3. Trans- 4. Transaction 5. Number of Derivative 6. Date Exercisable
Security sion or action Code Securities Acquired and Expiration
Exercise Date (A) or Disposed of (D) Date
Price of (Month/Day/Year)
Deriva- Date Expira-
tive (Month/ Exer- tion
Security Day/Year) Code V (A) (D) cisable Date
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
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Table II Derivative Securities Acquired, Disposed of, or Beneficially Owned (Continued)
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7. Title and Amount of Underlying 8. Price of 9. Number of 10. Ownership 11. Nature
Securities Derivative Derivative Form of of
Security Securities Derivative Indirect
Beneficially Security: Beneficial
Amount or Owned at End Direct (D) Ownership
Number of of Month or Indirect
Title Shares (I)
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Explanation of Responses:
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SIGNATURE OF REPORTING PERSON
/s/ Donald G. Blakeman
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DATE: June 2, 1999
