FORM 4

U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

[ ]

Check this box if no longer
subject to Section 16. Form 4
or Form 5 obligations may
continue. See Instruction 1(b).

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility
Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person

Ginorio Antonio

2. Issuer Name and Ticker or Trading Symbol

American Community Properties Trust (APO)

6. Relationship of Reporting Person to Issuer
(Check all applicable)

_____Director _____10% Owner
_____Officer (give X Other (specify
title below)
below)
Trustee

(Last) (First) (Middle)

Calle 2 #18-A, La Campina

3. IRS Identification
Number of
Reporting Person,
if an Entity
(Voluntary)

4. Statement for
Month/Year

July 2001

(Street)

Rio Piedras PR 00926

5. If Amendment,
Date of Original
(Month/Year)

7. Individual or Joint/Group Filing
(Check applicable line)
X Form Filed by One Reporting Person
____Form Filed by More than One Reporting
Person

(City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1. Title of Security

2. Trans-
action
Date

3. Trans-
action
Code
(Instr. 8)

4. Securities Acquired (A)
or Disposed of (D)
(Instr. 3, 4 and 5)

5. Amount of
Securities
Beneficially
Owned at
End of
Month
(Instr. 3 and 4)

6. Ownership
Form Direct (D)
or Indirect (I)
(Instr. 4)

7. Nature
of In-
direct
Bene-
ficial
Owner-
ship
(Instr. 4)

(Month/
Day/Year)

Code

Amount

(A) or
(D)

Price

Common Stock

7/19/01

1,000

$4.80

1,000

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3,4, and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)
			Code	V	(A)	(D)	Date Exercisable	Expiration Date

7. Title and Amount of Underlying Securities (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Title	Amount or Number of Shares

Explanation of Responses

/s/ Antonio Ginorio		August 2, 2001
Signature of Reporting Person		Date

GINORIO ANTONIO 4