Item 5.02 Departure of Directors or Certain Officers; Election of
Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On September 9, 2009, American Community Properties Trust, (the "Company"), entered into a Restricted Share Award Agreement with Stephen K. Griessel, Company's Chief Executive Officer. The agreement sets forth the terms of the Company's previously announced grant of 363,743 restricted common shares of the Company, which grant was required under the Amended and Restated Employment Agreement, dated May 14, 2009, by and among the Company, American Rental Management Company, and Mr. Griessel. A copy of the Restricted Share Award Agreement is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Restricted Share Award Agreement, dated as of September 9, 2009, among American Community Properties Trust and Stephen K. Griessel

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