FORM 4
[ X ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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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 *

ABOODI ODED 		2. Issuer Name and Ticker or Trading Symbol

American Community Newspapers Inc. [ ANE ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

ANSONIA STATION, P.O. BOX 234009 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/22/2008
(Street)

NEW YORK, NY 10023-9455
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

12/24/2008 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   12/22/2008     S    390000   D $0   (1) 0   I   Held by OA/Kadima Holdings LLC, of which Mr. Aboodi is the managing member  
Common Stock                  220000   I   Held by HMA 1999 Trust, of which Mr. Aboodi is a trustee  
Common Stock                  220000   I   Held by DKA 1999 Trust, of which Mr. Aboodi is a trustee  
Common Stock                  220000   I   Held by ASH 1999 Trust, of which Mr. Aboodi is a trustee  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants   $5.00   12/22/2008     S        620877    7/2/2007   6/29/2009   Common Stock   620877   $0   (2) 0   I   Held by Nechadeim Group LLC   (3)

Explanation of Responses:
( 1)  The shares of Common Stock were sold for an aggregate of $18, or $0.0000462 per share.
( 2)  The warrants were sold for an aggregate of $9, or $0.0000145 per warrant.
( 3)  This entity is owned equally by HMA 1999 Trust, DKA 1999 Trust and ASH 1999 Trust, with respect to each of which Mr. Aboodi is a trustee.

Remarks:
This amendment to the Form 4 originally filed on December 24, 2008 is being filed solely to correct the address of the reporting person.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ABOODI ODED
ANSONIA STATION
P.O. BOX 234009
NEW YORK, NY 10023-9455
X


Signatures
/s/ Oded Aboodi 12/29/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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