FORM 4
[ ] 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 *

ING GROEP NV 		2. Issuer Name and Ticker or Trading Symbol

CALIFORNIA COASTAL COMMUNITIES INC [ CALCQ ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

AMSTELVEENSEWEG 500, 1081 KL, PO BOX, 810, 1000 AV 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/27/2010
(Street)

AMSTERDAM, P7 0000
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

___ Form filed by One Reporting Person
_ X _ 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   5/27/2010     S    755683   D $0.75   0   (1) (2) I   See footnote 3.   (3)
Common Stock   6/1/2010     S    500000   D $0.75   0   (2) (4) I   See footnote 3.   (3)
Common Stock   6/4/2010     S    500000   D $0.75   0   (2) (5) I   See footnote 3.   (3)

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

Explanation of Responses:
( 1)  On May 27, 2010, in a private, negotiated transaction, ING Capital LLC and/or various of its affiliated entities sold an aggregate of 755,683 shares of California Coastal Communities Inc. common stock. ING Groep N.V. is the indirect parent company of both ING Capital LLC and ING Global Investment Strategies LLC through a chain of wholly-owned subsidiaries.
( 2)  Geoffrey W. Arens disclaims beneficial ownership of all shares of common stock beneficially owned by ING Groep N.V., ING Capital LLC and ING Global Investment Strategies LLC.
( 3)  ING Groep N.V. is the indirect parent company of both ING Capital LLC and ING Global Investment Strategies LLC through a chain of wholly-owned subsidiaries. Geoffrey W. Arens has been a director of California Coastal Communities Inc. since April 5, 2004. Mr. Arens is a Managing Director of ING Capital LLC and Chief Executive Officer and Managing Director of ING Global Investment Strategies LLC.
( 4)  On June 1, 2010, in a private, negotiated transaction, ING Capital LLC and/or various of its affiliated entities sold an aggregate of 500,000 shares of California Coastal Communities Inc. common stock. ING Groep N.V. is the indirect parent company of both ING Capital LLC and ING Global Investment Strategies LLC through a chain of wholly-owned subsidiaries.
( 5)  On June 4, 2010, in a private, negotiated transaction, ING Capital LLC and/or various of its affiliated entities sold an aggregate of 500,000 shares of California Coastal Communities Inc. common stock. ING Groep N.V. is the indirect parent company of both ING Capital LLC and ING Global Investment Strategies LLC through a chain of wholly-owned subsidiaries.

Remarks:
Other Reporting Owner Names/Addresses: ING Capital LLC, 1325 Avenue of the Americas, New York, NY 10019; ING Global Investment Strategies LLC, 1325 Avenue of the Americas, New York, NY 10019; Geoffrey W. Arens, 1325 Avenue of the Americas, New York, NY 10019.

As a result of the reported transactions, the reporting persons ceased to be a 10% beneficial owner following the May 27, 2010 transaction, and ceased to be a 5% beneficial owner following the June 1, 2010 transaction.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ING GROEP NV
AMSTELVEENSEWEG 500, 1081 KL
PO BOX, 810, 1000 AV
AMSTERDAM, P7 0000 		X X

ING CAPITAL LLC
1325 AVENUE OF THE AMERICAS
NEW YORK, NY 10019 		X X

ARENS GEOFFREY W
1325 AVENUE OF THE AMERICAS
NEW YORK, NY 10019 		X


ING Global Investment Strategies LLC
1325 AVENUE OF THE AMERICAS
NEW YORK, NY 10019 		X X


Signatures
/s/ Geoffrey Arens 6/8/2010
** Signature of Reporting Person Date

/s/ Lance Larsen 6/8/2010
** Signature of Reporting Person Date

/s/ Timothy Meehan, attorney-in-fact 6/8/2010
** Signature of Reporting Person Date

/s/ Nicole Ponzoa, attorney-in-fact 6/8/2010
** 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.
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