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 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(h) of the Investment Company Act of 1940

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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 (Month/Day/Year) 05/27/2010 (Street) AMSTERDAM, P7 0000 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) ___ Form filed by One Reporting Person _X_ 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 (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 05/27/2010   S   755,683 D $ 0.75 0 (1) (2) I See footnote 3. (3) Common Stock 06/01/2010   S   500,000 D $ 0.75 0 (2) (4) I See footnote 3. (3) Common Stock 06/04/2010   S   500,000 D $ 0.75 0 (2) (5) I See footnote 3. (3)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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)

3A. Deemed Execution Date, if any (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)

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 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

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		06/08/2010
**Signature of Reporting Person		Date
/s/ Lance Larsen		06/08/2010
**Signature of Reporting Person		Date
/s/ Timothy Meehan, attorney-in-fact		06/08/2010
**Signature of Reporting Person		Date
/s/ Nicole Ponzoa, attorney-in-fact		06/08/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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.

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