-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, GdwCDa+QcAd/6D0z9m8K8Gao1D59faGG/wSZ4J56F/oqoTDz0n6gRSH/nBB99Pn0 jem8R30jgg9DcFa9aezf6w== 0001019973-10-000001.txt : 20100104 0001019973-10-000001.hdr.sgml : 20100101 20100104143306 ACCESSION NUMBER: 0001019973-10-000001 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20091231 FILED AS OF DATE: 20100104 DATE AS OF CHANGE: 20100104 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: HOVDE ERIC D CENTRAL INDEX KEY: 0001019973 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-17189 FILM NUMBER: 10501520 MAIL ADDRESS: STREET 1: 1826 JEFFERSON PLACE NW CITY: WASHINGTON STATE: DC ZIP: 20036 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CALIFORNIA COASTAL COMMUNITIES INC CENTRAL INDEX KEY: 0000840216 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 020426634 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 6 EXECUTIVE CIRCLE STREET 2: SUITE 250 CITY: IRVIN STATE: CA ZIP: 92614 BUSINESS PHONE: 9492507700 MAIL ADDRESS: STREET 1: 6 EXECUTIVE CIRCLE STREET 2: SUITE 250 CITY: IRVIN STATE: CA ZIP: 92614 FORMER COMPANY: FORMER CONFORMED NAME: KOLL REAL ESTATE GROUP INC DATE OF NAME CHANGE: 19931006 FORMER COMPANY: FORMER CONFORMED NAME: BOLSA CHICA CO/ DATE OF NAME CHANGE: 19921229 FORMER COMPANY: FORMER CONFORMED NAME: HENLEY PROPERTIES INC DATE OF NAME CHANGE: 19920727 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Financial Institution Partners Master Fund, LP CENTRAL INDEX KEY: 0001476438 STATE OF INCORPORATION: E9 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-17189 FILM NUMBER: 10501519 BUSINESS ADDRESS: STREET 1: 1826 JEFFERSON PLACE, NW CITY: WASHINGTON STATE: DC ZIP: 20036 BUSINESS PHONE: 202-822-8117 MAIL ADDRESS: STREET 1: 1826 JEFFERSON PLACE, NW CITY: WASHINGTON STATE: DC ZIP: 20036 4 1 primary_doc.xml PRIMARY DOCUMENT X0303 4 2009-12-31 0 0000840216 CALIFORNIA COASTAL COMMUNITIES INC CALC 0001019973 HOVDE ERIC D 1826 JEFFERSON PLACE NW WASHINGTON DC 20036 0 0 1 0 0001476438 Financial Institution Partners Master Fund, LP 1826 JEFFERSON PLACE, NW WASHINGTON DC 20036 0 0 1 0 Common Stock 2009-12-31 4 P 0 170 1.25 A 1557583 I Footnote Common Stock 2009-12-31 4 P 0 150 1.25 A 1305838 D Common Stock 2009-12-31 4 P 0 41587 1.29 A 1347425 D This Form 4 relates to shares of common stock, $0.05 par value (the "Shares") of California Coastal Communities, Inc. ("Issuer"), owned by Financial Institution Partners Master Fund, L.P. (the "FIP Master Fund"), Financial Institution Partners III, L.P. ("FIPIII"), or Financial Institution Partners IV, L.P. ("FIPIV"; together with FIP Master Fund and FIPIII, the "Funds"), which Shares may be deemed to be beneficially owned by Eric D. Hovde ("EDH"). Eric D. Hovde is a managing member ("MM") of Hovde Capital Advisors LLC ("HCA"), a registered investment advisor that provides investment management services to each the Funds. EDH is a MM of Hovde Capital I, LLC ("HC1"), the general partner to FIP Master Fund; EDH is a MM of Hovde Capital, Ltd. ("HCLTD"), the general partner to FIPIII; and EDH is a MM of Hovde Capital Limited IV LLC ("HCLTDIV"), the general partner to FIPIV. Each Reporting Person disclaims beneficial ownership of the Shares reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission of beneficial ownership of such Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended or for any other purpose. These shares are included in the transaction reported in the immediately preceding row and do not represent a separate transaction. As a result of the reported transaction, FIP Master Fund, is the direct owner of 1,305,838 Shares; FIPIII, is the direct owner of 206,666 Shares; FIPIV, is the direct owner of 45,079 Shares; and Eric D. Hovde is the indirect beneficial owner of 1,557,583 Shares. As a result of the reported transaction, FIP Master Fund, is the direct owner of 1,347,425 Shares; FIPIII, is the direct owner of 167,417 Shares; and FIPIV, is the direct owner of 42,741 Shares.The Shares reported herein were aquired by FIP Master Fund in crossing transactions with each of FIPIII and FIPIV in the amount of 39,249 Shares, and 2,338 Shares, respectively. The purpose of the the crossing transactions were for year end rebalancing and reweighting of the Funds' respective portfolios in respect of the Shares. There was no change in the beneficial ownership of Eric D. Hovde as a result of these transactions. As of the date of this transaction, Eric D. Hovde is the indirect beneficial owner of 1,557,583 Shares. /s/ Eric D. Hovde 2010-01-04 /s/ Eric D. Hovde, Managing Member of Hovde Capital I, LLC, general partner of Financial Institution Partners Master Fund, LP 2010-01-04 -----END PRIVACY-ENHANCED MESSAGE-----