SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* ING GROEP NV (Last) (First) (Middle) AMSTELVEENSEWEG 500, 1081 KL PO BOX, 810, 1000 AV (Street) AMSTERDAM P7 0000 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol CALIFORNIA COASTAL COMMUNITIES INC [ CALC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 06/21/2007
	4. If Amendment, Date of 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

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								1,630,683(1)(2)(3)	I	See footnote 4.(4)

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 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: 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

1. Name and Address of Reporting Person* ING GROEP NV (Last) (First) (Middle) AMSTELVEENSEWEG 500, 1081 KL PO BOX, 810, 1000 AV (Street) AMSTERDAM P7 0000 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ING CAPITAL LLC (Last) (First) (Middle) 1325 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10019 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ARENS GEOFFREY W (Last) (First) (Middle) 1325 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10019 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* ING Global Investment Strategies LLC (Last) (First) (Middle) 1325 AVENUE OF THE AMERICAS (Street) NEW YORK NY 10019 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. This Form 4 is being filed for informational purposes only. Any transactions reflected herein are not subject to Section 16.

2. On June 21, 2007, ING Capital LLC, acting as investment manager on behalf of ING Middenbank Curacao N.V., transferred (i) 250,000 shares of California Coastal Communities Inc. common stock to ING Schuyler Bay Master LTD, a fund for which ING Global Investment Strategies LLC acts as investment manager, and (ii) 1,380,683 shares of California Coastal Communities Inc. common stock to ING Capital LLC. 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.

3. 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.

4. 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.

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

	Geoffrey Arens	06/29/2007
	Neil De La Cruz	06/29/2007
	Nicole Ponzoa, attorney-in-fact	06/29/2007
	Timothy Meehan, attorney-in-fact	06/29/2007
	** Signature of Reporting Person	Date
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