-----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, AmTwIyZVIbgaUqVQLVD2bhJhRtbsv8mp2Sh23LrTLpmiP6zO019aQtWD8sjpcfkY 4sXlRE+Ftqjuapgsujzs4g== 0001202291-06-000041.txt : 20061128 0001202291-06-000041.hdr.sgml : 20061128 20061128170331 ACCESSION NUMBER: 0001202291-06-000041 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061128 DATE AS OF CHANGE: 20061128 GROUP MEMBERS: GLENN J. KREVLIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COST PLUS INC/CA/ CENTRAL INDEX KEY: 0000798955 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES [5700] IRS NUMBER: 941067973 STATE OF INCORPORATION: CA FISCAL YEAR END: 0128 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-45833 FILM NUMBER: 061242792 BUSINESS ADDRESS: STREET 1: 200 FOURTH STREET OAKLAND STREET 2: SEE ADDRESS LISTED ABOVE CITY: OAKLAND STATE: CA ZIP: 94607 BUSINESS PHONE: 5108937300 MAIL ADDRESS: STREET 1: 200 FOURTH STREET OAKLAND STREET 2: SEE ADDRESS LISTED ABOVE CITY: OAKLAND STATE: CA ZIP: 94607 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GLENHILL ADVISORS LLC CENTRAL INDEX KEY: 0001137521 IRS NUMBER: 134153005 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 598 MADISON AVE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-432-0600 MAIL ADDRESS: STREET 1: 598 MADISON AVE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: KREVLIN ADVISORS LLC DATE OF NAME CHANGE: 20010402 SC 13G/A 1 form13ga.htm FORM 13G/A FILED BY GLENNHILL ADVISORS, LLC 2006-11-28 Form 13G/A filed by Glennhill Advisors, LLC 2006-11-28

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*



Cost Plus, Inc.
-------------------------------------------------------------------------------
(Name of Issuer)



Common Stock
-------------------------------------------------------------------------------
(Title of Class of Securities)



221485105
--------------------------------------------
(CUSIP Number)



November 27, 2006
-------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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.

SEC 1745 (3-06)

 
Page 1 of  6 pages
 

-----------------------------------
CUSIP No. 221485105
-----------------------------------

----------------------------------------------------------------------------------------------------

1. Names of Reporting Persons
I.R.S. Identification Nos. of above persons (entities only)

Glenhill Advisors, LLC
13-4153005

-----------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) [ ]

(b) [X]

-----------------------------------------------------------------------------------------------------
3. SEC Use Only


-----------------------------------------------------------------------------------------------------
4. Citizenship or Place of Organization

Delaware

-----------------------------------------------------------------------------------------------------

Number of     5.    Sole Voting Power  1,663,891

Shares  -------------------------------------------------------------------------

Beneficially   6.    Shared Voting Power  0

Owned by    -------------------------------------------------------------------------

Each       7.    Sole Dispositive Power    1,663,891

Reporting    -------------------------------------------------------------------------

Person With:    8.    Shared Dispositive Power    0

----------------------------------------------------------------------------------------------------
9.    Aggregate Amount Beneficially Owned by Each Reporting Person

1,663,891

----------------------------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)     [ ]

----------------------------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

7.5%
----------------------------------------------------------------------------------------------------
12.   Type of Reporting Person (See Instructions)

IA, HC

----------------------------------------------------------------------------------------------------


 
Page 2 of  6 pages
 

-----------------------------------
CUSIP No. 221485105
-----------------------------------

----------------------------------------------------------------------------------------------------
1.      Names of Reporting Persons
     I.R.S. Identification Nos. of above persons (entities only)
 
        Glenn J. Krevlin

-----------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a)  [  ]

(b) [X]

-----------------------------------------------------------------------------------------------------
3. SEC Use Only


-----------------------------------------------------------------------------------------------------
4. Citizenship or Place of Organization

United States

-----------------------------------------------------------------------------------------------------

Number of    5.    Sole Voting Power           1,663,891

Shares      -------------------------------------------------------------------------

Beneficially   6.    Shared Voting Power      0

owned by    --------------------------------------------------------------------------

Each       7.    Sole Dispositive Power    1,663,891

Reporting    -------------------------------------------------------------------------

Person With:    8.    Shared Dispositive Power     0

----------------------------------------------------------------------------------------------------
9.    Aggregate Amount Beneficially Owned by Each Reporting Person

1,663,891

----------------------------------------------------------------------------------------------------
10.   Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions)     [ ]

----------------------------------------------------------------------------------------------------
11.   Percent of Class Represented by Amount in Row (9)

7.5%
----------------------------------------------------------------------------------------------------
12.    Type of Reporting Person (See Instructions)

HC

----------------------------------------------------------------------------------------------------

 
Page 3 of  6 pages
 

Item 1(a).    Name of Issuer:
        Cost Plus, Inc.

Item 1(b).   Address of Issuer's Principal Executive Offices:
        200 4th Street
        Oakland, California 94607

Item 2(a).   Name of Persons Filing:
       Glenhill Advisors, LLC and Glenn J. Krevlin
        
           Glenn J. Krevlin is the managing member and control person of Glenhill Advisors, LLC.
                   Glenhill Advisors, LLC is the managing member of each of Glenhill Capital Management, LLC
               and Glenhill Overseas Management, LLC. Glenhill Capital Management, LLC is investment
           advisor to each of Glenhill Capital LP, Glenhill Concentrated Long Master Fund, LLC and
           Glenhill Concentrated Long Absolute Fund, LP, each of whom is a security holder of the issuer.
                   Glenhill Overseas Management, LLC is investment advisor to Glenhill Capital Overseas Master
                   Fund, LP, a security holder of the issuer.

Item 2(b).   Address of Principal Business Office or, if none, Residence:
            598 Madison Avenue, 12th Floor
                    New York, NY 10022

Item 2(c).    Citizenship:
            See the response(s) to Item 4 on the attached cover page(s).
 
Item 2(d).   Title of Class of Securities:
            Common Stock

Item 2(e).   CUSIP Number:
                    221485105

Item 3.         If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a:
            Not Applicable


 
Page 4 of  6 pages
 

Item 4.  Ownership.
 
    (a).    Amount beneficially owned:
       See the response(s) to Item 9 on the attached cover page(s).
 
    (b).    Percent of Class:
        See the response(s) to Item 11 on the attached cover page(s).
 
    (c).      Number of shares as to which the person has:
 
       (i).      Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
 
       (ii).     Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
 
       (iii).    Sole power to dispose or to direct the disposition of: See the response(s) to Item 7on the attached cover page(s).
 
       (iv).   Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).

Item 5.  Ownership of five percent or less of a class.
            Not Applicable

Item 6.  Ownership of more than five percent on behalf of another person.
            Not Applicable

Item 7.  Identification and Classification of the Subsidiary which acquired the Security being reported on by the Parent Holding Company.
            Not Applicable

Item 8.  Identification and Classification of Members of the Group.
            Not Applicable

Item 9.  Notice of Dissolution of Group.
            Not Applicable

Item 10.  Certification.
        By signing below I certify that, to the best of my knowledge and belief, the securities referred to
        above were not acquired and are not held for the purpose of or with the effect of changing or
        influencing the control of the issuer of the securities and were not acquired and are not held in
        connection with or as a participant in any transaction having that purpose or effect.

 
Page 5 of  6 pages
 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date: November 28, 2006

GLENHILL ADVISORS, LLC

By: /s/ GLENN J. KREVLIN
------------------------------------------------
Name: Glenn J. Krevlin
Title: Managing Member


/s/ GLENN J. KREVLIN
------------------------------------------------
Name: Glenn J. Krevlin
 
 
Page 6 of  6 pages
 
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