<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Amendment No. 1
Cost Plus, Inc.
----------------------------------
(Name of Issuer)
Common Stock, $.01 par value
----------------------------------
(Title of Class of Securities)
221485105
----------------------
(CUSIP Number)
Page 1 of 12 Pages
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- --------------------
CUSIP NO.
221485105
- --------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman, Sachs & Co.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
New York
- --------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------
Each 6. Shared Voting Power
Reporting
Person With 1,769
-----------------------------------------
7. Sole Dispositive Power
0
-----------------------------------------
8. Shared Dispositive Power
1,769
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,769
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
0.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
BD-PN-IA
- --------------------------------------------------------------------------------
Page 2 of 12 Pages
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- --------------------
CUSIP NO.
221485105
- --------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
The Goldman Sachs Group, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
Delaware
- --------------------------------------------------------------
Number of 5. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------
Each 6. Shared Voting Power
Reporting
Person With 1,037,656
-----------------------------------------
7. Sole Dispositive Power
0
-----------------------------------------
8. Shared Dispositive Power
1,037,656
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,037,656
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
12.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
HC-PN
- --------------------------------------------------------------------------------
Page 3 of 12 Pages
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- --------------------
CUSIP NO.
221485105
- --------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman Sachs Credit Partners, L.P.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
Bermuda
- --------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------
Each 6. Shared Voting Power
Reporting
Person With 1,035,887
-----------------------------------------
7. Sole Dispositive Power
0
-----------------------------------------
8. Shared Dispositive Power
1,035,887
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,035,887
- --------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
12.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
PN
- --------------------------------------------------------------------------------
Page 4 of 12 Pages
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- --------------------
CUSIP NO.
221485105
- --------------------
- --------------------------------------------------------------------------------
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Goldman Sachs Global Holdings, L.L.C.
- --------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
(a)
-----
(b)
-----
- --------------------------------------------------------------------------------
3. SEC Use Only
- --------------------------------------------------------------------------------
4. Citizenship or place of Organization
Delaware
- --------------------------------------------------------------------------------
Number of 5. Sole Voting Power
Shares
Beneficially 0
Owned By -----------------------------------------
Each 6. Shared Voting Power
Reporting
Person With 1,035,887
-----------------------------------------
7. Sole Dispositive Power
0
-----------------------------------------
8. Shared Dispositive Power
1,035,887
-----------------------------------------
9. Aggregate Amount Beneficially Owned by Each Reporting Person
1,035,887
- --------------------------------------------------------------------------------
10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares
- --------------------------------------------------------------------------------
11. Percent of Class Represented by Amount in Row (9)
12.0%
- --------------------------------------------------------------------------------
12. Type of Reporting Person
PN
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Page 5 of 12 Pages
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Item 1(a). Name of Issuer:
Cost Plus, Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
201 Clay Street
Oakland, CA 94607
Item 2(a). Name of Persons Filing:
Goldman, Sachs & Co., The Goldman Sachs Group, L.P.,
Goldman Sachs Credit Partners, L.P. (formerly known as
Pearl Street, L.P.) and Goldman Sachs Global Holdings, L.L.C.
(formerly known as GSEM Partners)
Item 2(b). Address of Principal Business Office or, if None, Residence:
for Goldman, Sachs & Co., The Goldman Sachs Group, L.P.
and Goldman Sachs Global Holdings, L.L.C.:
85 Broad Street, New York, NY 10004
for Goldman Sachs Credit Partners, L.P.:
Conyers, Dill & Pearman, Church Street
Hamilton HM CX, Bermuda
Item 2(c). Citizenship:
Goldman, Sachs & Co. - New York
The Goldman Sachs Group, L.P. - Delaware
Goldman Sachs Credit Partners, L.P. - Bermuda
Goldman Sachs Global Holdings, L.L.C. - Delaware
Item 2(d). Title and Class of Securities:
Common Stock, $.01 par value
Item 2(e). CUSIP Number:
221485105
Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-
2(b), check whether the person filing is a :
(a).X Broker or dealer registered under Section 15 of the Act,
Goldman, Sachs & Co.
(b). Bank as defined in Section 3(a)(6) of the Act,
(c). Insurance Company as defined in Section 3(a)(19) of the Act,
(d). Investment Company registered under Section 8 of the Investment
Company Act,
Page 6 of 12 Pages
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(e).X Investment Adviser registered under Section 203 of the Investment
Advisers Act of 1940,
Goldman, Sachs & Co.
(f). Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974
or Endowment Fund; see 13d-1(b)(1)(ii)(F),
(g).X Parent Holding Company, in accordance with Rule 13d-1(b)(ii)(G);
see Item 7,
The Goldman Sachs Group, L.P.
(h). Group, in accordance with Rule 13d-1(b)(ii)(H).
Item 4. Ownership.(1) (2)
(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 such 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 7 on 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
- ----------
(1) The Goldman Sachs Group, L.P. ("GS Group") and Goldman, Sachs & Co.
("Goldman Sachs") each disclaim beneficial ownership of the Common Stock
beneficially owned by (i) managed accounts and (ii) certain investment limited
partnerships, of which a subsidiary of GS Group or Goldman Sachs is the general
partner or managing general partner, to the extent partnership interests in such
partnerships are held by persons other than GS Group, Goldman Sachs or their
affiliates.
(2) Includes 1,769 shares of Common stock issuable upon exercise of currently
exercisable stock options granted to Goldman, Sachs & Co. by Cost Plus, Inc.
according to the 1995 Stock Option Plan.
Page 7 of 12 Pages
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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.
See Exhibit (99.2)
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 acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection with
or as a participant in any transaction having such
purpose or effect.
Page 8 of 12 Pages
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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 10, 1997
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Roger S. Begelman
----------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Roger S. Begelman
----------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN SACHS CREDIT PARTNERS, L.P.
By: Goldman Sachs Global Holdings
L.L.C., its general partner
By: /s/ Esta E. Stecher
----------------------------
Name: Esta E. Stecher
Title: Secretary
GOLDMAN SACHS GLOBAL HOLDINGS, L.L.C.
By: /s/ Esta E. Stecher
----------------------------
Name: Esta E. Stecher
Title: Secretary
Page 9 of 12 Pages
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INDEX TO EXHIBITS
Exhibit No. Exhibit
- ----------- -------
99.1 Joint Filing Agreement, dated November 10, 1997 between The
Goldman Sachs Group, L.P., Goldman, Sachs & Co., Goldman
Sachs Credit Partners, L.P. and Goldman Sachs Global
Holdings, L.L.C.
99.2 Item 7 Information
Page 10 of 12 Pages
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EXHIBIT (99.1)
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) promulgated under the Securities Exchange
Act of 1934, the undersigned agree to the joint filing of a Statement on
Schedule 13G (including any and all amendments thereto) with respect to the
shares of common stock, $.01 par value of Cost Plus, Inc., and further agree to
the filing of this agreement as an Exhibit thereto. In addition, each party to
this Agreement expressly authorizes each other party to this Agreement to file
on its behalf any and all amendments to such Statement on Schedule 13G.
Date: November 10, 1997
THE GOLDMAN SACHS GROUP, L.P.
By: /s/ Roger S. Begelman
----------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN, SACHS & CO.
By: /s/ Roger S. Begelman
----------------------------
Name: Roger S. Begelman
Title: Attorney-in-fact
GOLDMAN SACHS CREDIT PARTNERS, L.P.
By: Goldman Sachs Global Holdings
L.L.C., its general partner
By: /s/ Esta E. Stecher
----------------------------
Name: Esta E. Stecher
Title: Secretary
GOLDMAN SACHS GLOBAL HOLDINGS, L.L.C.
By: /s/ Esta E. Stecher
----------------------------
Name: Esta E. Stecher
Title: Secretary
Page 11 of 12 Pages
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EXHIBIT (99.2)
ITEM 7 INFORMATION
Goldman, Sachs & Co. is a broker or dealer registered under Section 15 of
the Act and an investment adviser registered under Section 203 of the Investment
Advisers Act of 1940.
Page 12 of 12 Pages
