-----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, KADE3BQiktde5SoUEKTFmoVuMpLZeORdtSXxRfEBz1Tyyxev7A7FB8Emm3N898yh lQY311eCr0wIQ1MDDyrC1g== 0000950127-06-000223.txt : 20060403 0000950127-06-000223.hdr.sgml : 20060403 20060403160819 ACCESSION NUMBER: 0000950127-06-000223 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060403 DATE AS OF CHANGE: 20060403 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: 0130 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-45833 FILM NUMBER: 06733618 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: Jacobsen Jakup a Dul CENTRAL INDEX KEY: 0001339251 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: BUSINESS PHONE: 354-894-5910 MAIL ADDRESS: STREET 1: SUNDABORG 7 CITY: REYKJAVIK STATE: K6 ZIP: 104 SC 13G 1 a13g.txt SCHEDULE 13G ================================================================================ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------- SCHEDULE 13G Under the Securities Exchange Act of 1934 COST PLUS, INC. ---------------- (Name of Issuer) Common Stock, $0.01 Par Value Per Share --------------------------------------- (Title of Class of Securities) 221485105 -------------- (CUSIP Number) March 23, 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). ================================================================================ SCHEDULE 13G - ------------------- CUSIP No. 221485105 - ------------------- - -------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Jakup a Dul Jacobsen I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY) - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Denmark - -------------------------- ----- ----------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY OWNED 1,213(1) BY EACH REPORTING ----- ----------------------------------------------- PERSON WITH 6 SHARED VOTING POWER 2,202,400(2) ----- ----------------------------------------------- 7 SOLE DISPOSITIVE POWER 1,213(1) ----- ----------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,202,400(2) - -------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,203,013(1)(2) - -------- ---------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES(2) [ ] - -------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.9%(1)(2)(3) - -------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------- ---------------------------------------------------------------------- (1) Such shares are held as custodian for minor child. (2) Jakup a Dul Jacobsen may be deemed to be the beneficial owner of such shares of common stock of Cost Plus, Inc. reported herein through his direct ownership of Lagerinn ehf. (3) The percentage of the shares of common stock indicated in this table are based on the 22,060,788 shares of common stock of Cost Plus, Inc. outstanding as of December 5, 2005, as disclosed in Cost Plus, Inc.'s most recent Form 10-Q filed with the Securities and Exchange Commission. 2 SCHEDULE 13G - ------------------- CUSIP No. 221485105 - ------------------- - -------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Lagerinn ehf I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY) - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Republic of Iceland - ------------------------- ----- ----------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY OWNED 0 BY EACH REPORTING ----- ----------------------------------------------- PERSON WITH 6 SHARED VOTING POWER 2,202,400(1) ----- ----------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ----- ----------------------------------------------- 8 SHARED DISPOSITIVE POWER 2,202,400(1) - -------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,202,400(1) - -------- ---------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 9.9%(1)(2) - -------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON CO - -------- ---------------------------------------------------------------------- (1) Lagerinn ehf may be deemed to be the beneficial owner of the shares of common stock of Cost Plus, Inc. through arrangements with Kaupthing Bank hf. (2) The percentage of the shares of common stock indicated in this table are based on the 22,060,788 shares of common stock of Cost Plus, Inc. outstanding as of December 5, 2005, as disclosed in Cost Plus, Inc.'s most recent Form 10-Q filed with the Securities and Exchange Commission. 3 SCHEDULE 13G - ------------------- CUSIP No. 221485105 - ------------------- - -------- ---------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS Kaupthing Bank hf. I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON (ENTITIES ONLY) - -------- ---------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------- ---------------------------------------------------------------------- 3 SEC USE ONLY - -------- ---------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Republic of Iceland - -------------------------- ----- ----------------------------------------------- NUMBER OF SHARES 5 SOLE VOTING POWER BENEFICIALLY OWNED 0 BY EACH REPORTING ----- ----------------------------------------------- PERSON WITH 6 SHARED VOTING POWER 1,342,400(1) ----- ----------------------------------------------- 7 SOLE DISPOSITIVE POWER 0 ----- ----------------------------------------------- 8 SHARED DISPOSITIVE POWER 1,342,400(1) - -------- ---------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,342,400(1) - -------- ---------------------------------------------------------------------- 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------- ---------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 6.0%(1)(2) - -------- ---------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON BK - -------- ---------------------------------------------------------------------- (1) Kaupthing Bank hf. may be deemed to be the beneficial owner of the shares of common stock of Cost Plus, Inc. through arrangements with Lagerinn ehf. Kaupthing Bank hf. hereby disclaims beneficial ownership of the shares of common stock of Cost Plus, Inc. held by Lagerinn ehf other than pursuant to such arrangements. (2) The percentage of the shares of common stock indicated in this table are based on the 22,060,788 shares of common stock of Cost Plus, Inc. outstanding as of December 5, 2005, as disclosed in Cost Plus, Inc.'s most recent Form 10-Q filed with the Securities and Exchange Commission. ITEM 1 4 (a) NAME OF ISSUER: Cost Plus, Inc. (the "Issuer") (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 200 4th Street Oakland, California 94607 ITEM 2 (a) NAME OF PERSON FILING: This statement on Schedule 13G is being filed by (i) Jakup a Dul Jacobsen ("Jacobsen"); (ii) Lagerinn ehf ("Lagerinn"); and (iii) Kaupthing Bank hf. ("Kaupthing"). Jacobsen, Lagerinn and Kaupthing are hereinafter sometimes collectively referred to as the "Reporting Persons". (b) ADDRESS OR PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE: The business address of Jacobsen is c/o Lagerinn at Sundaborg 7, 104 Reykjavik, Republic of Iceland. The address of the principal office and principal business of Lagerinn is Sundaborg 7, 104 Reykjavik, Republic of Iceland. The address of the principal office and principal business of Kaupthing is Borgartun 19, IS-105 Reykjavik, Republic of Iceland. (c) CITIZENSHIP: Jacobsen is from the Faroe Islands and is a citizen of Denmark. Lagerinn is Republic of Iceland corporation. Kaupthing is a Republic of Iceland Public Limited Company. (d) TITLE OF CLASS OF SECURITIES: Common Stock (e) CUSIP NO.: 221485105 5 ITEM 3. Not applicable. ITEM 4. OWNERSHIP See rows 5-9 and 11 on the cover page for each Reporting Person. Jacobsen beneficially owns 2,203,613 shares of Common Stock (the "Shares"). Lagerinn beneficially owns 2,202,400 Shares. A total of 1,342,400 of the Shares were purchased by means of equity swap agreements between Lagerinn and Kaupthing (the "Equity Swap Agreements"). Of the remaining Shares, 860,000 Shares are directly owned by Lagerinn and 1,213 are held by Jacobsen as custodian for his minor child. ITEM 5. OWNERSHIP OF 5 PERCENT OR LESS OF A CLASS Not applicable. ITEM 6. OWNERSHIP OF MORE THAN 5 PERCENT ON BEHALF OF ANOTHER PERSON Dividends on the Shares held by Kaupthing pursuant to the Equity Swap Agreements will be paid to Kaupthing, in relation to its respective holdings, as the record owner of the Shares. Such dividends, however, are to be paid to Lagerinn pursuant to the Equity Swap Agreements. Other than as described above, to the best knowledge of the Reporting Persons, no person (other than the Reporting Persons) has the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the Shares. ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY OR CONTROL PERSON 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. CERTIFICATIONS 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 6 having that purpose or effect. 7 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. Dated: April 3, 2006 JAKUP A DUL JACOBSEN /s/ Jakup a Dul Jacobsen ---------------------------------- LAGERINN EHF /s/ Sigurdur Berntsson ---------------------------------- Name: Sigurdur Berntsson Title: Chief Financial Officer 8 KAUPTHING BANK HF. /s/ Hannes Frimann Hrolfsson ---------------------------------- Name: Hannes Frimann Hrolfsson Title: Head of FX and Derivatives Sales Treasury of Kaupthing Bank Iceland /s/ Bjork Thorarinsdottir ---------------------------------- Name: Bjork Thorarinsdottir Title: Deputy Managing Director Corporate Banking Treasury of Kaupthing Bank Iceland 9 EXHIBIT A JOINT FILING AGREEMENT This will confirm the agreement among the undersigned that the Schedule 13G filed on or about this date and any amendments thereto with respect to beneficial ownership by the undersigned of shares of common stock, $0.01 par value per share, of Cost Plus, Inc. is being filed on behalf of each of the undersigned in accordance with Rule 13d-1(k)(1) under the Securities and Exchange Act of 1934, as amended. The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate. This agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Dated: April 3, 2006 JAKUP A DUL JACOBSEN /s/ Jakup a Dul Jacobsen ---------------------------------- LAGERINN EHF /s/ Sigurdur Berntsson ---------------------------------- Name: Sigurdur Berntsson Title: Chief Financial Officer 10 KAUPTHING BANK HF. /s/ Hannes Frimann Hrolfsson ---------------------------------- Name: Hannes Frimann Hrolfsson Title: Head of FX and Derivatives Sales Treasury of Kaupthing Bank Iceland /s/ Bjork Thorarinsdottir ---------------------------------- Name: Bjork Thorarinsdottir Title: Deputy Managing Director Corporate Banking Treasury of Kaupthing Bank Iceland 11 -----END PRIVACY-ENHANCED MESSAGE-----