-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Gg/HhJZQx1lhMrYydgOAw1sDn4sQSI+ta/cVakTvK+CrcTLTwGwL/Zvu0H42hXfb
 +H7CF+d2y0LwB1Q62WXwag==

<SEC-DOCUMENT>0001181431-08-021213.txt : 20080325
<SEC-HEADER>0001181431-08-021213.hdr.sgml : 20080325
<ACCEPTANCE-DATETIME>20080325193528
ACCESSION NUMBER:		0001181431-08-021213
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20080324
FILED AS OF DATE:		20080325
DATE AS OF CHANGE:		20080325

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COULOMBE JOSEPH H
		CENTRAL INDEX KEY:			0001206493

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-14970
		FILM NUMBER:		08710478

	BUSINESS ADDRESS:	
		STREET 1:		C/O COST PLUS INC
		STREET 2:		200 FOURTH STREET
		CITY:			OAKLAND
		STATE:			CA
		ZIP:			94607
		BUSINESS PHONE:		5108937300

ISSUER:		

	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:			0203

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd200991.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-03-24</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000798955</issuerCik>
        <issuerName>COST PLUS INC/CA/</issuerName>
        <issuerTradingSymbol>CPWM</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001206493</rptOwnerCik>
            <rptOwnerName>COULOMBE JOSEPH H</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>200 FOURTH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OAKLAND</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>94607</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Director Stock Option (right to buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>3.61</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2008-03-24</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>12000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2015-03-24</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Cost Plus Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>12000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>12000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Options vest in four equal annual installments on the anniversary date of the grant.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Timothy Lester, attorney-in-fact for Joseph Coulombe</signatureName>
        <signatureDate>2008-03-25</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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