Columbia Sportswear (COLM) Form 4 COLUMBIA SPORTSWEAR / SARAH BANY ownership change

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

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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^*

BANY SARAH

(Last) (First) (Middle)

9740 SW HILLMAN COURT

SUITE 200

(Street)

WILSONVILLE OR 97070-7710

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
COLUMBIA SPORTSWEAR CO [ COLM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/22/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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	07/22/2020		S		1,108	D	$80.08(1)	7,399,178(2)	I	By the Gertrude Boyle Trust(3)
Common Stock	07/23/2020		S		1,300	D	$80.35(4)	7,397,878(2)	I	By the Gertrude Boyle Trust(3)
Common Stock	07/23/2020		S		20,000	D	$81.81(5)	7,377,878(2)	I	By the Gertrude Boyle Trust(3)
Common Stock	07/23/2020		S		3,700	D	$82.09(6)	7,374,178(2)	I	By the Gertrude Boyle Trust(3)
Common Stock								1,154,136	D
Common Stock								804,418(7)	I	By DSRA LLC(8)

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

Explanation of Responses:

1. The price reported is a weighted average price for shares sold in multiple transactions ranging from $80.00 to $80.29, inclusive. The reporting person undertakes to provide to Columbia Sportswear Company, any securityholder of Columbia Sportswear Company or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price in the ranges set forth in footnotes (1) and (4) through (6) of this Form 4.

2. As permitted by instruction 4(b)(iv) to Form 4, the reporting person is reporting all shares of common stock of Columbia Sportswear Company owned directly by the Gertrude Boyle Trust. As permitted by Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, the reporting person disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein, and the inclusion of such shares in this statement shall not be deemed an admission of beneficial ownership of all of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

3. The reporting person is the sole trustee of the Gertrude Boyle Trust, and beneficiaries of the Gertrude Boyle Trust include the reporting person and her children.

4. The price reported is a weighted average price for shares sold in multiple transactions ranging from $80.00 to $80.85, inclusive.

5. The price reported is a weighted average price for shares sold in multiple transactions ranging from $81.13 to $81.98, inclusive.

6. The price reported is a weighted average price for shares sold in multiple transactions ranging from $82.04 to $82.21, inclusive.

7. As permitted by instruction 4(b)(iv) to Form 4, the reporting person is reporting all shares of common stock of Columbia Sportswear Company owned directly by DSRA LLC. As permitted by Rule 16a-1(a)(4) under the Securities Exchange Act of 1934, the reporting person disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein, and the inclusion of such shares in this statement shall not be deemed an admission of beneficial ownership of all of such shares for purposes of Section 16 of the Securities Exchange Act of 1934 or for any other purpose.

8. The reporting person is the manager of DSRA LLC, and the members of DSRA LLC include trusts for which the reporting person is the sole trustee and of which the beneficiaries are the reporting person's children.

	/s/ Steven H. Hull, attorney-in-fact for Sarah Bany	07/23/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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