| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
COLUMBIA SPORTSWEAR CO [ COLM ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 07/25/2019 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 07/25/2019 | G(1) | V | 1,154,134 | A | $0 | 1,154,136 | D | ||
| Common Stock | 09/03/2019 | G(2) | V | 20,159(3) | D | $0 | 804,418(4) | I | By DSRA, LLC(5) | |
| Common Stock | 11/03/2019 | G | V | 9,038,445(6) | A | $0 | 9,038,445(6) | I | By the Gertrude Boyle Trust(7) | |
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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. Transfer from the David C. Bany Trust to the reporting person's revocable trust. |
| 2. Transfer by the reporting person's revocable trust of an approximately 2.5% membership interest in DSRA, LLC. DSRA, LLC is the direct owner of the securities listed in column 4 of row 2 of table I. |
| 3. Represents the decrease to the reporting person in beneficial ownership of shares of common stock of Columbia Sportswear Company arising from the transfer reported in row 2 of table I. |
| 4. 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 percuniary interest therein, and the inclusion of such shares in this statement shall not be 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. |
| 5. DSRA, LLC is the direct owner of the securiites listed in column 5 of row 2 of table I. The reporting person is the sole 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. |
| 6. The reporting person became trustee of the Gertrude Boyle Trust upon the death of its settlor, Gertrude Boyle, on November 3, 2019. 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 percuniary interest therein, and the inclusion of such shares in this statement shall not be 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. |
| 7. 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. |
| Remarks: |
| /s/ Steven H. Hull, attorney-in-fact for Sarah A. Bany | 11/12/2019 | |
| ** 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| 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 Number. | ||