SEC FORM 4

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^*

MASIN ROBERT G

(Last)

(First)

(Middle)

C/O COLUMBIA SPORTSWEAR COMPANY

14375 NW SCIENCE PARK DRIVE

(Street)

PORTLAND

97229

(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	10% Owner
X	Officer (give title below)	Other (specify below)
	Senior Vice President of Sales

3. Date of Earliest Transaction (Month/Day/Year)
05/25/2004

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/11/2004		G		190	D	⁽¹⁾	11,045.16	D
Common Stock	05/25/2004		S		388	D	$54	10,931.03⁽²⁾	D
Common Stock	05/26/2004		S⁽³⁾		324	D	$53.95	10,607.03	D
Common Stock	05/26/2004		S		8,059	D	$53.95	2,548	D
Common Stock	05/27/2004		M		675	A	$12.167	3,223.03	D
Common Stock	05/27/2004		M		140	A	$8.167	3,363.03	D
Common Stock	05/27/2004		M		1,200	A	$15.709	4,563.03	D
Common Stock	05/27/2004		S		2,015	D	$54	2,548.03	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$12.167	05/27/2004		M			675	02/01/2000⁽⁴⁾	01/28/2010	Common Stock	675	⁽¹⁾	2,026	D
Employee Stock Option (right to buy)	$8.167	05/27/2004		M			140	03/01/1999⁽⁴⁾	02/23/2009	Common Stock	140	⁽¹⁾	0	D
Employee Stock Option (right to buy)	$15.709	05/27/2004		M			1,200	05/01/2001⁽⁵⁾	04/21/2010	Common Stock	1,200	⁽¹⁾	4,801	D

Explanation of Responses:

1. N/A

2. Includes 273.87261 shares acquired under the Company's Employee Stock Purchase Plan in May 2004.

3. 324 shares were gifted by Mr. Masin to his daughter and concurrently sold by her. Mr. Masin disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person was the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

4. Options become exercisable ratably over a 60 month period beginning on the "date exercisable" indicated.

5. Options become exercisable over four years following the date of grant as follows: 25 percent vested on the "date exerciable" indicated, and the remaining 75 percent vest in equal monthly installments over the following 36 months.

Remarks:

	Robert G. Masin	05/27/2004
	** 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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