Item 1. Security and Issuer
This statement relates to the common stock of Columbia Sportswear Company, an Oregon corporation (the Company). The Companys principal
executive offices are located at 14375 NW Science Park Drive, Portland, Oregon 97229.
Item 2. Identity and Background
This statement is filed jointly by Sarah A. Bany, a citizen of the United States of America, and the Gertrude Boyle Trust, a trust established under the laws
of Oregon (the Trust). Ms. Bany is the sole trustee of the Trust. The principal business of the Trust is to implement the estate plans of the settlor of the Trust, Gertrude Boyle and Ms. Banys mother, following
Ms. Boyles death.
Ms. Bany is a member of the board of directors of the Company and is a co-owner
of Moonstruck Chocolate Company, a company whose principal business is to produce and sell chocolate products and whose principal business address is 6600 N. Baltimore Avenue, Portland, Oregon 97203.
The principal office of the Trust and the business address of Ms. Bany is 9740 SW Hillman Court, Suite 200, Wilsonville, Oregon 97070.
During the last five years, neither Ms. Bany nor the Trust has been convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) or has been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws.
Item 3.
Sources and Amount of Funds or Other Consideration.
Upon the death of Ms. Boyle on November 3, 2019, the Trust became irrevocable, and
Ms. Bany was appointed as the sole trustee of the Trust. By virtue of the foregoing, Ms. Bany and the Trust acquired, for no consideration, beneficial ownership (as defined in Rule 13d-3 under the
Securities Exchange Act of 1934) of 9,038,445 shares of common stock of the Company (the Acquisition).
Item 4. Purpose of
Transaction.
The purpose of the Acquisition is to implement Ms. Boyles estate plans as set forth in the terms of the trust agreement
governing the Trust.
The reporting persons have plans to dispose of shares of common stock of the Company in connection with implementing
Ms. Boyles estate plans and satisfying certain of the Trusts liabilities, and the reporting persons otherwise have no plans or proposals which relate to or would result in any the transactions set forth in Item 4(a)-(j) of Schedule
13D.
Item 5. Interest in Securities of the Issuer.
For purposes of Section 13(d) of the Securities Exchange Act of 1934, the Trust beneficially owns 9,038,445 shares of common stock of the Company. Such
shares represent approximately 13.4% of the 67,525,997 shares of common stock of the Company outstanding as of October 25, 2019 (as set forth in the Companys quarterly report on Form 10-Q for the
quarterly period ended September 30, 2019). The Trust has sole power to vote and direct the voting and dispose and direct the disposition of the shares the Trust beneficially owns.
For purposes of Section 13(d) of the Securities Exchange Act of 1934, Ms. Bany beneficially owns 10,996,999 shares of common stock of the Company
(which includes the 9,038,445 shares that the Trust beneficially owns). The 10,996,999 shares that Ms. Bany beneficially owns represents approximately 16.3% of the 67,525,997 shares of common stock of the Company outstanding as of
October 25, 2019 (as set forth in the Companys quarterly report on Form 10-Q for the quarterly period ended September 30, 2019). Ms. Bany has sole power to vote and direct the voting and
dispose and direct the disposition of the shares she beneficially owns.
Neither Ms. Bany nor the Trust has effected any transactions in shares of
common stock of the Company during the past 60 days other than the Acquisition.
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