This Amendment No. 4 to Schedule 13D amends and restates in its entirety the Schedule 13D filed by
Sarah A. Bany and the Gertrude Boyle Trust on November 13, 2019 (as it was previously amended and restated by an Amendment No. 1 thereto filed on June 11, 2020, an Amendment No. 2 thereto filed on July 23, 2020 and an
Amendment No. 3 thereto filed on July 31, 2020).
Item 1.
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Security and Issuer
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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.
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Identity and Background
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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 was a member of the board of directors of the Company, but she resigned as a director effective
December 9, 2019 based on personal reasons and not due to any disagreement with the Company on any matter relating to its operations, policies or practices (as reported in the Companys Form 8-K
filed on December 10, 2019). Ms. Bany 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.
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Sources and Amount of Funds or Other Consideration.
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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). From November 3, 2019 through the date of the filing of this statement, the Trust has from time to time sold on the open market or in private sales or distributed to beneficiaries of
the Trust, in the aggregate, 3,230,062 shares of common stock of the Company (the Dispositions). All of the Dispositions have previously been reported from time to time in Form 4s filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934.
Item 4.
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Purpose of Transaction.
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The purpose of the Acquisition and the Dispositions 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.
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