UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 7)*
Columbia Sportswear Company
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
198516 10 6
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(CUSIP Number)
December 31, 2004
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Date of Event Which Requires Filing of this Statement
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[x] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
Page 1 of 5 pages
13G
CUSIP No. 198516 10 6 Page 2 of 5 pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Sarah Bany
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) | |
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY OWNED BY 3,050,338
EACH REPORTING PERSON --------------------------------------------------------
WITH 6 SHARED VOTING POWER
94,000
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7 SOLE DISPOSITIVE POWER
3,050,338
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8 SHARED DISPOSITIVE POWER
94,000
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,144,338
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.9%
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12 TYPE OF REPORTING PERSON*
IN
Page 2 of 5 pages
Item 1. Issuer
(a) The name of the Issuer is Columbia Sportswear Company.
(b) The Issuer's principal executive offices are located at 14375 NW
Science Park Drive, Portland, Oregon 97229.
Item 2. Reporting Person and Security
(a) This Statement is filed by Ms. Sarah Bany, an individual.
(b) Ms. Bany's business address is 14375 NW Science Park Drive,
Portland, Oregon 97229.
(c) Ms. Bany is a citizen of the United States of America.
(d) This Statement relates to shares of Common Stock of Columbia
Sportswear Company.
(e) The CUSIP number assigned to the Common Stock of the Issuer is
198516 10 6.
Item 3. Filings Pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the
person filing is a:
(a) / / Broker of dealer registered under Section 15 of the Exchange
Act;
(b) / / Bank as defined in section 3(a)(6) of the Exchange Act;
(c) / / Insurance company as defined in section 3(a)(19) of the
Exchange Act;
(d) / / Investment company registered under section 8 of the Investment
Company Act of 1940;
(e) / / An investment adviser in accordance with Rule
13d-1(b)(1)(ii)(E);
(f) / / An employee benefit plan or endowment fund in accordance with
Rule 13d-1(b)(1)(ii)(F);
(g) / / A parent holding company or control person, in accordance with
Rule 13d-1(b)(ii)(G);
(h) / / A savings association, as defined in Section 3(b) of the
Federal Deposit Insurance Act;
(i) / / A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment Company
Act of 1940;
(j) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Page 3 of 5 pages
Item 4. Ownership
(a) Under the rules and regulations of the Securities and Exchange
Commission, Ms. Bany may be deemed to be the beneficial owner of a total of
3,144,338 shares of Issuer Common Stock. This amount includes (i) 1,191,320
shares held in four grantor retained annuity trusts for which Ms. Bany is
trustee and income beneficiary; (ii) 94,000 shares held in trust, of which Ms.
Bany's husband is trustee, for the benefit of Ms. Bany's children; and (iii)
28,331 shares which are subject to options currently exercisable or exercisable
within 60 days of December 31, 2004. Pursuant to Rule 13d-4, this filing shall
not be construed as an admission that Ms. Bany is, for the purposes of Section
13(d) or 13(g) of the Act, the beneficial owner of the securities identified in
clause(ii) of this paragraph.
(b) Ms. Bany's beneficial ownership of Issuer Common Stock represented
approximately 7.9% of the 39,967,988 issued and outstanding shares of such stock
as of October 22, 2004. For purposes of computing the percentage of outstanding
securities beneficially owned, the number of shares issued and outstanding is
based on the amount reported in the Issuer's most recently filed quarterly
report and includes those shares subject to Ms. Bany's options.
(c) (i) Of the total amount of shares beneficially owned by Ms.
Bany, Ms. Bany has sole power to vote or direct the vote of 3,050,338 shares.
(ii) Of the total amount of shares beneficially owned by Ms.
Bany, Ms. Bany has shared power to vote or direct the vote of 94,000 shares.
(iii) Of the total amount of shares beneficially owned by Ms.
Bany, Ms. Bany has sole power to dispose or direct the disposition of 3,050,338
shares.
(iv) Of the total amount of shares beneficially owned by Ms.
Bany, Ms. Bany has shared power to dispose or direct the disposition of 94,000
shares.
Item 5. Ownership of Five Percent or Less of a Class
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another Person
Not applicable.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
Not applicable.
Item 8. Identification and Classification of Members of the Group
Not applicable.
Item 9. Notice of Dissolution of Group
Not applicable.
Item 10. Certifications
Not applicable.
Page 4 of 5 pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 11, 2005
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Date
/s/ SARAH BANY
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Sarah Bany
Page 5 of 5 pages