UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. __)* Columbia Sportswear Company - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 198516 10 6 ------------------------------ (CUSIP Number) - -------------------------------------------------------------------------------- (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 CUSIP No. 198516 10 6 - -------------------------------------------------------------------------------- 1. Names of Reporting Persons I.R.S. Identification Nos. of above persons (entities only). Sarah Bany ........................................................................ - -------------------------------------------------------------------------------- 2. Check the Appropriate Box if a Member of a Group (See Instructions) (a) [ ] (b) [ X ] - -------------------------------------------------------------------------------- 3. SEC Use Only ........................................................... - -------------------------------------------------------------------------------- 4. Citizenship or Place of Organization United States of America ........................................................................ - -------------------------------------------------------------------------------- 5. Sole Voting Power Number of 3,220,100 Shares ..................................................... -------------------------------------------------------- Beneficially 6. Shared Voting Power Owned by 122,790 ..................................................... Each -------------------------------------------------------- 7. Sole Dispositive Power Reporting 3,220,100 Person ..................................................... -------------------------------------------------------- With: 8. Shared Dispositive Power 122,790 ..................................................... - -------------------------------------------------------------------------------- 9. Aggregate Amount Beneficially Owned by Each Reporting Person 3,342,890 ........................................................................ - -------------------------------------------------------------------------------- 10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ] - -------------------------------------------------------------------------------- 11. Percent of Class Represented by Amount in Row (11) 13.2% ......................................................................... - -------------------------------------------------------------------------------- 12. Type of Reporting Person (See Instructions) 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 6600 North Baltimore, Portland, Oregon 97203. Item 2. Reporting Person and Security (a) This Statement is filed by Ms. Sarah Bany, an individual. (b) Ms. Bany's business address is 6600 North Baltimore, Portland, Oregon 97203. (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) Not applicable. 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 3,342,890 shares of Issuer Common Stock. This amount includes (i) 657,750 shares held in two grantor retained annuity trusts for which Ms. Bany is trustee and income beneficiary, (ii) 118,000 shares held in trust, of which Ms. Bany's husband is trustee, for the benefit of Ms. Bany's children, and (iii) 4,790 shares held by the Marie Lamfrom Charitable Foundation of which Ms. Bany is a trustee. (b) Ms. Bany's beneficial ownership of Issuer Common Stock represented approximately 13.2% of the 25,247,343 issued and outstanding shares of such stock as of November 12, 1998, as reported in the Issuer's most recent quarterly report. (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 3,220,100 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 122,790 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 3,220,100 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 122,790 shares. Page 3 of 5 pages 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. Certification 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 15, 1999 ----------------------------------------- Date SARAH BANY ----------------------------------------- Sarah Bany Page 5 of 5 pages