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COLUMBIA BANKING SYSTEM, INC. Director's Dealing 2011

Mar 2, 2011

30766_dirs_2011-03-02_604bc600-4c21-4c94-b77b-f95bbb9d0b69.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLUMBIA BANKING SYSTEM INC (COLB)
CIK: 0000887343
Period of Report: 2011-02-28

Reporting Person: McDonald Andy (Executive Vice President)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-02-28 Common Stock S 2000 $20.07 Disposed 18223 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 4328 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Non-Qualified Stock Option (Right to Buy) $21.66 2012-05-26 Common Stock (5000) 5000 Direct