FORM 4
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
/ X / Check this box if no longer subject to Section 16. Form 4 of Form 5
obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person
LAKE OSWEGO BREWING COMPANY
(FKA SAXER BREWING COMPANY)
5875 S.W. LAKE VIEW BLVD.
LAKE OSWEGO, OR 97035
2. Issuer Name and Ticker or Trading Symbol
PORTLAND BREWING COMPANY
3. IRS or Social Security Number of Reporting Person (Voluntary)
EIN 93-1058249
4. Statement for Month/Year
12/00
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all Applicable)
/ / Director
/ / Officer (give title below)
/X/ 10% Owner
/ / Other (specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
/X/ Form filed by One Reporting Person
/ / Form filed by More than One Report Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)
COMMON STOCK
2. Transaction Date (Month/Day/Year)
12/28/00
3. Transaction Code (Instr. 8)
Code: J(1)
V:
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
Amount: 900,000
(A) or (D): D
Price: $0
5. Amount of Securities Beneficially Owned at End of Month
(Instr. 3 and 4)
0
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
D
7. Nature of Indirect Beneficial Ownership (Instr. 4)
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
* If this form is filed by more than one reporting person,
see Instruction 4(b)(v).
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)
2. Conversion or Exercise Price of Derivative Security
3. Transaction Date (Month/Day/Year)
4. Transaction Code (Instr. 8)
Code:
V:
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
(A):
(D):
6. Date Exercisable and Expiration Date (Month/Day/Year)
Date Exercisable:
Expiration Date:
7. Title and Amount of Underlying Securities (Instr. 3 and 4)
Title:
Amount or Number of Shares:
8. Price of Derivative Security (Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Month
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership (Instr. 4)
Explanation of Responses:
(1) Lake Oswego Brewing Company made a pro rata distribution of the 900,000
shares of Portland Brewing Company to its shareholders on December 28, 2000 in
connection with a Plan of Complete Liquidation and Dissolution dated
December 28 2000.
/s/ Steven C. Goebel 1/04/01
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**Signature of Reporting Person Date
Steven C. Goebel, President
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
SEC 1474 (7/96) in this form are not required to respond unless the form
displays a currently valid OMB number.
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