Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
OSBORNE ALFRED E JR
   2. Issuer Name and Ticker or Trading Symbol
K2 INC [KTO] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
THE ANDERSON SCHOOL AT UCLA, 110 WESTWOOD PLAZA, SUITE C305		 3. Date of Earliest Transaction (Month/Day/Year)
04/28/2005
(Street)

LOS ANGELES, CA 900951481		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $1 par               33,500 D  

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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) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $12.51 $ 12.51 04/28/2005   A   7,500   04/28/2005 04/28/2015 Common Stock, $1 par 7,500 $ 12.51 7,500 D  
Stock Option (Right to Buy) $10.06 (d) $ 10.06             01/23/2003 01/23/2013 Common Stock, $1 par 5,000   5,000 D  
Stock Option (Right to Buy) $13.69 $ 13.69             05/19/2004 05/18/2014 Common Stock, $1 par 5,000   5,000 D  
Stock Option (right to buy) $15.34 $ 15.34             01/06/2004 01/05/2014 Common Stock, $1 par 5,000   5,000 D  
Stock Option (Right to Buy) $7.125 (d) $ 7.125             01/04/2000 01/04/2011 Common Stock, $1 par 10,000   10,000 D  
Stock Option (Right to Buy) $7.30 (d) $ 7.3             01/02/2002 01/02/2012 Common Stock, $1 par 5,000   5,000 D  
Stock Option (Right to Buy) $7.75 (d) $ 7.75             01/05/2001 01/05/2011 Common Stock, $1 par 5,000   5,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
OSBORNE ALFRED E JR
THE ANDERSON SCHOOL AT UCLA
110 WESTWOOD PLAZA, SUITE C305
LOS ANGELES, CA 900951481		   X      

Signatures

 By: Diana Crawford on behalf of Alfred E. Osborne, Jr.   04/29/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** 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 is insufficient, see Instruction 6 for procedure.

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