lululemon athletica inc. — Director's Dealing 2011

Sep 21, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (lulu)
CIK: 0001397187
Period of Report: 2011-09-19

Reporting Person: MARTIN R BRAD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-09-19	Common Stock	M	3862	$9	Acquired	22220	Direct
2011-09-19	Common Stock	S	3862	$59.02	Disposed	18358	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-09-19	Stock Option (Right to Buy)	$9	M	3862	Disposed	2017-07-25	Common Stock (3862)	Direct

Footnotes

F1: Number reflects a 2-for-1 forward stock split conducted by the issuer that was legally effective on July 1, 2011.

F2: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $59.00 to $59.04, inclusive. For all transactions reported in the Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares at each price within the range.

F3: These options vested as to 25% per year on each of July 26, 2008, July 26, 2009, July 26, 2010 and July 26, 2011.