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lululemon athletica inc. Director's Dealing 2011

May 3, 2011

30272_dirs_2011-05-03_4e7227d2-7dfb-417a-bae3-c9a59bc1aa6c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (lulu)
CIK: 0001397187
Period of Report: 2011-04-28

Reporting Person: STEMBERG THOMAS (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-28	Common Stock	G	200	—	Disposed	11892	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	930	Indirect

Footnotes

F1: These securities are owned in trust and were received by such trust in a distribution made on a pro rata basis from Highland Entrepreneurs Fund VI. Limited Partnership and from Highland Management Partners VI Limited Partnership for no consideration in a transaction exempt under Rule 16a-9a.