lululemon athletica inc. — Director's Dealing 2012

Dec 26, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (LULU)
CIK: 0001397187
Period of Report: 2012-12-21

Reporting Person: COSTIN ROANN (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-21	Common Stock	S	15000	$76.0007	Disposed	24126	Direct
2012-12-21	Common Stock	M	15442	$9	Acquired	39568	Direct
2012-12-21	Common Stock	S	15442	$76.0888	Disposed	24126	Direct
2012-12-21	Common Stock	M	15924	$6.915	Acquired	40050	Direct
2012-12-21	Common Stock	S	15924	$75.7079	Disposed	24126	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-21	Stock Option (Right to Buy)	$9	M	15442	Disposed	2017-07-25	Common Stock (15442)	Direct
2012-12-21	Stock Option (Right to Buy)	$6.915	M	15924	Disposed	2016-06-15	Common Stock (15924)	Direct

Footnotes

F1: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $76.00 to $76.0298, inclusive. For all transactions reported in this 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 sold at each price within the range.

F2: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $76.01 to $76.21, inclusive. For all transactions reported in this 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 sold at each price within the range.

F3: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $75.68 to $75.7401, inclusive. For all transactions reported in this 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 sold at each price within the range.

F4: These options vested as to 25% on each of July 26, 2008, July 26, 2009, July 26, 2010 and July 26, 2011.

F5: These options vested as to 25% on each of June 15, 2010, June 15, 2011 and June 15, 2012, and shall vest as to 25% on June 15, 2013.