lululemon athletica inc. — Director's Dealing 2012

Dec 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (LULU)
CIK: 0001397187
Period of Report: 2012-12-18

Reporting Person: Pitcher Rhoda M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-18	Common Stock	M	3862	$9	Acquired	47218	Direct
2012-12-18	Common Stock	S	3862	$76	Disposed	43356	Direct
2012-12-18	Common Stock	M	2964	$14.29	Acquired	46320	Direct
2012-12-18	Common Stock	S	2964	$76.0735	Disposed	43356	Direct
2012-12-18	Common Stock	M	5308	$6.915	Acquired	48664	Direct
2012-12-18	Common Stock	S	5308	$76.3081	Disposed	43356	Direct
2012-12-18	Common Stock	M	1904	$21.215	Acquired	45260	Direct
2012-12-18	Common Stock	S	1904	$76.1851	Disposed	43356	Direct
2012-12-18	Common Stock	M	1214	$48.36	Acquired	44570	Direct
2012-12-18	Common Stock	S	1214	$76.2384	Disposed	43356	Direct
2012-12-18	Common Stock	M	1214	$45.75	Acquired	44570	Direct
2012-12-18	Common Stock	S	1214	$76	Disposed	43356	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-18	Stock Option (Right to Buy)	$9	M	3862	Disposed	2017-07-26	Common Stock (3862)	Direct
2012-12-18	Stock Option (Right to Buy)	$14.29	M	2964	Disposed	2018-06-03	Common Stock (2964)	Direct
2012-12-18	Stock Option (Right to Buy)	$6.915	M	5308	Disposed	2016-06-15	Common Stock (5308)	Direct
2012-12-18	Stock Option (Right to Buy)	$21.215	M	1904	Disposed	2017-06-14	Common Stock (1904)	Direct
2012-12-18	Stock Option (Right to Buy)	$48.36	M	1214	Disposed	2018-12-05	Common Stock (1214)	Direct
2012-12-18	Stock Option (Right to Buy)	$45.75	M	1214	Disposed	2018-06-14	Common Stock (1214)	Direct

Footnotes

F1: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $76.00 to $76.1957, 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 $76.1957 to $76.34, 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 $76.16 to $76.34, 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: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $76.16 to $76.26, 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.

F5: These options vested as to 25% per year on each of July 26, 2008, July 26, 2009, July 26, 2010, and July 26, 2011.

F6: These options vested as to 25% of each of June 4, 2009, June 4, 2010, June 4, 2011 and June 4, 2012.

F7: These options vested as to 25% per year on each of June 15, 2010, June 15, 2011 and June 15, 2012, and shall vest as to 25% on June 15, 2013.

F8: These options vested as to 25% per year on each of June 14, 2011 and June 14, 2012, and shall vest as to 25% on each of June 14, 2013 and June 14, 2014.

F9: These options vested as to 100% on June 5, 2012.

F10: These options vested as to 100% on June 14, 2012.