lululemon athletica inc. — Director's Dealing 2012

Dec 12, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (LULU)
CIK: 0001397187
Period of Report: 2012-12-10

Reporting Person: Day Christine McCormick (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-10	Common Stock	M	2334	$16.16	Acquired	37566	Direct
2012-12-10	Common Stock	S	2334	$73	Disposed	35232	Direct
2012-12-11	Common Stock	M	17666	$16.16	Acquired	52898	Direct
2012-12-11	Common Stock	S	17666	$73	Disposed	35232	Direct
2012-12-11	Common Stock	M	30000	$11.75	Acquired	65232	Direct
2012-12-11	Common Stock	S	30000	$72.2505	Disposed	35232	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-10	Stock Option (Right to Buy)	$16.16	D	2334	Disposed	2020-01-07	Common Stock (2334)	Direct
2012-12-11	Stock Option (Right to Buy)	$16.16	D	17666	Disposed	2020-01-07	Common Stock (17666)	Direct
2012-12-11	Stock Option (Right to Buy)	$11.75	D	30000	Disposed	2016-09-14	Common Stock (30000)	Direct

Footnotes

F1: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $72.25 to $72.30 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: These options vested as to 25% per year on each of January 7, 2011 and January 7, 2012, and shall vest as to 25% on each of January 7, 2013 and January 7, 2014.

F3: These options vested as to 25% per year on each of September 14, 2010, September 14, 2011 and September 14, 2012, and will vest as to 25% on September 14, 2013.