lululemon athletica inc. — Director's Dealing 2012

Jul 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (LULU)
CIK: 0001397187
Period of Report: 2012-06-29

Reporting Person: Wilson Dennis J. (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-29	Common Stock	C	23000	—	Acquired	25141	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-29	Exchangeable Shares of Lulu Canadian Holding, Inc.	$	C	23000	Disposed		Common Stock (23000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10328858	Indirect

Footnotes

F1: Shares obtained on conversion of exchangeable shares of Lulu Canadian Holding, Inc. for shares of lululemon athletica inc. for no consideration, exempt under 16b-6b.

F2: 1 for 1 exchange ratio.

F3: Shares surrendered on conversion of exchangeable shares of Lulu Canadian Holding, Inc. for shares of lululemon athletica inc. for no consideration, exempt under Rule 16b-6b.

F4: Immediately exchangeable for shares of lululemon common stock on a 1-to-1 ratio.

F5: No expiration date.