lululemon athletica inc. — Director's Dealing 2012

Jun 14, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (LULU)
CIK: 0001397187
Period of Report: 2012-06-11

Reporting Person: MORFITT MARTHA A M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-06-11	Common Stock	A	1740	—	Acquired	29636	Direct
2012-06-11	Common Stock	M	10666	$3.565	Acquired	40302	Direct
2012-06-11	Common Stock	M	10616	$6.915	Acquired	50918	Direct
2012-06-11	Common Stock	M	1902	$21.215	Acquired	52820	Direct
2012-06-11	Common Stock	M	1214	$48.36	Acquired	54034	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-06-11	Stock Option (Right to Buy)	$3.565	M	10666	Disposed	2018-12-15	Common Stock (10666)	Direct
2012-06-11	Stock Option (Right to Buy)	$6.915	M	10616	Disposed	2016-06-15	Common Stock (10616)	Direct
2012-06-11	Stock Option (Right to Buy)	$21.215	M	1902	Disposed	2017-06-14	Common Stock (1902)	Direct
2012-06-11	Stock Option (Right to Buy)	$48.36	M	1214	Disposed	2018-12-05	Common Stock (1214)	Direct

Footnotes

F1: The reporting person received a restricted stock award that will vest as to 100% on the earlier of (a) June 11, 2013, or (b) the date of the Company's 2013 annual meeting of stockholders.

F2: These options vested as to 25% on each of December 15, 2009, December 15, 2010, December 15, 2011 and shall vest as to 25% on December 15, 2012.

F3: These options vested as to 25% on each of June 15, 2010 and June 15, 2011 and shall vest as to 25% on each of June 15, 2012 and June 15, 2013.

F4: These options vested as to 25% on June 14, 2011 and shall vest as to 25% on June 14, 2012, June 14, 2013 and June 14, 2014.

F5: These options vested as to 100% on June 5, 2012.