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lululemon athletica inc. Director's Dealing 2012

Mar 30, 2012

30272_dirs_2012-03-29_3b64fc96-51d0-4b52-bcb9-b136fa5acd4a.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (LULU)
CIK: 0001397187
Period of Report: 2012-03-27

Reporting Person: STEMBERG THOMAS (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2012-03-27 Common Stock M 7722 $9 Acquired 22708 Direct
2012-03-27 Common Stock S 7722 $74.8022 Disposed 14986 Direct
2012-03-27 Common Stock M 2962 $14.29 Acquired 17948 Direct
2012-03-27 Common Stock S 2962 $74.8 Disposed 14986 Direct
2012-03-27 Common Stock M 4308 $6.915 Acquired 19294 Direct
2012-03-27 Common Stock S 4308 $74.8 Disposed 14986 Direct
2012-03-27 Common Stock M 1902 $21.215 Acquired 16888 Direct
2012-03-27 Common Stock S 1902 $74.8 Disposed 14986 Direct
2012-03-27 Common Stock M 1000 $6.915 Acquired 15986 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-03-27 Stock Option (Right to Buy) $9 M 7722 Disposed 2018-07-25 Common Stock (7722) Direct
2012-03-27 Stock Option (Right to Buy) $14.29 M 2962 Disposed 2018-06-03 Common Stock (2962) Direct
2012-03-27 Stock Option (Right to Buy) $6.915 M 5308 Disposed 2016-06-15 Common Stock (5308) Direct
2012-03-27 Stock Option (Right to Buy) $21.215 M 1902 Disposed 2017-06-14 Common Stock (21142) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 1860 Indirect

Footnotes

F1: Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $74.85 to $74.92 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 shares held indirectly through a revocable trust for which the reporting person is he beneficial holder.

F3: These options vested as to 25% on each of July 26, 2008, July 26, 2009, July 26, 2010 and July 26, 2011.

F4: These options vested as to 25% on each of June 4, 2009, June 4, 2010 and June 4, 2011 and shall vest as to 25% on June 4, 2012.

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

F6: These options vested as to 25% on each of June 14, 2011 shall vest as to 25% on each of June 14, 2012, June 14, 2013 and June 14, 2014.