lululemon athletica inc. — Director's Dealing 2012

Feb 22, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (lulu)
CIK: 0001397187
Period of Report: 2012-02-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-17	Common Stock	A	401	—	Acquired	401	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-17	Stock Option (Right to Buy)	$65.01	A	809	Acquired	2019-02-17	Common Stock (809)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10328858	Indirect

Footnotes

F1: The reporting person received a restricted stock award that will vest as to 100% on February 17, 2013.

F2: These options shall vest as to 100% on August 17, 2012.