lululemon athletica inc. — Director's Dealing 2018

Feb 14, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: lululemon athletica inc. (LULU)
CIK: 0001397187
Period of Report: 2018-02-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-12	Common Stock	S	223971	$76.98	Disposed	10104887	Indirect
2018-02-12	Common Stock	S	498163	$77.69	Disposed	9606724	Indirect
2018-02-13	Common Stock	S	827866	$77.25	Disposed	8778858	Indirect
2018-02-14	Common Stock	S	1200000	$75.92	Disposed	7578858	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3852	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Exchangeable Shares of Lulu Canadian Holding, Inc.	$0.00		Common Stock (9415677)	9415677	Direct
Exchangeable Shares of Lulu Canadian Holding, Inc.	$0.00		Common Stock (268984)	268984	Indirect
Exchangeable Shares of Lulu Canadian Holding, Inc.	$0.00		Common Stock (91760)	91760	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.80 to $77.33, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

F2: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $77.34 to $78.33, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.

F3: The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $76.95 to $77.57, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4.

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

F5: No expiration date.

F6: Reflects forfeiture of restricted stock award for 3,268 shares granted June 16, 2014 that was forfeited upon Mr. Wilson ceasing to be a director of lululemon athletica inc. as of February 2, 2015.