Ulta Beauty, Inc. — Director's Dealing 2021

Dec 9, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ulta Beauty, Inc. (ULTA)
CIK: 0001403568
Period of Report: 2021-12-08

Reporting Person: Dillon Mary N (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-12-08	Common Stock	M	50000	$164.06	Acquired	101757	Direct
2021-12-08	Common Stock	S	4481	$408.6614	Disposed	97276	Direct
2021-12-08	Common Stock	S	5095	$409.8035	Disposed	92181	Direct
2021-12-08	Common Stock	S	29408	$410.5169	Disposed	62773	Direct
2021-12-08	Common Stock	S	7193	$411.5467	Disposed	55580	Direct
2021-12-08	Common Stock	S	2246	$412.4673	Disposed	53334	Direct
2021-12-08	Common Stock	S	1577	$413.4661	Disposed	51757	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-08	Stock Option (right to buy)	$164.06	M	50000	Disposed	2025-09-15	Common Stock (50000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	77200	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. The actual sale prices for these transactions ranged from $408.215 to $409.215. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

F2: The price reported in Column 4 is a weighted average price. The actual sale prices for these transactions ranged from $409.23 to $410.225. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

F3: The price reported in Column 4 is a weighted average price. The actual sale prices for these transactions ranged from $410.25 to $411.25. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

F4: The price reported in Column 4 is a weighted average price. The actual sale prices for these transactions ranged from $411.255 to $412.13. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

F5: The price reported in Column 4 is a weighted average price. The actual sale prices for these transactions ranged from $412.26 to $412.95. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

F6: The price reported in Column 4 is a weighted average price. The actual sale prices for these transactions ranged from $413.31 to $413.98. The reporting person will provide the issuer, any security holder of the issuer, or the SEC staff, upon request, full information regarding the number of shares sold at each separate price within the range.

F7: Shares held by the Mary N. Dillon Trust U/A DTD 3/31/2017.

F8: The options vested 25% on 9/15/2018 and on each anniversary date thereafter.