SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Holman Lee (Last) (First) (Middle) C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE (Street) VANCOUVER A1 V6J 1C7 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 10/21/2015	3. Issuer Name and Ticker or Trading Symbol lululemon athletica inc. [ LULU ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) EVP, Creative Director	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	928	D
Common Stock(2)	1,003	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	(3)	12/15/2021	Common Stock	2,023	$53.87	D
Stock Option (Right to Buy)	(4)	03/30/2022	Common Stock	2,186	$64.83	D
Stock Option (Right to Buy)	(5)	09/14/2022	Common Stock	2,635	$53.79	D

Explanation of Responses:

1. The reporting person received a restricted stock unit award which vests as to 33% on December 15, 2015, 33% on December 15, 2016, and 34% on December 15, 2017, subject to the reporting person's continued employment or association with the issuer through such date.

2. The reporting person received a restricted stock unit award which vests as to 33% on March 30, 2016, 33% on March 30, 2017, and 34% on March 30, 2018, subject to the reporting person's continued employment or association with the issuer through such date.

3. These options shall vest as to 25% on each of December 15, 2015, December 15, 2016, December 15, 2017, and December 15, 2018, subject to the reporting person's continued employment or association with the issuer through each such date.

4. These options shall vest as to 25% on each of March 30, 2016, March 30, 2017, March 30, 2018, and March 30, 2019, subject to the reporting person's continued employment or association with the issuer through each such date.

5. These options shall vest as to 25% on each of September 14, 2016, September 14, 2017, September 14, 2018, and September 14, 2019, subject to the reporting person's continued employment or association with the issuer through each such date.

Remarks:

	/s/ Lee Holman by Winston Cummins, Attorney-in-Fact	10/28/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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