X0306 4 2020-03-27 0 0001403568 Ulta Beauty, Inc. ULTA 0001277233 CHILDS JEFFREY J 1000 REMINGTON BLVD SUITE 120 BOLINGBROOK IL 60440 0 1 0 0 Chief Human Resources Officer Common Stock 2020-03-27 4 A 0 633 0 A 7691 D Common Stock 2020-03-27 4 A 0 1693 0 A 9384 D Stock Option (right to buy) 174.45 2020-03-27 4 A 0 5428 0 A 2030-03-27 Common Stock 5428 5428 D Represents 633 performance-based restricted share units, which were awarded on March 29, 2018 under the Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan. Each performance-based restricted share unit represents the right to one share of common stock, which vested based on satisfaction of certain performance goals and a time-based service vesting restriction which lapses on March 15, 2021, subject to continued employment. The Company's compensation committee certified on March 27, 2020 that the performance vesting goals were satisfied. Represents grant of 1,693 shares of restricted stock, vesting 100% on March 15, 2023. The options, representing an initial right to purchase a total of 5,428 shares, vesting in 25% annual increments beginning March 15, 2021 and each anniversary thereafter through March 15, 2024. /s/ Jodi J. Caro, as attorney-in-fact for Jeffrey J. Childs 2020-03-31