X0306 4 2020-04-27 0 0001397187 lululemon athletica inc. LULU 0001407029 Wilson Dennis J. 21 WATER STREET, SUITE 600 VANCOUVER A1 V6B 1A1 BRITISH COLUMBIA, CANADA 0 0 0 1 Director by deputization Common Stock 3852 D Common Stock 4825861 I By LIPO Investments (USA) Inc. Common Stock 2020-04-27 4 C 0 89455 A 89455 I By Anamered Investments Inc. Common Stock 2020-04-27 4 S 0 55 227.00 D 89400 I By Anamered Investments Inc. Common Stock 2020-04-27 4 S 0 52058 223.83 D 37342 I By Anamered Investments Inc. Common Stock 2020-04-27 4 S 0 34108 223.31 D 3234 I By Anamered Investments Inc. Common Stock 2020-04-27 4 S 0 3234 222.21 D 0 I By Anamered Investments Inc. Exchangeable Shares of Lulu Canadian Holding, Inc. Common Stock 268984 268984 I By Shannon Wilson Exchangeable Shares of Lulu Canadian Holding, Inc. Common Stock 91760 91760 I By Five Boys Investments ULC Exchangeable Shares of Lulu Canadian Holding, Inc. 2020-04-27 4 C 0 89455 0.00 D Common Stock 89455 5031768 I By Anamered Investments Inc. Shares obtained on conversion of exchangeable shares of Lulu Canadian Holding, Inc. for shares of lululemon athletica Inc. for no consideration exempt under Rule 166-6b. 1 - 1 exchange ratio. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $223.52 to $224.51, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $222.52 to $223.5175, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $221.91 to $222.51, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Immediately exchangable for shares of lululemon common stock on a 1-to-1 ratio. No expiration date. /s/ Dennis J. Wilson 2020-04-28