X0306 4 2014-09-09 0 0001397187 lululemon athletica inc. LULU 0001407029 Wilson Dennis J. 400 - 1818 CORNWALL AVENUE VANCOUVER A1 V6J 1C7 BRITISH COLUMBIA, CANADA 1 0 1 0 Common Stock 7120 D Common Stock 10328858 I By LIPO Investments (USA) Inc Common Stock 2014-09-09 4 C 0 20105279 A 20105279 I By W51008759 Holdings Ltd. Common Stock 2014-09-09 4 G 0 1735000 0 D 18370279 I By W51008759 Holdings Ltd. Common Stock 2014-09-09 4 S 0 18370279 42 D 0 I By W51008759 Holdings Ltd. Exchangeable Shares of Lulu Canadian Holding, Inc. 0 Common Stock 9415677 9415677 D Exchangeable Shares of Lulu Canadian Holding, Inc. 0 2014-09-09 4 C 0 20105279 0 D Common Stock 20105279 0 I By W51008759 Holdings Ltd. Exchangeable Shares of Lulu Canadian Holding, Inc. 0 Common Stock 268984 268984 I By Shannon Wilson Exchangeable Shares of Lulu Canadian Holding, Inc. 0 Common Stock 91760 91760 I By Five Boys Investments ULC Shares surrendered on conversion of exchangeable shares of Lulu Canadian Holding, Inc. for shares of lululemon athletica inc. for no consideration, exempt under Rule 16b-6b. Immediately exchangeable for shares of lululemon common stock on a 1-to-1 ratio. No expiration date. Reflects the transfer by the reporting person to W51008759 Holdings Ltd. (f/k/a 1008759 B.C. Ltd.), an entity beneficially owned by the reporting person, of 20,105,279 exchangeable common shares of Lulu Canadian Holding, Inc. in a transaction exempt pursuant to Rule 16a-13. The reported transaction reflects the reporting person's gift of shares of lululemon athletica inc. to a registered charity for philanthropic purposes. The shares were subsequently sold by the registered charity pursuant to a Stock Purchase Agreement dated August 7, 2014, by and among the reporting person, the registered charity, affiliates of Advent International and the other parties set forth on the signature page thereto. The sale reported in this Form 4 was effected pursuant to a Stock Purchase Agreement dated August 7, 2014, by and among the reporting person, affiliates of Advent International and the other parties set forth on the signature page thereto. /s/ Dennis J. Wilson by Winston Cummins, Attorney-in-Fact 2014-09-10