X0306 4 2016-08-30 0 0001403568 Ulta Salon, Cosmetics & Fragrance, Inc. ULTA 0001340358 Dillon Mary 1000 REMINGTON BLVD., SUITE 120 BOLINGBROOK IL 60440 1 1 0 0 Chief Executive Officer Common Stock 2016-08-30 4 M 0 28920 97.89 A 76089 D Common Stock 2016-08-30 4 S 0 28920 245.68 D 47169 D Common Stock 2016-08-31 4 M 0 18517 99.01 A 65686 D Common Stock 2016-08-31 4 M 0 10000 99.01 A 75686 D Common Stock 2016-08-31 4 M 0 4545 97.89 A 80231 D Common Stock 2016-08-31 4 S 0 22965 245.80 D 57266 D Stock Option (right to buy) 97.89 2016-08-30 4 M 0 28920 0.00 D 2024-03-28 Common Stock 28920 38011 D Stock Option (right to buy) 99.01 2016-08-31 4 M 0 18517 0.00 D 2023-07-01 Common Stock 18517 6173 D Stock Option (right to buy) 99.01 2016-08-31 4 M 0 10000 0.00 D 2023-07-01 Common Stock 10000 15000 D Stock Option (right to buy) 97.89 2016-08-31 4 M 0 4545 0.00 D 2024-03-28 Common Stock 4545 33466 D Weighted average price based on trades completed with prices between $245.00 and $246.40. Reporting person shall undertake to provide a report of the shares sold at each price within the rage upon request of the SEC staff, the issuer or any security holder of the issuer. Weighted average price based on trades completed with prices between $244.15 and $247.81. Reporting person shall undertake to provide a report of the shares sold at each price within the rage upon request of the SEC staff, the issuer or any security holder of the issuer. The options, representing a right to purchase a total of 66,931 shares, vest 25% beginning on 3/16/2015 and each anniversary date thereafter. The options, representing a right to purchase a total of 24,690 shares, vest 25% on each anniversary date of the 07/01/2013 grant date. The options, representing a right to purchase a total of 25,000 shares, vest 20% on the first anniversary of the 07/01/2013 grant date, 20% on the third anniversary of the grant date, and 60% on the fifth anniversary of the grant date. /s/ Jodi J. Caro, as attorney-in-fact for Mary N. Dillon 2016-09-01