X0202 4 2007-07-26 0001397187 lululemon athletica inc. LULU 0001407025 Pitcher Rhoda M. 860 NE 23RD PLACE CLYDE HILL WA 98004 1 0 0 0 Common Stock 2007-07-26 4 J 0 69361 A 69361 D Common Stock 2007-07-26 4 A 0 1666 0 A 71027 D Common Stock 2007-07-26 4 P 0 45000 18.00 A 116027 D Series A Preferred Stock 2007-07-26 4 J 0 250 0 D Common Stock 69361 0 D Stock Option (Right to Buy) .49 2007-07-26 4 J 0 10078 0 D 2016-01-26 Common Stock 10078 0 D Stock Option (Right to Buy) .49 2007-07-26 4 J 0 10078 0 A 2016-01-26 Common Stock 10078 10078 D Stock Option (Right to Buy) .60 2007-07-26 4 J 0 45903 0 D 2016-01-26 Common Stock 45903 0 D Stock Option (Right to Buy) .60 2007-07-26 4 J 0 45903 0 A 2016-01-26 Common Stock 45903 45903 D Stock Option (Right to Buy) 18.00 2007-07-26 4 A 0 7721 0 A 2017-07-25 Common Stock 7721 7721 D Shares of Series A Preferred Stock were exchanged for common stock of the Issuer on the effective date of the Issuer's initial public offering in a corporate reorganization exempt from Section 16(b) under Rules 16b-7 and 16b-3. Immediately exercisable. No expiration date. Ms. Pitcher held stock options to purchase 23,500 shares of common stock of Lululemon Athletica USA, Inc., a subsidiary of the Issuer, at $0.21 per share. These options were exchanged in a corporate reorganization of the Issuer in a transaction exempt from Section 16(b) under Rules 16b-7 and 16b-3, for stock options to purchase the number of shares of the Issuer's common stock shown in the table, at the exercise price shown in the table. These options are 25% vested as of the date hereof and will vest 25% on each of January 27, 2008, January 27, 2009 and January 27, 2010. These stock options to purchase shares of common stock of the Issuer were issued in exchange for stock options to purchase shares of common stock of Lululemon Athletica USA, Inc. in connection with a corporate reorganization of the Issuer in a transaction exempt from Section 16(b) under Rules 16b-7 and 16b-3. Ms. Pitcher held stock options to purchase 23,500 shares of common stock of Lululemon Athletica, Inc., a subsidiary of the Issuer, at $1.18 per share. These options were exchanged in a corporate reorganization of the Issuer in a transaction exempt from Section 16(b) under Rules 16b-7 and 16b-3, for stock options to purchase the number of shares of the Issuer's common stock shown in the table, at the exercise price shown in the table. These stock options to purchase shares of common stock of the Issuer were issued in exchange for stock options to purchase shares of common stock of Lululemon Athletica, Inc. in connection with a corporate reorganization of the Issuer in a transaction exempt from Section 16(b) under Rules 16b-7 and 16b-3. These options will vest 25% per year on each of July 26, 2008, July 26, 2009, July 26, 2010 and July 26, 2011. /s/ Rhoda M. Pitcher 2007-07-26