X0306 4 2019-01-09 0 0001397187 lululemon athletica inc. LULU 0001407029 Wilson Dennis J. 21 WATER STREET, SUITE 600 VANCOUVER A1 V6B 1A1 BRITISH COLUMBIA, CANADA 0 0 1 0 Common Stock 3852 D Common Stock 2019-01-09 4 S 0 292107 135.99 D 7286751 I By LIPO Investments (USA) Inc. Common Stock 2019-01-09 4 S 0 552555 136.81 D 6734196 I By LIPO Investments (USA) Inc. Common Stock 2019-01-09 4 S 0 2338 137.50 D 6731858 I By LIPO Investments (USA) Inc. Common Stock 2019-01-10 4 S 0 198974 130.76 D 6532884 I By LIPO Investments (USA) Inc. Common Stock 2019-01-10 4 S 0 769194 131.38 D 5763690 I By LIPO Investments (USA) Inc. Common Stock 2019-01-10 4 S 0 31832 132.13 D 5731858 I By LIPO Investments (USA) Inc. Common Stock 2019-01-11 4 S 0 245093 131.25 D 5486765 I By LIPO Investments (USA) Inc. Common Stock 2019-01-11 4 S 0 372412 132.24 D 5114353 I By LIPO Investments (USA) Inc. Common Stock 2019-01-11 4 S 0 88492 132.76 D 5025861 I By LIPO Investments (USA) Inc. Exchangeable Shares of Lulu Canadian Holding, Inc. 0.00 Common Stock 9415677 9415677 I By Anamered Investments Inc. Exchangeable Shares of Lulu Canadian Holding, Inc. 0.00 Common Stock 268984 268984 I By Shannon Wilson Exchangeable Shares of Lulu Canadian Holding, Inc. 0.00 Common Stock 91760 91760 I By Five Boys Investments ULC The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $135.50 to $136.49, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $136.50 to $137.40, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.00 to $130.99, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (3) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.00 to $131.97, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (4) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.00 to $132.40, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (5) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $130.69 to $131.68, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (6) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $131.70 to $132.69, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (7) to this Form 4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $132.70 to $132.91, inclusive. The reporting person undertakes to provide to lululemon athletica inc., any security holder of lululemon athletica inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (8) to this Form 4. Immediately exchangeable for shares of lululemon common stock on a 1-to-1 ratio. No expiration date. /s/ Dennis J. Wilson 2019-01-11