X0306 4 2019-03-29 0 0001397187 lululemon athletica inc. LULU 0001691847 BURGOYNE CELESTE C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVE VANCOUVER A1 V6J 1C7 BRITISH COLUMBIA, CANADA 0 1 0 0 EVP Americas Common Stock 2019-03-29 4 M 0 2500 11.75 A 18019 D Common Stock 2019-03-29 4 M 0 585 76.49 A 18604 D Common Stock 2019-03-29 4 M 0 600 57.88 A 19204 D Common Stock 2019-03-29 4 M 0 1044 52.59 A 20248 D Common Stock 2019-03-29 4 M 0 2486 44.2 A 22734 D Common Stock 2019-03-29 4 M 0 848 64.83 A 23582 D Common Stock 2019-03-29 4 M 0 259 66.07 A 23841 D Common Stock 2019-03-29 4 M 0 1976 53.79 A 25817 D Common Stock 2019-03-29 4 M 0 2613 68.69 A 28430 D Common Stock 2019-03-29 4 S 0 12652 167.07 D 15778 D Common Stock 2019-03-29 4 S 0 259 167.91 D 15519 D Common Stock 2019-03-29 4 S 0 6288 165.41 D 9231 D Stock Option (Right to Buy) 11.75 2019-03-29 4 M 0 2500 0 D 2019-09-14 Common Stock 2500 0 D Stock Option (Right to Buy) 76.49 2019-03-29 4 M 0 585 0 D 2019-09-11 Common Stock 585 0 D Stock Option (Right to Buy) 57.88 2019-03-29 4 M 0 600 0 D 2020-12-16 Common Stock 600 0 D Stock Option (Right to Buy) 52.59 2019-03-29 4 M 0 1044 0 D 2021-03-31 Common Stock 1044 0 D Stock Option (Right to Buy) 44.2 2019-03-29 4 M 0 2486 0 D 2021-09-15 Common Stock 2486 0 D Stock Option (Right to Buy) 64.83 2019-03-29 4 M 0 848 0 D 2022-03-30 Common Stock 848 282 D Stock Option (Right to Buy) 66.07 2019-03-29 4 M 0 259 0 D 2022-06-11 Common Stock 259 86 D Stock Option (Right to Buy) 53.79 2019-03-29 4 M 0 1976 0 D 2022-09-14 Common Stock 1976 0 D Stock Option (Right to Buy) 68.69 2019-03-29 4 M 0 2613 0 D 2023-04-01 Common Stock 2613 2612 D The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.74 to $167.69, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, 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 stated in footnotes (1) and (2) to this Form 4. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.15 to $165.52, inclusive. These options vested as to 25% on each of September 14, 2010, September 14, 2011, September 14, 2012, and September 14, 2013. These options vested as to 25% on each of September 11, 2013, September 11, 2014, September 11, 2015, and September 11, 2016. These options vested as to 25% on each of December 16, 2014, December 16, 2015, December 16, 2016, and December 16, 2017. These options vested as to 25% on each of March 31, 2015, March 31, 2016, March 31, 2017, and March 31, 2018. These options vested as to 25% on each of September 15, 2015, September 15, 2016, September 15, 2017, and September 15, 2018. These options vested as to 25% on each of March 30, 2016, March 30, 2017, March 30, 2018, and March 30, 2019. These options vested as to 25% on each of June 11, 2016, June 11, 2017 and June 11, 2018. An additional 25% shall vest on June 11, 2019, subject to the reporting person's continued employment or association with the issuer through each such date. These options vested as to 25% on each of September 14, 2016, September 14, 2017, September 14, 2018. An additional 25% shall vest on September 14, 2019, subject to the reporting person's continued employment or association with the issuer through each such date. These options vested as to 25% on each of April 1, 2017, April 1, 2018 and April 1, 2019. An additional 25% shall vest on April 1, 2020, subject to the reporting person's continued employment or association with the issuer through each such date. /s/ Celeste Burgoyne by Erin Nicholas, Attorney-in-Fact 2019-04-02