SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Schweitzer Delaney
(Last) (First) (Middle)
C/O LULULEMON ATHLETICA INC
400 - 1818 CORNWALL AVENUE
(Street)
VANCOUVER A1 V6J1C7
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
lululemon athletica inc. [ LULU ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Executive VP Retail Operations
3. Date of Earliest Transaction (Month/Day/Year)
09/19/2013
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/19/2013 M 19,534 A $0.3 29,668 D
Common Stock 09/19/2013 S 18,873 D $74.0993(1) 10,795 D
Common Stock 09/19/2013 S 661 D $74.61 10,134 D
Common Stock 09/19/2013 M 7,500 A $20.61 17,634 D
Common Stock 09/19/2013 S 7,500 D $74.0069(2) 10,134 D
Common Stock 09/19/2013 M 7,500 A $21.325 17,634 D
Common Stock 09/19/2013 S 7,500 D $73.9003(3) 10,134 D
Common Stock 09/19/2013 M 1,875 A $57.25 12,009 D
Common Stock 09/19/2013 S 1,875 D $73.7456(4) 10,134 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $0.3 09/19/2013 M 19,534 (5) 12/27/2016 Common Stock 19,534 $0 0 D
Stock Option (Right to Buy) $20.61 09/19/2013 M 7,500 (6) 03/29/2017 Common Stock 7,500 $0 2,500 D
Stock Option (Right to Buy) $21.325 09/19/2013 M 7,500 (7) 09/13/2017 Common Stock 7,500 $0 2,500 D
Stock Option (Right to Buy) $57.25 09/19/2013 M 1,875 (8) 09/13/2018 Common Stock 1,875 $0 1,875 D
Explanation of Responses:
1. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $73.59 to $74.47, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
2. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $73.89 to $74.30, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
3. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $73.69 to $74.01, inclusive. For all transactions reported in this Form 4 utilizing the weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
4. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $73.73 to $73.85, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, or any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
5. These options vested as to 25% on each of December 27, 2007, December 27, 2008, December 27, 2009, and December 27,2010.
6. These options vested as to 25% on each of March 29, 2011, March 29, 2012, March 29, 2013, and will vest as to 25% on March 29, 2014.
7. These options vested as to 25% on each of September 13, 2011, September 13, 2012, September 13, 2013, and will vest as to 25% on September 13, 2014.
8. These options vested as to 25% on each of September 13, 2012, September 13, 2013, and will vest as to 25% on September 13, 2014 and September 13, 2015.
/s/ Delaney Schweitzer by David Negus, Power of Attorney 09/23/2013
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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