Michelle Sun Choe - 09 Sep 2021 Form 4 Insider Report for lululemon athletica inc. (LULU)

Role: Chief Product Officer
Signature: /s/ Michelle Sun Choe by Alex Grieve, Attorney-in-Fact
Issuer symbol: LULU
Transactions as of: 09 Sep 2021
Net transactions value: -$6,748,789
Form type: 4
Filing time: 13 Sep 2021, 19:08:17 UTC
Next filing: 22 Sep 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LULU	Common Stock	Sale	$813,868	-1,910	-17%	$426.11	9,181	09 Sep 2021	Direct	F1
transaction	LULU	Common Stock	Sale	$2,473,678	-5,790	-63%	$427.23	3,391	09 Sep 2021	Direct	F2
transaction	LULU	Common Stock	Options Exercise	$703,165	+4,197	+124%	$167.54	7,588	09 Sep 2021	Direct
transaction	LULU	Common Stock	Sale	$883,865	-2,087	-28%	$423.51	5,501	09 Sep 2021	Direct	F3
transaction	LULU	Common Stock	Sale	$895,964	-2,110	-38%	$424.63	3,391	09 Sep 2021	Direct	F4
transaction	LULU	Common Stock	Options Exercise	$1,562,478	+9,326	+275%	$167.54	12,717	09 Sep 2021	Direct
transaction	LULU	Common Stock	Sale	$3,947,056	-9,326	-73%	$423.23	3,391	09 Sep 2021	Direct	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	LULU	Stock Option (Right to Buy)	Options Exercise	$0	-4,197	-50%	$0.000000	4,197	09 Sep 2021	Common Stock	4,197	$167.54	Direct	F6
transaction	LULU	Stock Option (Right to Buy)	Options Exercise	$0	-9,326	-50%	$0.000000	9,326	09 Sep 2021	Common Stock	9,326	$167.54	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $425.84 to 426.55, inclusive. The reporting person undertakes to provide to 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 set forth in this footnote.
F2	The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $427.21 to 427.39, inclusive. The reporting person undertakes to provide to 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 set forth in this footnote.
F3	The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $423.10 to 423.87, inclusive. The reporting person undertakes to provide to 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 set forth in this footnote.
F4	The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $424.035 to $424.70, inclusive. The reporting person undertakes to provide to 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 set forth in this footnote.
F5	The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $422.76 to $423.64, inclusive. The reporting person undertakes to provide to 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 set forth in this footnote.
F6	These options vested as to 25% on each of March 28, 2020 and March 28, 2021, and will vest as to 25% on each of March 28, 2022 and March 28, 2023, subject to the reporting person's continued employment or association with the issuer through each such date.