Calvin Mcdonald - Sep 9, 2021 Form 4 Insider Report for lululemon athletica inc. (LULU)

Role: Chief Executive Officer, Director
Signature: /s/ Calvin McDonald by Alex Grieve, Attorney-in-Fact
Stock symbol: LULU
Transactions as of: Sep 9, 2021
Transactions value $: -$2,907,008
Form type: 4
Date filed: 9/13/2021, 07:14 PM
Previous filing: Aug 24, 2021
Next filing: Oct 4, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	LULU	Common Stock	Options Exercise	$1.37M	+10K	+23.04%	$136.67	53.4K	Sep 9, 2021	Direct
transaction	LULU	Common Stock	Sale	-$4.27M	-10K	-18.72%	$427.37	43.4K	Sep 9, 2021	Direct	F1

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	-10K	-14.22%	$0.00	60.3K	Sep 9, 2021	Common Stock	10K	$136.67	Direct	F2

* 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 $427.14 to $427.77, 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	These options vested as to 25% on each of August 20, 2019, August 20, 2020 and August 20, 2021, and will vest as to 25% on August 20, 2022, subject to the reporting person's continued employment or association with the issuer through such date.

Content

The price reported for this transaction is a weighted-average price. The shares were sold in multiple transactions ranging from $427.14 to $427.77, 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.

These options vested as to 25% on each of August 20, 2019, August 20, 2020 and August 20, 2021, and will vest as to 25% on August 20, 2022, subject to the reporting person's continued employment or association with the issuer through such date.