Kecia Steelman - Jun 2, 2021 Form 3 Insider Report for Ulta Beauty, Inc. (ULTA)

Role: Chief Operating Officer
Signature: /s/ Jodi J. Caro, as attorney-in-fact for Kecia Steelman
Stock symbol: ULTA
Transactions as of: Jun 2, 2021
Transactions value $: $0
Form type: 3
Date filed: 6/14/2021, 04:54 PM
Next filing: Sep 1, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	ULTA	Common Stock						13.1K	Jun 2, 2021	Direct	F1, F2

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
holding	ULTA	Stock Option (right to buy)							Jun 2, 2021	Common Stock	2.42K	$116.15	Direct	F3
holding	ULTA	Stock Option (right to buy)							Jun 2, 2021	Common Stock	1.74K	$191.76	Direct	F4
holding	ULTA	Stock Option (right to buy)							Jun 2, 2021	Common Stock	4.87K	$281.53	Direct	F5
holding	ULTA	Stock Option (right to buy)							Jun 2, 2021	Common Stock	8.33K	$204.27	Direct	F6
holding	ULTA	Stock Option (right to buy)							Jun 2, 2021	Common Stock	5.58K	$348.73	Direct	F7
holding	ULTA	Stock Option (right to buy)							Jun 2, 2021	Common Stock	11K	$174.45	Direct	F8
holding	ULTA	Stock Option (right to buy)							Jun 2, 2021	Common Stock	6.31K	$306.59	Direct	F9

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

Explanation of Responses:

Id	Content
F1	Includes grant of shares of restricted stock as follows: 2,010 shares vesting 100% on March 15, 2022; 2,293 shares vesting 100% on March 15, 2023; 3,442 shares vesting 100% on March 15, 2023; 2,139 shares vesting 100% on October 5, 2023; and 1,462 shares vesting on March 15, 2024.
F2	Includes 508 performance-based restricted share units, which were awarded on March 29, 2019 under the Amended and Restated Ulta Beauty, Inc. 2011 Incentive Award Plan. Each performance-based restricted share unit represents the right to one share of common stock, which vested based on satisfaction of certain performance goals and a time-based service vesting restriction which lapses on March 15, 2022, subject to continued employment. The Company's compensation committee certified on March 25, 2021 that the performance vesting goals were satisfied.
F3	The options, representing an initial right to purchase a total of 9,691 shares, vesting in 25% annual increments beginning September 16, 2015 and each anniversary thereafter through September 16, 2018.
F4	The options, representing an initial right to purchase a total of 3,478 shares, vesting in 25% annual increments beginning March 15, 2017 and each anniversary thereafter through March 15, 2020.
F5	The options, representing an initial right to purchase a total of 4,867 shares, vesting in 25% annual increments beginning March 15, 2018 and each anniversary thereafter through March 15, 2021.
F6	The options, representing an initial right to purchase a total of 8,332 shares, vesting in 25% annual increments beginning March 15, 2019 and each anniversary thereafter through March 15, 2022.
F7	The options, representing an initial right to purchase a total of 5,578 shares, vesting in 25% annual increments beginning March 15, 2020 and each anniversary thereafter through March 15, 2023.
F8	The options, representing an initial right to purchase a total of 11,036 shares, vesting in 25% annual increments beginning March 15, 2021 and each anniversary thereafter through March 15, 2024.
F9	The options, representing an initial right to purchase a total of 6,306 shares, vesting in 25% annual increments beginning March 15, 2022 and each anniversary thereafter through March 15, 2025.