Sec Form 4 Filing - Schweitzer Delaney @ lululemon athletica inc. - 2013-09-19

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Schweitzer Delaney 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 (Last) (First) (Middle) C/O LULULEMON ATHLETICA INC, 400 - 1818 CORNWALL AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 09/19/2013 (Street) VANCOUVER, A1V6J1C7 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Schweitzer Delaney C/O LULULEMON ATHLETICA INC 400 - 1818 CORNWALL AVENUE VANCOUVER, A1V6J1C7 Executive VP Retail Operations Signatures /s/ Delaney Schweitzer by David Negus, Power of Attorney 09/23/2013 Signature of Reporting Person Date

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 Septem ber 13, 2012, September 13, 2013, and will vest as to 25% on September 13, 2014 and September 13, 2015.

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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