Sec Form 4 Filing - BURGOYNE CELESTE @ lululemon athletica inc. - 2020-07-02

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 BURGOYNE CELESTE 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) EVP Americas Retail (Last) (First) (Middle) C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 07/02/2020 (Street) VANCOUVER, A1V6J 1C7 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 07/02/2020 M 1,265 A $ 52.39 6,780 D Common Stock 07/02/2020 M 659 A $ 53.79 7,439 D Common Stock 07/02/2020 M 2,612 A $ 68.69 10,051 D Common Stock 07/02/2020 M 187 A $ 69.3 10,238 D Common Stock 07/02/2020 S 4,723 D $ 304.52 ( 1 ) 5,515 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) $ 52.39 07/02/2020 M 1,265 ( 2 ) 06/13/2024 Common Stock 1,265 $ 0 421 D Stock Option (right to buy) $ 53.79 07/02/2020 M 659 ( 3 ) 09/14/2022 Common Stock 659 $ 0 0 D Stock Option (right to buy) $ 68.69 07/02/2020 M 2,612 ( 4 ) 04/01/2023 Common Stock 2,612 $ 0 0 D Stock Option (right to buy) $ 69.3 07/02/2020 M 187 ( 5 ) 12/09/2023 Common Stock 187 $ 0 62 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other BURGOYNE CELESTE C/O LULULEMON ATHLETICA INC. 1818 CORNWALL AVENUE VANCOUVER, A1V6J 1C7 EVP Americas Retail Signatures /s/ Celeste Burgoyne by Alex Grieve, Attorney-in-Fact 07/07/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $303.93 to $304.90, inclusive. The reporting person undertakes to provide to the 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 stated in footnote (1) to this Form 4. ( 2 )These options vested as to 25% on each of June 13, 2018, June 13, 2019 and June 13, 2020, and will vest as to 25% on June 13, 2021, subject to the reporting person's continued employment or association with the issuer through such date. ( 3 )These options vested as to 25% on each of September 14, 2016, September 14, 2017, September 14, 2018, and September 14, 2019. ( 4 )These options vested as to 25% on each of April 1, 2017, April 1, 2018, April 1, 2019, and April 1, 2020. ( 5 )These options vested as to 25% on each of December 9, 2017, December 9, 2018 and December 9, 2019, and will vest as to 25% on December 9, 2020, subject to the reporting person's continued employment or association with the issuer through such 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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