Ownership Submission
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 OF SECURITIES

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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(Print or Type Responses)
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
(Last)
(First)
(Middle)
C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVE
3. Date of Earliest Transaction (Month/Day/Year)
03/29/2019
(Street)

VANCOUVER, A1 V6J 1C7
4. If Amendment, Date Original Filed(Month/Day/Year)
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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 03/29/2019   M   2,500 A $ 11.75 18,019 D  
Common Stock 03/29/2019   M   585 A $ 76.49 18,604 D  
Common Stock 03/29/2019   M   600 A $ 57.88 19,204 D  
Common Stock 03/29/2019   M   1,044 A $ 52.59 20,248 D  
Common Stock 03/29/2019   M   2,486 A $ 44.2 22,734 D  
Common Stock 03/29/2019   M   848 A $ 64.83 23,582 D  
Common Stock 03/29/2019   M   259 A $ 66.07 23,841 D  
Common Stock 03/29/2019   M   1,976 A $ 53.79 25,817 D  
Common Stock 03/29/2019   M   2,613 A $ 68.69 28,430 D  
Common Stock 03/29/2019   S   12,652 D $ 167.07 (1) 15,778 D  
Common Stock 03/29/2019   S   259 D $ 167.91 15,519 D  
Common Stock 03/29/2019   S   6,288 D $ 165.41 (2) 9,231 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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
(Month/Day/Year)
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) $ 11.75 03/29/2019   M     2,500   (3) 09/14/2019 Common Stock 2,500 $ 0 0 D  
Stock Option (Right to Buy) $ 76.49 03/29/2019   M     585   (4) 09/11/2019 Common Stock 585 $ 0 0 D  
Stock Option (Right to Buy) $ 57.88 03/29/2019   M     600   (5) 12/16/2020 Common Stock 600 $ 0 0 D  
Stock Option (Right to Buy) $ 52.59 03/29/2019   M     1,044   (6) 03/31/2021 Common Stock 1,044 $ 0 0 D  
Stock Option (Right to Buy) $ 44.2 03/29/2019   M     2,486   (7) 09/15/2021 Common Stock 2,486 $ 0 0 D  
Stock Option (Right to Buy) $ 64.83 03/29/2019   M     848   (8) 03/30/2022 Common Stock 848 $ 0 282 D  
Stock Option (Right to Buy) $ 66.07 03/29/2019   M     259   (9) 06/11/2022 Common Stock 259 $ 0 86 D  
Stock Option (Right to Buy) $ 53.79 03/29/2019   M     1,976   (10) 09/14/2022 Common Stock 1,976 $ 0 0 D  
Stock Option (Right to Buy) $ 68.69 03/29/2019   M     2,613   (11) 04/01/2023 Common Stock 2,613 $ 0 2,612 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
BURGOYNE CELESTE
C/O LULULEMON ATHLETICA INC.
1818 CORNWALL AVE
VANCOUVER, A1 V6J 1C7
      EVP Americas  

Signatures

 /s/ Celeste Burgoyne by Erin Nicholas, Attorney-in-Fact   04/02/2019
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $166.74 to $167.69, 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 footnotes (1) and (2) to this Form 4.
(2) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $165.15 to $165.52, inclusive.
(3) These options vested as to 25% on each of September 14, 2010, September 14, 2011, September 14, 2012, and September 14, 2013.
(4) These options vested as to 25% on each of September 11, 2013, September 11, 2014, September 11, 2015, and September 11, 2016.
(5) These options vested as to 25% on each of December 16, 2014, December 16, 2015, December 16, 2016, and December 16, 2017.
(6) These options vested as to 25% on each of March 31, 2015, March 31, 2016, March 31, 2017, and March 31, 2018.
(7) These options vested as to 25% on each of September 15, 2015, September 15, 2016, September 15, 2017, and September 15, 2018.
(8) These options vested as to 25% on each of March 30, 2016, March 30, 2017, March 30, 2018, and March 30, 2019.
(9) These options vested as to 25% on each of June 11, 2016, June 11, 2017 and June 11, 2018. An additional 25% shall vest on June 11, 2019, subject to the reporting person's continued employment or association with the issuer through each such date.
(10) These options vested as to 25% on each of September 14, 2016, September 14, 2017, September 14, 2018. An additional 25% shall vest on September 14, 2019, subject to the reporting person's continued employment or association with the issuer through each such date.
(11) These options vested as to 25% on each of April 1, 2017, April 1, 2018 and April 1, 2019. An additional 25% shall vest on April 1, 2020, subject to the reporting person's continued employment or association with the issuer through each such date.

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