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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Choe Michelle Sun 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)
Chief Product Officer
(Last)         (First)         (Middle)
C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE
3. Date of Earliest Transaction (MM/DD/YYYY)
7/2/2020
(Street)
VANCOUVER, A1 V6J 1C7
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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  7/2/2020    M    179  A $69.3  10370  D   
Common Stock  7/2/2020    M    1460  A $51.87  11830  D   
Common Stock  7/2/2020    M    2797  A $85.96  14627  D   
Common Stock  7/2/2020    M    308  A $155.97  14935  D   
Common Stock  7/2/2020    S    4744  D $312.15  10191  D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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)  $69.3  7/2/2020    M        179    (1) 12/9/2023  Common Stock  179  $0  180  D   
Stock Option (Right to Buy)  $51.87  7/2/2020    M        1460    (2) 3/31/2024  Common Stock  1460  $0  1459  D   
Stock Option (Right to Buy)  $85.96  7/2/2020    M        2797    (3) 3/28/2025  Common Stock  2797  $0  2796  D   
Stock Option (Right to Buy)  $155.97  7/2/2020    M        308    (4) 9/20/2025  Common Stock  308  $0  925  D   

Explanation of Responses:
(1)  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.
(2)  These options vested as to 25% on each of March 31, 2018, March 31, 2019 and March 31, 2020, and will vest as to 25% on March 31, 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 March 28, 2019 and March 28, 2020, and will vest as to 25% on each of March 28, 2021 and March 28, 2022, subject to the reporting person's continued employment or association with the issuer through each such date.
(4)  These options vested as to 25% on September 20, 2019, and will vest as to 25% on each of September 20, 2020, September 20, 2021, and September 20, 2022, subject to the reporting person's continued employment or association with the issuer through each such date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Choe Michelle Sun
C/O LULULEMON ATHLETICA INC.
1818 CORNWALL AVENUE
VANCOUVER, A1 V6J 1C7


Chief Product Officer

Signatures
/s/ Michelle Sun Choe by Alex Grieve, Attorney-in-Fact 7/7/2020
**Signature of Reporting Person Date
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