FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *

FRANK MEGHAN
2. Date of Event Requiring Statement (MM/DD/YYYY)
11/23/2020 

3. Issuer Name and Ticker or Trading Symbol

lululemon athletica inc. [LULU]
(Last)        (First)        (Middle)

C/O LULULEMON ATHLETICA INC., 1818 CORNWALL AVENUE
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
Chief Financial Officer /
(Street)

VANCOUVER, A1 V6J 1C7      

(City)              (State)              (Zip)
5. 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 Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock (1)1020 D  
Common Stock (2)308 D  
Common Stock (3)597 D  
Common Stock (4)260 D  
Common Stock (5)788 D  
Common Stock (6)344 D  
Common Stock (7)590 D  
Common Stock 400 D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)  (8)2/16/2024 Common Stock 94 $65.97 D  
Stock Option (Right to Buy)  (9)3/31/2024 Common Stock 1459 $51.87 D  
Stock Option (Right to Buy)  (10)3/28/2025 Common Stock 2181 $85.96 D  
Stock Option (Right to Buy)  (11)3/28/2026 Common Stock 1364 $167.54 D  
Stock Option (Right to Buy)  (11)3/28/2026 Common Stock 1399 $167.54 D  
Stock Option (Right to Buy)  (12)3/27/2027 Common Stock 1704 $188.84 D  

Explanation of Responses:
(1) The reporting person received a restricted stock unit award which vested as to 33% on February 14, 2019, 33% on February 14, 2020, and will vest as to 34% on February 14, 2021, subject to the reporting person's continued employment or association with the issuer through such date.
(2) The reporting person received a restricted stock unit award which vested as to 33% on March 28, 2019, 33% on March 28, 2020, and will vest as to 34% on March 28, 2021, subject to the reporting person's continued employment or association with the issuer through such date.
(3) The reporting person received a restricted stock unit award which will vest as to 50% on each of March 28, 2021 and March 28, 2022, subject to the reporting person's continued employment or association with the issuer through such date.
(4) The reporting person received restricted stock unit awards which vested as to 33% on March 28, 2020, and will vest as to 33% on March 28, 2021 and as to 34% on March 28, 2022, subject to the reporting person's continued employment or association with the issuer through such date.
(5) The reporting person received restricted stock unit awards which will vest as to 50% on each of February 13, 2022 and February 13, 2023, subject to the reporting person's continued employment or association with the issuer through such date.
(6) The reporting person received a restricted stock unit award which will vest as to 33% on March 27, 2021, as to 33% on March 27, 2022, and as to 34% on March 27, 2023, subject to the reporting person's continued employment or association with the issuer through such date.
(7) The reporting person received a restricted stock unit award which will vest as to 33% on June 12, 2021, as to 33% on June 12, 2022, and as to 34% on June 12, 2023, subject to the reporting person's continued employment or association with the issuer through such date.
(8) These options vested as to 25% on each of February 16, 2018, February 16, 2019 and February 16, 2020, and will vest as to 25% on February 16, 2021, subject to the reporting person's continued employment or association with the issuer through such date.
(9) 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.
(10) 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 such date.
(11) Thes options vested as to 25% on March 28, 2020, and will vest as to 25% on each of March 28, 2021, March 28, 2022 and March 28, 2023, subject to the reporting person's continued employment or association with the issuer through such date.
(12) These options will vest as to 25% on each of March 27, 2021, March 27, 2022, March 27, 2023 and March 27, 2024, subject to the reporting person's continued employment or association with the issuer through such date.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
FRANK MEGHAN
C/O LULULEMON ATHLETICA INC.
1818 CORNWALL AVENUE
VANCOUVER, A1 V6J 1C7


Chief Financial Officer

Signatures
/s/ Meghan Frank by Alex Grieve, Attorney-in-Fact12/3/2020
**Signature of Reporting PersonDate

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