SEC Form 4 · accession 0001572426-18-000085
lululemon athletica inc. · LULU
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle Sun Choe
Officer — Chief Product Officer
Period of report
Sep 20, 2018
Accepted (ET)
Sep 24, 2018 · 3:54 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001397187
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 20, 2018 | A | 256 | $155.97 | A | 10,335 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy)F2 | $155.97 | Sep 20, 2018 | A | 1,233 | A | — | Sep 20, 2025 | Common Stock | 1,233 | 1,233 | D |
Explanation of responses
- F1Restricted stock units convert into common stock on a one-for-one basis. The reporting person received a restricted stock unit award which vests as to 33% on September 20, 2019, 33% on September 20, 2020, and 34% on September 20, 2021, subject to the reporting person's continued employment or association with the issuer through such date.
- F2These options shall vest as to 25% on each of September 20, 2019, 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.