SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Schweitzer Delaney (Last) (First) (Middle) C/O LULULEMON ATHLETICA INC 2285 CLARK DRIVE (Street) VANCOUVER A1 A1 V5N 3G9 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 06/10/2009	3. Issuer Name and Ticker or Trading Symbol lululemon athletica inc. [ lulu ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Vice Pres. Retail Operations	5. If Amendment, Date of 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

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)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (Right to Buy)	12/27/2007(1)	12/27/2016	Common Stock	6,433(1)	$0.49	D
Stock Option (Right to Buy)	12/27/2007(2)	12/27/2016	Common Stock	29,301(2)	$0.6	D
Exchangeable Shares of Lulu Canadian Holding, Inc.(3)	(3)	(4)	Common Stock	12,460(3)	$0	D

Explanation of Responses:

1. Reporting person received a grant on December 27, 2006 of 8,577 stock options. This grant vested as to 25% on each of December 27, 2007 and December 27, 2008 and will vest as to 25% on each of December 27, 2009 and December 27, 2010. Of this total grant amount, the reporting person previously exercised 2,144 stock options.

2. Reporting person received a grant on December 27, 2006 of 39,067 stock options. This grant vested as to 25% on each of December 27, 2007 and December 27, 2008 and will vest as to 25% on each of December 27, 2009 and December 27, 2010. Of this total grant amount, the reporting person previously exercised 9,766 stock options.

3. Reporting person received a grant on July 26, 2007 of 90,836 exchangeable shares of Lulu Canadian Holding, Inc. which, upon vesting, exchange on a 1-to-1 ration with and into lululemon athletica, inc. common stock. Of this total grant, 88,353 exchangeable shares were fully vested as of December 5, 2008 and the remaining 2,483 exchangeable shares will vest on December 5, 2009. Of this total grant amount, the reporting person previously exchanged 78,376 shares.

4. No expiration date.

	Delaney Schweitzer, by David Negus, Attorney-in-Fact	06/19/2009
	** Signature of Reporting Person	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 5 (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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