Explanation of Responses:
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(1)
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Shares obtained on conversion of exchangable share of Lulu Canadian Holding, Inc. for shares of lululemon athletica inc. for no consideration exempt under 16b-6b.
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(2)
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1 - 1 exchange ratio.
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(3)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $199.76 to $200.39, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(4)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $200.40 to $201.39, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(5)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $201.41 to $202.39, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(6)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $202.40 to $203.39, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(7)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $203.40 to $204.39, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(8)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $194.44 to $194.63, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(9)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $194.64 to $195.63, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(10)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $195.64 to $196.63, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(11)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $196.70 to $197.68, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(12)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $197.71 to $198.68, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(13)
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Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $199.23 to $199.91, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range.
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(14)
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Immediately exchangable for shares of lululemon common stock on a 1-to-1 ratio.
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(15)
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No expiration date.
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