On January 31, 2013, the Board of Directors of the Company increased the size of the Board of Directors from ten to eleven members and appointed Robert Bensoussan as a Class III director to fill the newly-created vacancy. Mr. Bensoussan will serve as a member of the class of directors whose terms expire at the 2013 Annual Meeting of Stockholders and until such time as his successor is duly elected and qualified, or until his earlier resignation or removal. The Board of Directors has determined that Mr. Bensoussan is "independent" as contemplated by The Nasdaq Stock Market and other governing laws and applicable regulations. Mr. Bensoussan's compensation for his service as a director will be consistent with that of the Company's other non-employee directors, as described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 25, 2012, except that prior to the Company's 2013 Annual Meeting of Stockholders he will receive a pro rata portion of the annual restricted stock grants made to non-employee directors. Mr. Bensoussan will also enter into the standard form indemnification agreement for directors and certain officers (which was previously filed as Exhibit 10.16 to the Company's Registration Statement on Form S-1 dated July 9, 2007, Registration No. 333-142477).

There is no arrangement or understanding between Mr. Bensoussan and any other person pursuant to which he was selected as a director. There are no relationships between Mr. Bensoussan and the Company or its subsidiaries that would require disclosure pursuant to Item 404(a) of Regulation S-K.

(d) Exhibits.

Exhibit No.                                  Description

   99.1           Press release entitled "lululemon athletica appoints Robert
                  Bensoussan to its Board of Directors," issued on February 4,
                  2013.