Insider Trades - DEFFOREY HERVE

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DEFFOREY HERVE: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Ulta Salon, Cosmetics & Fragran Director NasdaqGS:ULTA (historical quotes, profile, other insiders)	13-Sep-11 29-Sep-11	607 202,612 203,219	Direct Indirect Total

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
29-Sep-11 *25,000 ULTA Sale at $66.29 per share.
(Proceeds of $1,657,250)
28-Sep-11 *25,000 ULTA Sale at $67.85 per share.
(Proceeds of $1,696,249)
13-Sep-11 607 ULTA Acquisition (Non Open Market) at $0 per share.

* Indicates that some (or all) shares are held indirectly (e.g. in a trust, by a spouse, etc.)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
29-Sep-11	*25,000	ULTA	Sale at $66.29 per share. (Proceeds of $1,657,250)
28-Sep-11	*25,000	ULTA	Sale at $67.85 per share. (Proceeds of $1,696,249)
13-Sep-11	607	ULTA	Acquisition (Non Open Market) at $0 per share.