UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

(Rule 13d-102)

 

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO FULES

13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO RULE 13d-2

 

Under the Securities Exchange Act of 1934
(Amendment No.     )*

 

lululemon athletica inc.

(Name of Issuer)

Common Stock, $0.01 par value per share

(Title of Class of Securities)

550021109

(CUSIP Number)

December 31, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Highland Capital Partners VI Limited Partnership

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
2,430,990

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
2,430,990

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,430,990

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
3.6%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

2



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Highland Capital Partners VI-B Limited Partnership

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
1,332,748

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
1,332,748

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,332,748

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
2.0%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

3



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Highland Entrepreneurs’ Fund VI Limited Partnership

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
120,489

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
120,489

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
120,489

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.2%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

4



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
HEF VI Limited Partnership

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
120,489

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
120,489

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
120,489

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.2%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

5



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Highland Management Partners VI Limited Partnership

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,763,738

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,763,738

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,763,738

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.6%

 

 

12.

Type of Reporting Person (See Instructions)
PN

 

6



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Highland Management Partners VI, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,884,227

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,884,227

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,884,227

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.8%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

7



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Robert F. Higgins

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,884,227

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,884,227

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,884,227

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.8%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

8



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Paul A. Maeder

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,884,227

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,884,227

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,884,227

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.8%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

9



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Daniel J. Nova

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,884,227

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,884,227

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,884,227

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.8%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

10



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Sean M. Dalton

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,884,227

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,884,227

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,884,227

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.8%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

11



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Fergal J. Mullen

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,884,227

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,884,227

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,884,227

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.8%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

12



 

CUSIP No. 550021109

 

 

1.

Names of Reporting Persons
Corey M. Mulloy

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

o

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Delaware

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,884,227

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,884,227

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,884,227

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
5.8%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

13



 

CUSIP No. 550021109

 

NOTE:  This Statement on Schedule 13G is being filed on behalf of: (i) Highland Capital Partners VI Limited Partnership, a Delaware limited partnership (“Highland Capital VI”); (ii) Highland Capital Partners VI-B Limited Partnership, a Delaware limited partnership (“Highland Capital VI-B”); (iii) Highland Entrepreneurs’ Fund VI Limited Partnership, a Delaware limited partnership (“Highland Entrepreneurs’ Fund” and together with Highland Capital VI and Highland Capital VI-B, the “Highland Investing Entities”); (iv) HEF VI Limited Partnership, a Delaware limited partnership and general partner of Highland Entrepreneurs’ Fund (“HEF VI”); (v) Highland Management Partners VI Limited Partnership, a Delaware limited partnership and general partner of Highland Capital VI and Highland Capital VI-B (“HMP VI”); (vi) Highland Management Partners VI, Inc., a Delaware corporation (“Highland Management”) and general partner of both HEF VI and HMP VI; (vii) Robert F. Higgins (“Mr. Higgins”), a senior managing director of Highland Management and a limited partner of each of HMP VI and HEF VI; (viii) Paul A. Maeder (“Mr. Maeder”), a senior managing director of Highland Management and a limited partner of each of HMP VI and HEF VI; (ix) Daniel J. Nova (“Mr. Nova”), a senior managing director of Highland Management and a limited partner of each of HMP VI and HEF VI; (x) Sean M. Dalton (“Mr. Dalton”), a managing director of Highland Management and a limited partner of each of HMP VI and HEF VI; (xi) Fergal J. Mullen (“Mr. Mullen”), a managing director of Highland Management and a limited partner of each of HMP VI and HEF VI; and (xii) Corey M. Mulloy (“Mr. Mulloy” and together with Mr. Higgins, Mr. Maeder, Mr. Nova, Mr. Dalton, and Mr. Mullen, the “Managing Directors”), a managing director of Highland Management and a limited partner of each of HMP VI and HEF VI.  Highland Management, as the general partner of the general partners of the Highland Investing Entities, may be deemed to have beneficial ownership of the shares held by the Highland Investing Entities.  The Managing Directors of Highland Management have shared power over all investment decisions of Highland Management and therefore may be deemed to share beneficial ownership of the shares held by Highland Investing Entities by virtue of their status as controlling persons of Highland Management.  Each Managing Director of Highland Management disclaims beneficial ownership of the shares held by the Highland Investing Entities, except to the extent of each such Managing Director’s pecuniary interest therein.  Each of Highland Management, HMP VI and HEF VI disclaims beneficial ownership of the shares held by the Highland Investing Entities, except to the extent of each such entity’s pecuniary interest therein.

 

14



 

CUSIP No. 550021109

 

Item 1.

 

(a)

Name of Issuer
lululemon athletica inc.

 

(b)

Address of Issuer’s Principal Executive Offices
2285 Clark Drive,
Vancouver, British Columbia, V5N 3G9

 

Item 2.

 

(a)

Name of Person Filing
The reporting persons are:

 

Highland Capital Partners VI Limited Partnership (“Highland Capital VI”);

 

Highland Capital Partners VI-B Limited Partnership (“Highland Capital VI-B”);

 

Highland Entrepreneurs’ Fund VI Limited Partnership (“Highland Entrepreneurs’ Fund”);

 

HEF VI Limited Partnership (“HEF VI”);

 

Highland Management Partners V Limited Partnership (“HMP VI”);

 

Highland Management Partners V, Inc. (“Highland Management”);

 

Robert F. Higgins (“Mr. Higgins”);

 

Paul A. Maeder (“Mr. Maeder”);

 

Daniel J. Nova (“Mr. Nova”);

 

Sean M. Dalton (“Mr. Dalton”);

 

Fergal J. Mullen (“Mr. Mullen”); and

 

Corey M. Mulloy (“Mr. Mulloy”)

 

(b)

Address of Principal Business Office or, if none, Residence
The address of each of the reporting persons is:

 

c/o Highland Capital Partners
92 Hayden Avenue
Lexington, Massachusetts 02421

                    (c)      Citizenship

Highland Capital VI

Delaware

Highland Capital VI-B

Delaware

Highland Entrepreneurs’ Fund

Delaware

HEF VI

Delaware

HMP VI

Delaware

Highland Management

Delaware

Mr. Higgins

United States

Mr. Maeder

United States

Mr. Nova

United States

Mr. Dalton

United States

Mr. Mullen

United States

Mr. Mulloy

United States

 

15



 

CUSIP No. 550021109

 

 

(d)

Title of Class of Securities
This Schedule 13G report related to the Common Stock, par value $0.01 per share (the “Common Stock”), of lululemon athletica inc.

 

(e)

CUSIP Number
550021109

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

o

Group, in accordance with §240.13d-1(b)(1)(ii)(J).

 

Not applicable.

 

Item 4.

Ownership

 

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a)

Amount beneficially owned:   

 

As of December 31, 2007 each of the following is the owner of record of the number of shares of Common Stock set forth next to his or its name:

 

Highland Capital VI

2,430,990

Highland Capital VI-B

1,332,748

Highland Entrepreneurs’ Fund

120,489

HEF VI

0

HMP VI

0

Highland Management

0

Mr. Higgins

0

Mr. Maeder

0

Mr. Nova

0

Mr. Dalton

0

Mr. Mullen

0

Mr. Mulloy

0

 

 

As of December 31, 2007, Highland Capital VI was the record owner of and beneficially owned 2,430,990 shares (the “HCVI Shares”) of Common Stock. Highland Capital VI has the power to vote or direct the disposition of all of the HCVI Shares.  Such power is exercised through Highland Management as the sole general partner of HMP VI as the sole general partner of Highland Capital VI.

 

As of December 31, 2007, Highland Capital VI-B was the record owner of and beneficially owned 1,332,748 shares (the “HCVI-B Shares” and together with the HCVI Shares, the “HC Shares”) of Common Stock.  Highland Capital VI-B has the power to vote or direct the disposition of all of the HCVI-B Shares.  Such power is exercised through Highland Management as the sole general partner of HMP VI as the sole general partner of Highland Capital VI-B.

 

As of December 31, 2007, Highland Entrepreneurs’ Fund was the record owner of and beneficially owned 120,489 shares (the “HEF Shares” and together with the HC Shares, the “Shares”) of Common Stock.  Highland Entrepreneurs’ Fund has the power to vote or direct the disposition of all of the HEF Shares.  Such power is exercised through Highland Management as the sole general partner of HEF VI as the sole general partner of Highland Entrepreneurs’ Fund.

 

16



 

CUSIP No. 550021109

 

 

HMP VI, as the general partner of Highland Capital VI and Highland Capital VI-B, may be deemed to own the HC Shares beneficially and HEF VI, as the general partner of Highland Entrepreneurs' Fund, may be deemed to own the HEF Shares beneficially.  Each of HMP VI and HEF VI disclaims beneficial ownership of the shares held by the Highland  Investing Entities, except to the extent of each such entity's pecuniary interest therein.

 

Highland Management, as the general partner of HMP VI and HEF VI, may be deemed to own the Shares beneficially.  The Managing Directors have the power over all investment decisions of Highland Management and therefore may be deemed to share beneficial ownership of the Shares by virtue of their status as controlling persons of Highland Management.  Highland Management and each of the Managing Directors disclaims beneficial ownership of the Shares, except to the extent of each such entity's pecuniary interest therein.

 

(b)

Percent of class:

 

 

Highland Capital V

 

3.6

%

 

 

Highland Capital V-B

 

2.0

%

 

 

Highland Entrepreneurs’ Fund

 

0.2

%

 

 

HEF V

 

0.2

%

 

 

HMP V

 

5.6

%

 

 

Highland Management

 

5.8

%

 

 

Mr. Higgins

 

5.8

%

 

 

Mr. Maeder

 

5.8

%

 

 

Mr. Nova

 

5.8

%

 

 

Mr. Dalton

 

5.8

%

 

 

Mr. Mullen

 

5.8

%

 

 

Mr. Mulloy

 

5.8

%

 

 

 

(c)

Number of shares as to which the person has:

 

 

 

NUMBER OF SHARES

 

Reporting Person

 

(i)

 

(ii)

 

(iii)

 

(iv)

 

Highland Capital VI

 

0

 

2,430,990

 

0

 

2,430,990

 

Highland Capital VI-B

 

0

 

1,332,748

 

0

 

1,332,748

 

Highland Entrepreneurs’ Fund

 

0

 

120,489

 

0

 

120,489

 

HEF VI

 

0

 

120,489

 

0

 

120,489

 

HMP VI

 

0

 

3,763,738

 

0

 

3,763,738

 

Highland Management

 

0

 

3,884,227

 

0

 

3,884,227

 

Mr. Higgins

 

0

 

3,884,227

 

0

 

3,884,227

 

Mr. Maeder

 

0

 

3,884,227

 

0

 

3,884,227

 

Mr. Nova

 

0

 

3,884,227

 

0

 

3,884,227

 

Mr. Dalton

 

0

 

3,884,227

 

0

 

3,884,227

 

Mr. Mullen

 

0

 

3,884,227

 

0

 

3,884,227

 

Mr. Mulloy

 

0

 

3,884,227

 

0

 

3,884,227

 

 

17



 

CUSIP No. 550021109

 

 

 

 

Each of Highland Capital VI, Highland Capital VI-B, Highland Entrepreneurs’ Fund, HEF VI, HMP VI, Highland Management and the Managing Directors expressly disclaims beneficial ownership of any shares of the Common Stock of lululemon athletica inc., except any shares except to the extent of his or its pecuniary interest therein and any shares held directly of record.

 

 

(i)

Sole power to vote or to direct the vote   

 

 

 

(ii)

Shared power to vote or to direct the vote    

 

 

 

(iii)

Sole power to dispose or to direct the disposition of   

 

 

 

(iv)

Shared power to dispose or to direct the disposition of   

 

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

 

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

 

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

 

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group

 

Each of the Reporting Persons expressly disclaims membership in a “Group” as defined in Rule 13d-1(b)(ii)(J)

 

Item 9.

Notice of Dissolution of Group

 

Not applicable.

 

18



 

CUSIP No. 550021109

 

Item 10.

Certification

 

Not applicable. This Schedule 13G is not filed pursuant to Rule 13d-1(b) or Rule 13d-1(c).

 

SIGNATURE

 

After reasonable inquiry and to the best of the knowledge and belief of each of the undersigned, each of the undersigned hereby certifies that the information set forth in this statement is true, complete and correct.

 

DATED:  February 13, 2008.

 

 

HIGHLAND CAPITAL PARTNERS VI LIMITED PARTNERSHIP

 

 

 

By:

Highland Management Partners VI Limited Partnership, its
general partner

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                            Managing Director

 

 

 

 

 

HIGHLAND CAPITAL PARTNERS VI-B LIMITED PARTNERSHIP

 

 

 

By:

Highland Management Partners VI Limited Partnership, its
general partner

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                             Managing Director

 

 

 

HIGHLAND ENTREPRENEURS’ FUND VI LIMITED PARTNERSHIP

 

 

 

By:

HEF VI Limited Partnership, its general partner

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                             Managing Director

 

 

 

HEF VI LIMITED PARTNERSHIP

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                            Managing Director

 

19



 

CUSIP No. 550021109

 

 

HIGHLAND MANAGEMENT PARTNERS VI LIMITED PARTNERSHIP

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                            Managing Director

 

 

 

HIGHLAND MANAGEMENT PARTNERS VI, INC.

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

       Managing Director

 

 

 

 

 

 /s/ Robert F. Higgins

 

 

Robert F. Higgins

 

 

 

 

 

 /s/ Paul A. Maeder

 

 

Paul A. Maeder

 

 

 

 

 

 /s/ Daniel J. Nova

 

 

Daniel J. Nova

 

 

 

 

 

 /s/ Sean M. Dalton

 

 

Sean M. Dalton

 

 

 

 

 

 /s/ Fergal J. Mullen

 

 

Fergal J. Mullen

 

 

 

 

 

 /s/ Corey M. Mulloy

 

 

Corey M. Mulloy

 

20



 

CUSIP No. 550021109

 

Exhibit I

 

JOINT FILING AGREEMENT

 

Pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree that only one statement containing the information required by Schedule 13G need be filed with respect to the ownership by each of the undersigned of the shares of Common Stock of lululemon athletica inc..

 

This Agreement may be executed in any number of counterparts, each of which shall be deemed an original.

 

EXECUTED as of  this 13th day of February, 2008.

 

 

HIGHLAND CAPITAL PARTNERS VI LIMITED PARTNERSHIP

 

 

 

By:

Highland Management Partners VI Limited Partnership, its
general partner

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                            Managing Director

 

 

 

 

 

HIGHLAND CAPITAL PARTNERS VI-B LIMITED PARTNERSHIP

 

 

 

By:

Highland Management Partners VI Limited Partnership, its
general partner

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                             Managing Director

 

 

 

HIGHLAND ENTREPRENEURS’ FUND VI LIMITED PARTNERSHIP

 

 

 

By:

HEF VI Limited Partnership, its general partner

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                             Managing Director

 

21



 

CUSIP No. 550021109

 

 

 

 

HEF VI LIMITED PARTNERSHIP

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                            Managing Director

 

 

HIGHLAND MANAGEMENT PARTNERS VI LIMITED PARTNERSHIP

 

 

 

 

 

By:

Highland Management Partners VI, Inc., its general partner

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

                            Managing Director

 

 

HIGHLAND MANAGEMENT PARTNERS VI, INC.

 

 

 

 

 

 

 

 

By:

  /s/ Daniel J. Nova

 

 

       Managing Director

 

 

 

 

 

 

 

 

 /s/ Robert F. Higgins

 

 

Robert F. Higgins

 

 

 

 

 

 

 

 

 /s/ Paul A. Maeder

 

 

Paul A. Maeder

 

 

 

 

 

 

 

 

 /s/ Daniel J. Nova

 

 

Daniel J. Nova

 

 

 

 

 

 

 

 

 /s/ Sean M. Dalton

 

 

Sean M. Dalton

 

 

 

 

 

 

 

 

 /s/ Fergal J. Mullen

 

 

Fergal J. Mullen

 

 

 

 

 

 

 

 

 /s/ Corey M. Mulloy

 

 

Corey M. Mulloy

 

 

22