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SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

SCHEDULE 13G

Amendment  #1

Under the Securities and Exchange Act of 1934

Lululemon Athletica, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
550021109
(CUSIP Number)
December 31, 2010
(Date of Event Which Requires Filing of this Statement)

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

     This Schedule is filed pursuant to Rule 13d-1(b)

The information required in the remainder of this cover page (except any items to which the form provides a cross-reference) 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.

 
 


 

                     
CUSIP No.
 
550021109 
 

 

           
1)   NAME OF REPORTING PERSON

Ameriprise Financial, Inc.

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

IRS No. 13-3180631
     
     
2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   þ*
     
3)   SEC USE ONLY
   
   
     
4)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Delaware
       
  5)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,987,017
       
EACH 7)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH 8)   SHARED DISPOSITIVE POWER
     
    2,394,093
     
9)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,394,093
     
10)   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  Not Applicable
     
11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  4.53%
     
12)   TYPE OF REPORTING PERSON
   
  CO
* This filing describes the reporting person’s relationship with other persons, but the reporting person does not affirm the existence of a group.


 

                     
CUSIP No.
 
550021109 
 

 

           
1)   NAME OF REPORTING PERSON

Columbia Management Investment Advisers, LLC

S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

IRS No. 41-1533211
     
     
2)   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP

  (a)   o
  (b)   þ*
     
3)   SEC USE ONLY
   
   
     
4)   CITIZENSHIP OR PLACE OF ORGANIZATION
   
  Minnesota
       
  5)   SOLE VOTING POWER
     
NUMBER OF   -0-
       
SHARES 6)   SHARED VOTING POWER
BENEFICIALLY    
OWNED BY   1,987,017
       
EACH 7)   SOLE DISPOSITIVE POWER
REPORTING    
PERSON   -0-
       
WITH 8)   SHARED DISPOSITIVE POWER
     
    2,394,093
     
9)   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
   
  2,394,093
     
10)   CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
   
  Not Applicable
     
11)   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
   
  4.53%
     
12)   TYPE OF REPORTING PERSON
   
  IA
* This filing describes the reporting person’s relationship with other persons, but the reporting person does not affirm the existence of a group.


 

         
1(a)
  Name of Issuer:   Lululemon Athletica, Inc.
 
       
1(b)
  Address of Issuer’s Principal Executive Offices:   2285 Clark Dr.
Vancouver, BC V5N 3G9 Canada
 
       
2(a)
  Name of Person Filing:   (a) Ameriprise Financial, Inc. (“AFI”)
 
      (b) Columbia Management Investment Advisers, LLC (“CMIA”)
 
       
2(b)
  Address of Principal Business Office:   (a) Ameriprise Financial, Inc.
145 Ameriprise Financial Center
Minneapolis, MN 55474
 
      (b) 100 Federal St.
Boston, MA 02110
 
       
2(c)
  Citizenship:   (a) Delaware
 
      (b) Minnesota
 
       
2(d)
  Title of Class of Securities:   Common Stock
 
       
2(e)
  Cusip Number:   550021109
3   Information if statement is filed pursuant to Rules 13d-1(b) or 13d-2(b):
(a) Ameriprise Financial, Inc.
    A parent holding company in accordance with Rule 13d-1(b)(1)(ii)(G). (Note: See Item 7)
(b) Columbia Management Investment Advisers, LLC
    An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E)
 
4   Incorporated by reference to Items (5)-(9) and (11) of the cover page pertaining to each reporting person.
 
    AFI, as the parent company of CMIA, may be deemed to beneficially own the shares reported herein by CMIA. Accordingly, the shares reported herein by AFI include those shares separately reported herein by CMIA.
 
    Each of AFI and CMIA disclaims beneficial ownership of any shares reported on this Schedule.
 
5   Ownership of 5% or Less of a Class:
 
    If this statement is being filed to report the fact 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 þ.

 


 

6   Ownership of more than 5% on Behalf of Another Person: Not Applicable
 
7   Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
AFI: See Exhibit I
8   Identification and Classification of Members of the Group:
Not Applicable
9   Notice of Dissolution of Group:
Not Applicable
10   Certification:
 
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.

 


 

Signature
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: January 10, 2011
         
  Ameriprise Financial, Inc.
 
 
  By:   /s/ Wade M. Voigt    
    Name:   Wade M. Voigt   
    Title:   Director — Fund Administration   
 
         
  Columbia Management Investment
Advisers, LLC
 
 
  By:   /s/ Amy Johnson    
    Name:   Amy Johnson   
    Title:   Chief Operating Officer   
 
         
  Contact Information
Wade M. Voigt  
 
  Director — Fund Administration    
  Telephone: (612) 671-5682   
     

 


 

         
Exhibit Index
     
Exhibit I
  Identification and Classification of the Subsidiary which Acquired the Security Being Reported on by the Parent Holding Company.
 
   
Exhibit II
  Joint Filing Agreement