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Re: Rakitno post# 384288

Tuesday, 04/22/2014 3:47:47 PM

Tuesday, April 22, 2014 3:47:47 PM

Post# of 432534
Rakitno: You sometimes have to be careful about how statistics are presented.

Although LULU has only approximately 115 million common shares outstanding, they also have outstanding other special stock which can be considered equivalent to the regular common stock. It is quite possible that some of this special stock may be owned by the reporting investment managers

From the 10-K for the fiscal year ended February 2, 2014:

"Common Stock:
At March 24, 2014 there were 115,411,223 shares of the registrant's common stock, par value $0.005 per share, outstanding.

Exchangeable and Special Voting Shares:
At March 24, 2014, there were outstanding 29,937,820 exchangeable shares of Lulu Canadian Holding, Inc., a wholly-owned subsidiary of the registrant. Exchangeable shares are exchangeable for an equal number of shares of the registrant's common stock.

In addition, at March 24, 2014, the registrant had outstanding 29,937,820 shares of special voting stock, through which the holders of exchangeable shares of Lulu Canadian Holding, Inc. may exercise their voting rights with respect to the registrant. The special voting stock and the registrant's common stock generally vote together as a single class on all matters on which the common stock is entitled to vote."


Also, the following number of shares were used in the per share earnings calculation:

Basic weighted-average number of shares outstanding 144,913

Diluted weighted-average number of shares outstanding 146,043

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