FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Ryan Anita Jane
2. Date of Event Requiring Statement (MM/DD/YYYY)
6/1/2022 

3. Issuer Name and Ticker or Trading Symbol

Ulta Beauty, Inc. [ULTA]
(Last)        (First)        (Middle)

1000 REMINGTON BLVD., SUITE 120
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
Chief Human Resources Officer /
(Street)

BOLINGBROOK, IL 60440      

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock 2482 (1)D  

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Option (Right to Buy)  (2)3/24/2027 Common Stock 600 $281.53 D  
Stock Option (Right to Buy)  (3)3/29/2028 Common Stock 655 $204.27 D  
Stock Option (Right to Buy)  (4)3/29/2029 Common Stock 1068 $348.73 D  
Stock Option (Right to Buy)  (5)3/27/2030 Common Stock 2378 $174.45 D  
Stock Option (Right to Buy)  (6)3/25/2031 Common Stock 501 $306.59 D  
Stock Option (Right to Buy)  (7)3/24/2032 Common Stock 856 $395.84 D  

Explanation of Responses:
(1) Includes 484 shares of restricted stock vesting 100% on March 15, 2025; 262 shares of restricted stock vesting 100% on March 15, 2024; 742 shares of restricted stock vesting 100% on March 15, 2023; and 246 shares of restricted stock vesting in 25% increments beginning March 15, 2022 and each anniversary thereafter through March 15, 2025.
(2) The options, representing an initial right to purchase a total of 600 shares, vesting in 25% annual increments beginning March 15, 2018 and each anniversary thereafter through March 15, 2021.
(3) The options, representing an initial right to purchase a total of 873 shares, vesting in 25% annual increments beginning March 15, 2019 and each anniversary thereafter through March 15, 2022.
(4) The options, representing an initial right to purchase a total of 1,068 shares, vesting in 25% annual increments beginning March 15, 2020 and each anniversary thereafter through March 15, 2023.
(5) The options, representing an initial right to purchase a total of 2,378 shares, vesting in 25% annual increments beginning March 15, 2021 and each anniversary thereafter through March 15, 2024.
(6) The options, representing an initial right to purchase a total of 501 shares, vesting in 25% annual increments beginning March 15, 2022 and each anniversary thereafter through March 15, 2025.
(7) The options, representing an initial right to purchase a total of 856 shares, vesting in 25% annual increments beginning March 15, 2023 and each anniversary thereafter through March 15, 2026.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Ryan Anita Jane
1000 REMINGTON BLVD., SUITE 120
BOLINGBROOK, IL 60440


Chief Human Resources Officer

Signatures
/s/ Jodi J. Caro, as attorney-in-fact for Anita Jane Ryan6/7/2022
**Signature of Reporting PersonDate


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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