ULTA BEAUTY INC

Ticker: ULTA CUSIP: 90384S303 Class: COM

SANDS CAPITAL MANAGEMENT, LLC's Holding History (CIK: 0001020066)

Note: Option positions (PUT/CALL) are excluded.

Q1 2014

Shares 5,676,182 Value ($000) $553,087 Avg Close $90.08 Range $80.35 - $106.83

Q4 2013

Shares 7,352,203 Value ($000) $709,635 Avg Close $117.26 Range $88.61 - $132.72

Q3 2013

Shares 7,508,710 Value ($000) $896,990 Avg Close $103.68 Range $93.34 - $121.50

Q2 2013

Shares 7,243,227 Value ($000) $725,192 Avg Close $89.99 Range $80.85 - $100.41

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2014	5,676,182	$553,087	$90.08	$80.35 - $106.83
Q4 2013	7,352,203	$709,635	$117.26	$88.61 - $132.72
Q3 2013	7,508,710	$896,990	$103.68	$93.34 - $121.50
Q2 2013	7,243,227	$725,192	$89.99	$80.85 - $100.41