Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
GRP Management Services Corp.
   2. Issuer Name and Ticker or Trading Symbol
Ulta Salon, Cosmetics & Fragrance, Inc. [ULTA] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2121 AVENUE OF THE STARS, SUITE 1630		 3. Date of Earliest Transaction (Month/Day/Year)
06/16/2010
(Street)

LOS ANGELES, CA 90067		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/16/2010   S   9,467,321 (1) (2) D $ 21.36 (3) 0 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GRP Management Services Corp.
2121 AVENUE OF THE STARS
SUITE 1630
LOS ANGELES, CA 90067		     X    
GRP II Investors, L.P.
2121 AVENUE OF THE STARS
SUITE 1630
LOS ANGELES, CA 90067		     X    
GRP II Partners, L.P.
2121 AVENUE OF THE STARS
SUITE 1630
LOS ANGELES, CA 90067		     X    
GRPVC, L.P.
2121 AVENUE OF THE STARS
SUITE 1630
LOS ANGELES, CA 90067		     X    
GRP Operations, Inc.
2121 AVENUE OF THE STARS
SUITE 1630
LOS ANGELES, CA 90067		     X    
AOS Partners, LP
2121 AVENUE OF THE STARS
SUITE 1630
LOS ANGELES, CA 90067		     X    
GRP AQ, L.P.
2121 AVENUE OF THE STARS
SUITE 1630
LOS ANGELES, CA 90067		     X    

Signatures

 /s/ Robert S. Guttman, as attorney-in-fact for GRP Management Services Corp.   06/18/2010
**Signature of Reporting Person Date
 /s/ Robert S. Guttman, as attorney-in-fact for GRP II Investors, L.P.   06/18/2010
**Signature of Reporting Person Date
 /s/ Robert S. Guttman, as attorney-in-fact for GRP II Partners, L.P.   06/18/2010
**Signature of Reporting Person Date
 /s/ Robert S. Guttman, as attorney-in-fact for GRPVC, L.P.   06/18/2010
**Signature of Reporting Person Date
 /s/ Robert S. Guttman, as attorney-in-fact for GRP Operations, Inc.   06/18/2010
**Signature of Reporting Person Date
 /s/ Robert S. Guttman, as attorney-in-fact for AOS Partners, L.P.   06/18/2010
**Signature of Reporting Person Date
 /s/ Robert S. Guttman, as attorney-in-fact for GRP AQ, L.P.   06/18/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) Represents 5,476,300 shares sold by AOS Partners, L.P. ("AOS"); 1,451,194 shares sold by GRPVC, L.P. ("GRPVC"); 1,157,989 shares sold by GRP AQ, L.P. ("GRP AQ"); 649,768 shares sold by GRP Management Services Corp. ("GRPMSC"); 535,044 shares sold by GRP II Investors, L.P. ("GRP II Investors"); 196,742 sold by GRP II Partners, L.P. ("GRP II Partners"); and 284 shares sold by GRP Operations, Inc. Following this transaction, each of the above referenced entities held 0 shares.
(2) GRPVC is the general partner of GRP II Partners. GRPMSC is the general partner of GRPVC and GRP II Investors. Hique, Inc. is the general partner of AOS. Messrs. Yves Sisteron and Herve J.F. Defforey are members of the investment committee of GRP II Partners and GRP II Investors. Mr. Sisteron owns voting stock of GRPMSC and with, Mr. Defforey, owns a majority of the voting stock of GRP AQ, Inc., which is the general partner of GRP AQ.
(3) Share price reflects an underwriting discount of $0.89.

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