SEC Form 4 · accession 0001001250-15-000095
ESTEE LAUDER COMPANIES INC · EL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fabrizio Freda
Officer — President and CEO · Director
Period of report
Nov 2, 2015
Accepted (ET)
Nov 4, 2015 · 4:36 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001250
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | Nov 2, 2015 | M | 38,921 | $0.00 | A | 112,095 | D | |
| Class A Common Stock | Nov 2, 2015 | F | 21,727 | $86.37 | D | 90,368 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (Share Payout)F3,F1,F4 | — | Nov 2, 2015 | M | 38,921 | D | — | — | Class A Common Stock | 38,921 | 150,622 | D |
Explanation of responses
- F1Not applicable. Restricted Stock Units ("RSUs") vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date.
- F2Represents the withholding of shares for tax purposes.
- F3Vesting of portions of RSUs granted September 4, 2012, September 4, 2013 and September 3, 2014.
- F4Remaining RSUs from the grants dated September 24, 2012, September 4, 2013, September 3, 2014 and September 5, 2015 will vest and be paid out as follows: 32,552 on June 30, 2016; 42,347 on October 31, 2016; 32,552 on June 30, 2017; 28,418 on October 31, 2017; and 14,753 on October 31, 2018. Upon payout, additional shares will be withheld to cover minimum statutory tax obligations. RSUs are accompanied by dividend equivalent rights that will be payable in cash at the time of payout of the related shares.