SEC Form 4 · accession 0001001250-16-000151
ESTEE LAUDER COMPANIES INC · EL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mellody L Hobson
Director
Period of report
Feb 23, 2016
Accepted (ET)
Feb 24, 2016 · 4:17 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001001250
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Units (Cash Payout)F1,F3 | — | Feb 23, 2016 | A | 237 | A | — | — | Class A Common Stock | 237 | 33,114 | D |
Explanation of responses
- F1Each Stock Unit (cash payout) is convertible into cash equal to the value of one share of Class A Common Stock (i.e. 1:1).
- F2Represents grant of Stock Units in lieu of cash for quarterly board and committee retainers.
- F3The Stock Units (cash payout) will be paid out the first business day of the calendar year following the last date of the Reporting Person's service as a director of the Company.