SEC Form 4 · accession 0001001250-16-000239
ESTEE LAUDER COMPANIES INC · EL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Alexandra C. Trower
Officer — EVP - Global Communications
Period of report
Oct 31, 2016
Accepted (ET)
Nov 1, 2016 · 1:51 pm EDT
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 | Oct 31, 2016 | M | 8,247 | $0.00 | A | 14,810 | D | |
| Class A Common Stock | Oct 31, 2016 | F | 4,606 | $87.06 | D | 10,204 | 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 | — | Oct 31, 2016 | M | 8,247 | D | — | — | Class A Common Stock | 8,247 | 15,170 | 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, 2013, September 3, 2014 and September 4, 2015.
- F4Remaining RSUs from grants dated September 3, 2014, September 4, 2015 and September 6, 2016 will vest and be paid out as follows: 7,720 on October 31, 2017; 5,079 on October 31, 2018; and 2,371 on October 31, 2019. 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.