SEC Form 4 · accession 0001001250-17-000048
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
Jun 30, 2017
Accepted (ET)
Jul 5, 2017 · 1:27 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 | Jun 30, 2017 | M | 32,552 | $0.00 | A | 105,726 | D | |
| Class A Common Stock | Jun 30, 2017 | F | 16,672 | $96.09 | D | 89,054 | 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 | — | Jun 30, 2017 | M | 32,552 | D | — | — | Class A Common Stock | 32,552 | 84,242 | 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 portion of RSUs granted September 24, 2012.
- F4Additional RSUs from grants dated September 3, 2014, September 4, 2015 and September 6, 2016, will vest and be paid out as follows: 42,108 on October 31, 2017; 28,443 on October 31, 2018; and 13,691 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.