SEC Form 4 · accession 0001001250-17-000077
ESTEE LAUDER COMPANIES INC · EL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carl P. Haney
Officer — EVP-Global R&D
Period of report
Sep 5, 2017
Accepted (ET)
Sep 7, 2017 · 4:41 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 | Sep 5, 2017 | A | 6,293 | $0.00 | A | 13,324 | D | |
| Class A Common Stock | Sep 5, 2017 | F | 3,513 | $107.87 | D | 9,811 | D | |
| Class A Common Stock | Sep 6, 2017 | S | 9,039 | $108.00 | D | 772 | D | |
| Class A Common Stock | Sep 6, 2017 | S | 100 | $108.01 | D | 672 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Option (Right to Buy)F3,F4 | $107.95 | Sep 5, 2017 | A | 22,677 | A | — | Sep 5, 2027 | Class A Common Stock | 22,677 | 22,677 | D |
| Restricted Stock Units (Share Payout)F5,F4 | $0.00 | Sep 5, 2017 | A | 6,191 | A | — | — | Class A Common Stock | 6,191 | 6,191 | D |
Explanation of responses
- F1Reflects payout of Performance Share Units ("PSUs") granted to Reporting Person on September 3, 2014.
- F2Represents the withholding of shares for tax purposes in connection with the payout of the PSUs.
- F3Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 7,559 shares exercisable from and after January 1, 2019; 7,559 shares exercisable from and after January 1, 2020; and 7,559 shares exercisable from and after January 1, 2021.
- F4Not applicable.
- F5Assuming continued employment, these Restricted Stock Units ("RSUs") will vest and be paid out as follows: 2,063 on October 31, 2018; 2,064 on October 31, 2019; and 2,064 on November 2, 2020. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. Upon payout, shares will be withheld to cover 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.