SEC Form 4 · accession 0001001250-17-000105
ESTEE LAUDER COMPANIES INC · EL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory Polcer
Officer — EVP - Global Supply Chain
Period of report
Oct 31, 2017
Accepted (ET)
Nov 2, 2017 · 5:59 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,F2 | Oct 31, 2017 | M | 7,872 | $0.00 | A | 77,781 | D | |
| Class A Common Stock | Oct 31, 2017 | F | 4,396 | $111.40 | D | 73,385 | D | |
| Class A Common StockF4 | Nov 1, 2017 | M | 53,896 | $29.04 | D | 127,281 | D | |
| Class A Common Stock | Nov 1, 2017 | S | 53,896 | $120.00 | D | 73,385 | D | |
| Class A Common StockF6,F7 | Nov 2, 2017 | S | 1,800 | $119.68 | D | 71,585 | D | |
| Class A Common StockF6,F8 | Nov 2, 2017 | S | 1,476 | $120.32 | D | 70,109 | D | |
| Class A Common StockF6,F9 | Nov 2, 2017 | S | 200 | $121.56 | D | 69,909 | 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)F10,F2,F11 | $0.00 | Oct 31, 2017 | M | 2,534 | D | Oct 31, 2017 | Oct 31, 2017 | Class A Common Stock | 2,534 | 0 | D |
| Restricted Stock Units (Share Payout)F10,F2,F12 | $0.00 | Oct 31, 2017 | M | 2,790 | D | Oct 31, 2018 | Oct 31, 2018 | Class A Common Stock | 2,790 | 2,790 | D |
| Restricted Stock Units (Share Payout)F10,F2,F13 | $0.00 | Oct 31, 2017 | M | 2,548 | D | Oct 31, 2018 | Oct 31, 2019 | Class A Common Stock | 2,548 | 5,097 | D |
| Option (Right to Buy)F2,F4 | $29.04 | Nov 1, 2017 | M | 53,896 | D | Jan 1, 2012 | Sep 1, 2020 | Class A Common Stock | 53,896 | 0 | D |
Explanation of responses
- F1Payout of shares upon vesting of portions of Restricted Stock Units ("RSUs") granted September 3, 2014, September 4, 2015 and September 6, 2016.
- F10RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. RSUs generally vest in three approximately equal installments. Upon payout, additional 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.
- F11RSUs from grant dated September 3, 2014.
- F12RSUs from grant dated September 4, 2015. Assuming continued employment, RSUs will vest and be paid out as follows: 2,790 on October 31, 2018.
- F13RSUs from grant dated September 6, 2016. Assuming continued employment, RSUs will vest and be paid out as follows: 2,548 on October 31, 2018; and 2,549 on October 31, 2019.
- F2Not applicable.
- F3Represents the withholding of shares for tax purposes.
- F4Stock Options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 26,298 shares exercisable from and after January 1, 2012; 26,298 shares exercisable from and after January 1, 2013; 26,300 shares exercisable from and after January 1, 2014.
- F5The sales of the shares of Class A Common Stock were made pursuant to a Rule 10b5-1(c) trading plan entered into on September 8, 2017.
- F6The number of securities reported represents an aggregated number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.
- F7Sales prices range from $119.06 to $120.05.
- F8Sales prices range from $120.12 to $120.58.
- F9Sales prices range from $121.21 to $121.90.