Form 4 for EL Estée Lauder Companies (The)
Accepted 2021-11-18 00:00:00 ET · period of report 2021-11-17 · accession 0001001250-21-000223 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2021-11-18 | 2021-11-17 | EL | LAL FAMILY CORP | 10% | S - Sale | $342.23 | -2.00M | 0 | -100% | -$684.46M |
| D | 2021-11-18 | 2021-11-17 | EL | LAL FAMILY CORP | 10% | C - Cnv Deriv | $0.00 | +2.00M | 2.00M | New | $0 |
| D | 2021-11-18 | 2021-11-17 | EL | LAL FAMILY CORP | 10% | C - Cnv Deriv | $0.00 | -2.00M | 80.44M | -2% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2021-11-17 | S | D | 2,000,000 | $342.23 | 0 | D | — | — | (F2) Owned directly by LALFP. The sole general partner of LALFP is LAL Family Corporation ("LALFC"). LALFC indirectly beneficially owns all shares of Class A Common Stock owned by LALFP, to the extent of its pecuniary interest. |
| 2 | Common | Class A Common Stock | 2021-11-17 | C | A | 2,000,000 | $0.00 | 2,000,000 | D | — | — | (F1) LAL Family Partners L.P. ("LALFP") converted shares of Class B Common Stock into an equal number of shares of Class A Common Stock. (F2) Owned directly by LALFP. The sole general partner of LALFP is LAL Family Corporation ("LALFC"). LALFC indirectly beneficially owns all shares of Class A Common Stock owned by LALFP, to the extent of its pecuniary interest. |
| 3 | Derivative | Class B Common Stock | 2021-11-17 | C | D | 2,000,000 | $0.00 | 80,437,628 | D | — · — to — | 2,000,000 Class A Common Stock | (F5) Not applicable. (F2) Owned directly by LALFP. The sole general partner of LALFP is LAL Family Corporation ("LALFC"). LALFC indirectly beneficially owns all shares of Class A Common Stock owned by LALFP, to the extent of its pecuniary interest. (F4) There is no exercise or conversion price for the Class B Common Stock. Shares of Class B Common Stock may be converted immediately on a one-for-one basis by the holder and are automatically converted into Class A Common Stock on a one-for-one basis upon transfer to a person or entity that is not a "Permitted Transferee" (as defined in the Issuer's Restated Certificate of Incorporation) or soon after a record date for a meeting of stockholders where the outstanding Class B Common Stock constitutes less than 10% of the outstanding shares of Common Stock of the Issuer. |