U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Lauder, Leonard A.
The Estee Lauder Companies Inc.
767 Fifth Avenue
New York, NY 10153
2. Issuer Name and Ticker or Trading Symbol
The Estee Lauder Companies Inc.
EL
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
8/1996
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman of the Board and Chief Executive Officer
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Class A Common Stock |8/12/9|G |V|60,000 |D | |7,936,348 |D | |
|6 | | | | | | | | |
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Class A Common Stock | | | | | | |8,439,453 |I |By Estee Lauder 1994 Trust |
| | | | | | | | |(1,2) |
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Class A Common Stock | | | | | | |1,685,251 |I |By GRAT (1,3) |
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Class A Common Stock | | | | | | |8,548,423 |I |By LAL Family Partners (1,4|
| | | | | | | | |) |
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Class A Common Stock | | | | | | |7,692 |I |By Lauder & Sons L.P. (1,5)|
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Class A Common Stock |8/12/9|G |V|60,000 |A | |160,000 |I |By Spouse (6) |
|6 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
| | | | | | | | | | | | | | |
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Explanation of Responses:
1. The Reporting Person disclaims beneficial ownership to the extent he does
not have a pecuniary interest in
such securities.
2. The Reporting Person is co-Trustee and beneficiary of The Estee Lauder 1994
Trust. The Estee Lauder 1994
Trust has a short position of 5,500,000 shares of Class A Common Stock.
3. The Reporting Person is the grantor of a grantor retained annuity trust.
4. The Reporting Person is the sole individual general partner of LAL Family
Partners L.P. and the majority
stockholder of LAL Family Corporation, which is the sole corporate partner of
LAL Family Partners L.P. LAL
Family Partners L.P. is a limited partnership in which the Reporting Person has
sole voting and investment power.
5. The Reporting Person is a general partner of Lauder and Sons L.P. The
Reporting Person is also a Trustee of
The 1995 Estee Lauder LAL Trust, which is also a general partner of Lauder and
Sons L.P.
6. The Reporting Person disclaims beneficial ownership of shares owned by his
spouse.
SIGNATURE OF REPORTING PERSON
Leonard A. Lauder
