UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this 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. (1)
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
4/21/1998
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director (X) 10% Owner (X) Officer (give title below) ( ) Other
(specify below)
Chairman of the Board of Directors and Chief Executive Officer
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
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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 |4/6/19|G |V|15,000 |D | | |D | |
|98 | | | | | | | | |
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Class A Common Stock |4/20/1|G |V|20,000 |D | | |D | |
|998 | | | | | | | | |
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Class A Common Stock |4/21/1|G |V|13,700 |D | |7,423,311 |D | |
|998 | | | | | | | | |
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Class A Common Stock | | | | | | |5,405,548 |I |By Estee Lauder 1994 Trust |
| | | | | | | | |(2,3) |
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Class A Common Stock | | | | | | |1,464,158 |I |By GRAT (2,4) |
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Class A Common Stock | | | | | | |5,585,694 |I |By LAL Family Partners (2,5|
| | | | | | | | |) |
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Class A Common Stock | | | | | | |7,692 |I |By Lauder & Sons (2,6) |
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Class A Common Stock | | | | | | |260,000 |I |By Spouse (7) |
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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) Designated filer on behalf of the Reporting Person and Evelyn H. Lauder
(who is the Reporting Person's
spouse). Mrs. Lauder is an Executive Officer (Senior Corporate Vice President)
of the issuer and she disclaims
beneficial ownership of the securities owned directly and indirectly by her
spouse, except for the 260,000 shares
of Class A Common Stock which she holds directly.
(2) The Reporting Person disclaims beneficial ownership to the extent that he
does not have a pecuniary interest in
such securities.
(3) The Reporting Person is co-Trustee and beneficiary of The Estee Lauder 1994
Trust.
(4) The Reporting Person is grantor of a grantor retained annuity
trust.
(5) The Reporting Person is the sole individual 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.
(6) The Reporting Person is a general partner of Lauder & Sons L.P. The
Reporting Person is also a Trustee of The
1995 Estee Lauder LAL Trust, which is also a general partner in Lauder & Sons
L.P.
(7) The Reporting Person disclaims beneficial ownership of shares owned by his
spouse.
Joint Filer
Information
Name: Evelyn H.
Lauder
Address: The Estee Lauder Companies
Inc.
767 Fifth Avenue
New York, NY 10153
Designated Filer: Leonard A.
Lauder
Issuer and Ticker Symbol: The Estee Lauder Companies Inc.
(EL)
Statement for Month/Year:
4/21/1998
Signature: /s/ Evelyn H.
Lauder
SIGNATURE OF REPORTING PERSON
Leonard A. Lauder
DATE
4/30/1998
