SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a)
AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. ____)
The Estee Lauder Companies Inc.
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(Name of Issuer)
Class A Common Stock 518439 10 4
par value $.01 per share
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(Title of class of securities) (CUSIP number)
Carol S. Boulanger
Winthrop, Stimson, Putnam & Roberts
One Battery Park Plaza
New York, New York 10004-1490
(212) 858-1000
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(Name, address and telephone number of person authorized to receive notices
and communications)
January 1, 1999
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(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(f)or 13d-1(g) check the following box [_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
(Continued on following page(s))
(Page 1 of 13 Pages)
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NYFS11...:\90\44090\0009\2579\13D1069P.04C
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CUSIP No. 518439 10 4 13D Page 2 of 13
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1 NAME OF REPORTING PERSON: Anthony E. Malkin, trustee
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A (See Item 3)
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [_]
PURSUANT TO ITEM 2(d) OR 2(e):
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6 CITIZENSHIP OR PLACE OF USA
ORGANIZATION:
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NUMBER OF 7 SOLE VOTING POWER: 1,150,579
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 0
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 1,150,579
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 0
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY 1,150,579
REPORTING PERSON:
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES [_]
CERTAIN SHARES: N/A
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 1.9%
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14 TYPE OF REPORTING PERSON: IN
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Item 1. Security and Issuer
The title of the class of equity security to which this statement on
Schedule 13D relates is the Class A Common Stock, par value $.01 per share (the
"Class A Common Stock"), of The Estee Lauder Companies Inc. (the "Issuer"). The
address of the Issuer's principal executive office is 767 Fifth Avenue, New
York, New York 10153.
Item 2. Identity and Background
The name of the person filing this statement is Anthony E. Malkin,
as trustee (referred to herein as the "Reporting Person"). The Reporting
Person's home address is 107 Doubling Road, Greenwich, Connecticut 06830.
The Reporting Person is President of W & M Properties of
Connecticut, Inc., whose principal offices are located at One Station Place,
Stamford, CT 06902.
During the last five years, the Reporting Person has not (i) been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors), or (ii) been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or
state securities laws or finding any violation with respect to such laws.
The Reporting Person is a citizen of the United States of America.
Item 3. Source and Amount of Funds or Other Consideration
Effective as of January 1, 1999, the Reporting Person has agreed to
act as a successor trustee of the Separate Share Trust f/b/o William P. Lauder
u/a/d December 15, 1976, created by Leonard A. Lauder, as Grantor (the "William
Lauder Separate Share Trust"). By virtue of his acceptance of this position, the
Reporting Person became the indirect beneficial owner of the 578,852 shares of
Class A Common Stock and 571,727 shares of Class B Common Stock, par value $.01
per share, of the Issuer (the "Class B Common Stock") owned by the William
Lauder Separate Share Trust (see Item 5 below). No consideration was paid by the
Reporting Person for these securities. A statement on Schedule 13G relating to
these securities previously has been filed by each of Joel S. Ehrenkranz and
Carol S. Boulanger, the former trustees of the William Lauder Separate Share
Trust who resigned as trustees effective at the end of the day on December 31,
1998,
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and by the William Lauder Separate Share Trust jointly with the Separate Share
Trust f/b/o Gary M. Lauder u/a/d December 15, 1976, created by Leonard A.
Lauder, as Grantor (the "Gary Lauder Separate Share Trust"). This statement on
Schedule 13D is being filed merely as a result of the Reporting Person becoming
a successor trustee of the William Lauder Separate Share Trust.
Item 4. Purpose of Transaction
Effective as of January 1, 1999, the Reporting Person has agreed to
act as a successor trustee of the William Lauder Separate Share Trust. By virtue
of his acceptance of this position, the Reporting Person became the indirect
beneficial owner of the 578,852 shares of Class A Common Stock and 571,727
shares of Class B Common Stock owned by the William Lauder Separate Share Trust.
As the sole successor trustee, the Reporting Person shall have sole voting and
dispositive power over these securities for the benefit of William P. Lauder,
the beneficiary of the William Lauder Separate Share Trust. No consideration was
paid by the Reporting Person for these securities. A statement on Schedule 13G
relating to these securities previously has been filed by each of Joel S.
Ehrenkranz and Carol S. Boulanger, the former trustees of the William Lauder
Separate Share Trust who resigned as trustees effective at the end of the day on
December 31, 1998, and by the William Lauder Separate Share Trust jointly with
the Gary Lauder Separate Share Trust. This statement on Schedule 13D is being
filed merely as a result of the Reporting Person becoming a successor trustee of
the William Lauder Separate Share Trust.
The Reporting Person has no present plans or intentions which relate
to or would result in any of the actions described in subparagraphs (a) through
(j) of Item 4 of Schedule 13D.
Item 5. Interest in Securities of Issuer
(a) As of January 1, 1999, the Reporting Person beneficially owned
1,150,579 shares of Class A Common Stock as follows: 578,852 shares of Class A
Common Stock and 571,727 shares of Class B Common Stock held indirectly as the
successor trustee of the William Lauder Separate Share Trust. The Reporting
Person disclaims beneficial ownership of the 578,852 shares of Class A Common
Stock and 571,727 shares of Class B Common Stock held indirectly as successor
trustee of the William Lauder Separate Share Trust.
Each share of Class B Common Stock is convertible at the option of
the holder into one share of Class A Common Stock
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and is automatically converted into one share of Class A Common Stock upon
transfer to a person who is not a Permitted Transferee, as that term is defined
in the Issuer's Certificate of Incorporation. Assuming conversion of all such
shares of Class B Common Stock beneficially owned by the Reporting Person, the
Reporting Person would beneficially own 1,150,579 shares of Class A Common
Stock, which would constitute 1.9% of the number of shares of Class A Common
Stock outstanding (based on the number of shares of Class A Common Stock
outstanding as of January 1, 1999).
Each share of Class A Common Stock entitles the holder to one vote
on each matter submitted to a vote of the Issuer's stockholders and each share
of Class B Common Stock entitles the holder to ten votes on each such matter,
including the election of directors of the Issuer. Assuming no conversion of any
of the outstanding shares of Class B Common Stock, the 578,852 shares of Class A
Common Stock and the 571,727 shares of Class B Common Stock beneficially owned
by the Reporting Person constitute 1.0% of the aggregate voting power of the
Issuer.
(b) The Reporting Person, as the sole trustee of the William Lauder
Separate Share Trust, has sole voting and dispositive power with respect to the
578,852 shares of Class A Common Stock and the 571,727 shares of Class B Common
Stock owned by the William Lauder Separate Share Trust.
(c) The Reporting Person has not had any other transactions in the
Class A Common Stock that were effected during the past sixty days.
(d) The Reporting Person, as the sole trustee of the William Lauder
Separate Share Trust, has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of the 578,852 shares
of Class A Common Stock and 571,727 shares of Class B Common Stock owned by the
William Lauder Separate Share Trust. William P. Lauder, as the beneficiary of
the William Lauder Separate Share Trust, has the right to receive the net income
from the William Lauder Separate Share Trust.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships With Respect to Securities of the Issuer
Effective as of January 1, 1999, the Reporting Person,
by virtue of his becoming a successor trustee of the William
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Lauder Separate Share Trust, became a party to a Stockholders' Agreement (the
"Stockholders' Agreement"), dated November 22, 1995, as amended, among the
parties listed on Exhibit E attached hereto. The stockholders who are parties to
the Stockholders' Agreement have agreed to vote in favor of the election of
Leonard A. Lauder and Ronald S. Lauder and one designee of each as directors of
the Issuer. The Stockholders' Agreement also contains certain limitations on the
transfer of shares of Class A Common Stock. Each stockholder who is a party to
the Stockholders' Agreement has agreed to grant to the other parties a right of
first offer to purchase shares of Class A Common Stock of the stockholder in the
event the stockholder intends to sell to a person (or group of persons) who is
not a Lauder Family Member, as defined therein, except in certain circumstances,
such as sales in a widely distributed underwritten public offering or sales made
in compliance with Rule 144.
Effective as of January 1, 1999, the Reporting Person, by virtue of
his becoming a successor trustee of the William Lauder Separate Share Trust,
also became a party to a Registration Rights Agreement (the "Registration Rights
Agreement"), dated November 22, 1995, as amended, among the parties listed on
Exhibit I attached hereto. Pursuant to the Registration Rights Agreement, the
Reporting Person has an unlimited number of piggyback registration rights in
respect of the shares of Class A Common Stock owned by the William Lauder
Separate Share Trust. These piggyback registration rights allow the Reporting
Person to include the shares of Class A Common Stock owned by the William Lauder
Separate Share Trust in any registration statement filed by the Issuer, subject
to certain limitations. In addition to the piggyback registration rights,
Leonard A. Lauder and Ronald S. Lauder may assign their demand registration
rights under the Registration Rights Agreement to the Reporting Person.
The Reporting Person is not party to any other contract,
arrangement, understanding or relationship (legal or otherwise) with respect to
the securities of the Issuer.
Item 7. Material to Be Filed as Exhibits
Exhibit A Form of Stockholders' Agreement (filed as Exhibit
10.1 to the Issuer's Registration Statement on
Form S-1 (no. 33-97180) on November 13, 1995 (the
S-1)).*
Exhibit B Amendment No. 1 to Stockholders' Agreement (filed
as Exhibit 10.1 to the Issuer's Quarterly Report
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on Form 10-Q for the quarter ended September 30,
1996).*
Exhibit C Amendment No. 2 to Stockholders' Agreement (filed
as Exhibit 10.2 to the Issuer's Quarterly Report
on Form 10-Q for the quarter ended December 31,
1996).*
Exhibit D Amendment No. 3 to Stockholders' Agreement (filed
as Exhibit 10.2 to the Issuer's Quarterly Report
on Form 10-Q for the quarter ended March 31, 1997
(the "FY 1997 Q3 10-Q)).*
Exhibit E List of parties to Stockholders' Agreement.
Exhibit F Form of Registration Rights Agreement (filed as
Exhibit 10.2 to the S-1).*
Exhibit G First Amendment to Registration Rights Agreement (filed as
Exhibit 10.3 to the Company's Annual Report on Form 10-K for
the fiscal year ended June 30, 1996).*
Exhibit H Second Amendment to Registration Rights Agreement
(filed as Exhibit 10.1 to the FY 1997 Q3 10-Q).*
Exhibit I List of parties to Registration Rights Agreement.
* Incorporated by reference
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Signature
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: January 11, 1999
/s/ Anthony E. Malkin
--------------------------
Anthony E. Malkin, trustee
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EXHIBIT INDEX
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Exhibit A Form of Stockholders' Agreement (filed as Exhibit
10.1 to the Issuer's Registration Statement on
Form S-1 (no. 33-97180) on November 13, 1995 (the
S-1)).*
Exhibit B Amendment No. 1 to Stockholders' Agreement (filed
as Exhibit 10.1 to the Issuer's Quarterly Report
on Form 10-Q for the quarter ended September 30,
1996).*
Exhibit C Amendment No. 2 to Stockholders' Agreement (filed
as Exhibit 10.2 to the Issuer's Quarterly Report
on Form 10-Q for the quarter ended December 31,
1996).*
Exhibit D Amendment No. 3 to Stockholders' Agreement (filed
as Exhibit 10.2 to the Issuer's Quarterly Report
on Form 10-Q for the quarter ended March 31, 1997
(the "FY 1997 Q3 10-Q)).*
Exhibit E List of parties to Stockholders' Agreement.
Exhibit F Form of Registration Rights Agreement (filed as
Exhibit 10.2 to the S-1).*
Exhibit G First Amendment to Registration Rights Agreement (filed as
Exhibit 10.3 to the Company's Annual Report on Form 10-K for
the fiscal year ended June 30, 1996).*
Exhibit H Second Amendment to Registration Rights Agreement
(filed as Exhibit 10.1 to the FY 1997 Q3 10-Q).*
Exhibit I List of parties to Registration Rights Agreement.
* Incorporated by reference
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EXHIBIT E
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List of Parties to the Stockholders' Agreement
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Leonard A. Lauder, (a) individually, (b) as Trustee of The Estee Lauder 1994
Trust and (c) as Trustee of The 1995 Estee Lauder LAL Trust
Ronald S. Lauder, (a) individually, (b) as Trustee of The Descendents of Ronald
S. Lauder 1966 Trust, (c) as Trustee of The Estee Lauder 1994 Trust and (d) as
Trustee of The 1995 Estee Lauder RSL Trust
William P. Lauder, (a) individually and (b) as Trustee of The
1992 Leonard A. Lauder Grantor Retained Annuity Trust
Gary M. Lauder, (a) individually and (b) as Trustee of The 1992
Leonard A. Lauder Grantor Retained Annuity Trust
LAL Family Partners L.P.
Lauder & Sons L.P.
Joel S. Ehrenkranz, (a) as Trustee of The 1992 Leonard A. Lauder
Grantor Retained Annuity Trust and (b) as Trustee of The 1995
Estee Lauder LAL Trust
Richard D. Parsons, (a) as Trustee of the Trust f/b/o Aerin Lauder and Jane
Lauder u/a/d December 15, 1976, created by Estee Lauder and Joseph H. Lauder, as
Grantors, (b) as Trustee of the Trust f/b/o Aerin Lauder and Jane Lauder u/a/d
December 15, 1976, created by Ronald S. Lauder, as Grantor and (c) as Trustee of
The 1995 Estee Lauder RSL Trust
Ira T. Wender, (a) as Trustee of The Estee Lauder 1994 Trust, (b) as Trustee of
The 1995 Estee Lauder LAL Trust and (c) as Trustee of The 1995 Estee Lauder RSL
Trust
The Estee Lauder Companies Inc.
The Ronald S. Lauder Foundation
Daniel J. Aaron, as Trustee of the Separate Share Trust f/b/o
Gary M. Lauder u/a/d December 15, 1976, created by Leonard A.
Lauder, as Grantor
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Anthony E. Malkin, as Trustee of the Separate Share Trust f/b/o
William P. Lauder u/a/d December 15, 1976, created by Leonard A.
Lauder, as Grantor
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EXHIBIT I
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List of Parties to the Registration Rights Agreement
----------------------------------------------------
Leonard A. Lauder, (a) individually, (b) as Trustee of The Estee Lauder 1994
Trust and (c) as Trustee of The 1995 Estee Lauder LAL Trust
Ronald S. Lauder, (a) individually, (b) as Trustee of The Descendents of Ronald
S. Lauder 1966 Trust, (c) as Trustee of The Estee Lauder 1994 Trust and (d) as
Trustee of The 1995 Estee Lauder RSL Trust
William P. Lauder, (a) individually and (b) as Trustee of The
1992 Leonard A. Lauder Grantor Retained Annuity Trust
Gary M. Lauder, (a) individually and (b) as Trustee of The 1992
Leonard A. Lauder Grantor Retained Annuity Trust
Aerin Lauder Zinterhofer
Jane Lauder
LAL Family Partners L.P.
Lauder & Sons L.P.
Joel S. Ehrenkranz, (a) as Trustee of The 1992 Leonard A. Lauder
Grantor Retained Annuity Trust and (b) as Trustee of The 1995
Estee Lauder LAL Trust
Richard D. Parsons, (a) as Trustee of the Trust f/b/o Aerin Lauder and Jane
Lauder u/a/d December 15, 1976, created by Estee Lauder and Joseph H. Lauder, as
Grantors, (b) as Trustee of the Trust f/b/o Aerin Lauder and Jane Lauder u/a/d
December 15, 1976, created by Ronald S. Lauder, as Grantor and (c) as Trustee of
The 1995 Estee Lauder RSL Trust
Ira T. Wender, (a) as Trustee of The Estee Lauder 1994 Trust, (b) as Trustee of
The 1995 Estee Lauder LAL Trust and (c) as Trustee of The 1995 Estee Lauder RSL
Trust
The Estee Lauder Companies Inc.
Daniel J. Aaron, as Trustee of the Separate Share Trust f/b/o
Gary M. Lauder u/a/d December 15, 1976, created by Leonard A.
Lauder, as Grantor
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Anthony E. Malkin, as Trustee of the Separate Share Trust f/b/o
William P. Lauder u/a/d December 15, 1976, created by Leonard A.
Lauder, as Grantor
Morgan Guaranty Trust Company of New York, in its capacity as
pledgee of Ronald S. Lauder
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