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
2/29/2000
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
7. Individual or Joint/Group Filing (Check Applicable Line)
( ) Form filed by One Reporting Person
(X) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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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 |2/2/20|G |V|287,000 |D | | |D | |
|00 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/2/20|J |V|111,460 |A | | |D | |
|00 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/11/2|S | |28,800 |D |$50.1250 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/11/2|S | |20,000 |D |$50.0000 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/15/2|S | |37,800 |D |$50.0000 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |15,000 |D |$50.5000 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |2,700 |D |$50.2500 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |200 |D |$50.3125 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |600 |D |$50.4375 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |1,000 |D |$50.5000 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |1,000 |D |$50.5625 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |600 |D |$50.6250 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |1,500 |D |$50.7500 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |200 |D |$50.8125 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |500 |D |$50.8750 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |400 |D |$50.9375 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |300 |D |$51.1250 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |300 |D |$51.2500 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/16/2|S | |700 |D |$51.3125 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |5,000 |D |$50.0000 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |10,000 |D |$50.1250 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |17,900 |D |$50.2500 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |500 |D |$50.3125 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |5,000 |D |$50.3750 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |21,500 |D |$50.5000 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |7,500 |D |$50.5625 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |4,500 |D |$50.6250 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |15,500 |D |$50.7500 | |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/17/2|S | |1,000 |D |$50.8750 |9,822,452 (2) |D | |
|000 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock | | | | | | |7,370,561 (2) |I |By EL 1994 Trust (2) |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock |2/2/20|J |V|111,460 |D | |2,670,854 (2) |I |By GRAT (2) |
|00 | | | | | | | | |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock | | | | | | |6,779,302 (2) |I |By LAL Family Partners L.P.|
| | | | | | | | | (2) |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock | | | | | | |15,384 (2) |I |By Lauder & Sons L.P. (2) |
- -----------------------------------------------------------------------------------------------------------------------------------|
Class A Common Stock | | | | | | |520,000 (2) |I |By Spouse (2) |
- -----------------------------------------------------------------------------------------------------------------------------------|
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
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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</TABLE>
Explanation of Responses:
1. The Reporting Person, Leonard A. Lauder ("LAL"), Chairman of the Board of
Directors and a ten percent owner of the issuer, is the designated filer
on behalf
of:
(a)
Himself;
(b) Evelyn H. Lauder ("EHL") (who is the wife of LAL), an Executive Officer
(Senior Corporate Vice President) of the issuer;
(c) The 1992 Leonard A. Lauder Grantor Retained Annuity Trust (the "GRAT"), a
ten percent owner of the issuer (LAL is grantor of the GRAT);
(d) William P. Lauder ("WPL"), a Director, an Executive Officer (President of
Clinique Laboratories, Inc.), a ten percent owner of the issuer and a
Trustee of the GRAT;
and
(e) Gary M. Lauder ("GML"), ten percent owner of the issuer and a Trustee of
the GRAT.
As reported on the first page of this Form
4:
(a) on February 2, 2000, LAL made a gift of 287,000 shares of Class A Common
Stock;
(b) on February 2, 2000, the GRAT distributed 111,460 shares of Class A Common
Stock to LAL, in connection with the annuity; and
(c) from February 11, 2000, through February 17, 2000, LAL sold a total of
200,000 shares of Class A Common Stock.
2. After these transactions, the amounts of Class A Common Stock beneficially
owned by:
(a) LAL includes (LAL disclaims beneficial ownership of the shares in clauses
(ii),(iii),(iv) and (v) below to the extent he does not have a pecuniary
interest in such securities and he disclaims beneficial ownership of the shares
in clause (vi) owned by his spouse):
(i) 9,822,452 shares held
directly;
(ii) 7,370,561 shares held indirectly as a co-Trustee and beneficiary of The
Estee Lauder 1994 Trust (does not include the ownership of 12,189,852
shares of Class B Common Stock, which are convertible into a like number of
shares of Class A Common Stock);
(iii) 2,670,854 shares held indirectly as grantor of the GRAT (does not include
the ownership of 3,829,216 shares of Class B Common Stock, which
are convertible into a like number of shares of Class A Common
Stock);
(iv) 6,779,302 shares held indirectly as 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 the LAL Family Partners
L.P. (a limited partnership in which LAL has sole voting and investment
power) (does not include the ownership of 42,705,540 shares of Class B Common
Stock, which are convertible into a like number of shares of Class
A Common
Stock);
(v) 15,384 shares held indirectly as a general partner of Lauder & Sons L.P.
(LAL is also a trustee of The 1995 Estee Lauder LAL Trust, which is also
a general partner of Lauder & Sons L.P.) (does not include the ownership of
3,846,154 shares of Class B Common Stock, which are convertible into a
like number of shares of Class A Common Stock); and
(vi) 520,000 shares held indirectly which are held directly by his wife, EHL.
(b) The GRAT includes 2,670,854 shares held directly and no shares held
indirectly (see (a)(iii) above regarding Class B shares). On June 2, 1999,
the Class A Common Stock split 2-for-1. Accordingly, the GRAT acquired
1,391,157 shares of Class A Common Stock.
(c) EHL includes (EHL disclaims beneficial ownership of securities owned
directly and indirectly by her spouse, LAL):
(i) 520,000 shares held directly;
(ii) 9,822,452 shares held directly by her spouse, LAL; and
(iii) 16,836,101 shares held indirectly by her spouse, LAL (see (a)(ii), (iii),
(iv) and (v) above regarding Class B shares).
(d) WPL includes 2,055,270 shares held directly and 2,670,854 shares held
indirectly through the GRAT; WPL disclaims beneficial ownership of the
shares held by the GRAT to the extent he does not have a pecuniary interest in
such securities.
(e) GML includes 185,520 shares held directly and 2,670,854 shares held
indirectly through the GRAT; GML disclaims beneficial ownership of the
shares held by the GRAT to the extent he does not have a pecuniary interest in
such securities.
Joint Filer
Information
Name: The 1992 Leonard A. Lauder Grantor Retained Annuity
Trust
Address: c/o: William P. Lauder,
Trustee
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)
Date of Event Requiring Statement:
2/29/2000
Signature: /s/ William P. Lauder,
Trustee
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)
Date of Event Requiring Statement:
2/29/2000
Signature: /s/ Evelyn H.
Lauder
Name: William P.
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)
Date of Event Requiring Statement:
2/29/2000
Signature: /s/ William P.
Lauder
Name: Gary M.
Lauder
Address: ICTV
Inc.
14600 Winchester
Boulevard
Los Gatos, CA
95030
Designated Filer: Leonard A.
Lauder
Issuer and Ticker Symbol: The Estee Lauder Companies Inc.
(EL)
Date of Event Requiring Statement:
2/29/2000
Signature: /s/ Gary M.
Lauder
SIGNATURE OF REPORTING PERSON
Leonard A. Lauder
DATE
3/1/2000
