John Demsey Form 4 ESTEE LAUDER COMPANIES / John Demsey ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Demsey John

(Last) (First) (Middle)

THE ESTEE LAUDER COMPANIES INC.

767 FIFTH AVENUE

(Street)

NEW YORK NY 10153

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ESTEE LAUDER COMPANIES INC [ EL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Group President

3. Date of Earliest Transaction (Month/Day/Year)
02/04/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	02/04/2022		M		13,529(1)	A	$138.15	20,136	D
Class A Common Stock	02/04/2022		M		9,719(2)	A	$199.49	29,855	D
Class A Common Stock	02/04/2022		S		1,200(3)	D	$310.02(3)(4)	28,655	D
Class A Common Stock	02/04/2022		S		840(3)	D	$311.38(3)(5)	27,815	D
Class A Common Stock	02/04/2022		S		1,000(3)	D	$312.61(3)(6)	26,815	D
Class A Common Stock	02/04/2022		S		5,889(3)	D	$313.42(3)(7)	20,926	D
Class A Common Stock	02/04/2022		S		12,694(3)	D	$314.92(3)(8)	8,232	D
Class A Common Stock	02/04/2022		S		1,425(3)	D	$315.41(3)(9)	6,807	D
Class A Common Stock	02/04/2022		S		200(3)	D	$316.45(3)(10)	6,607	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (right to buy)	$138.15	02/04/2022		M			13,529	01/01/2020(1)	09/04/2028	Class A Common Stock	13,529	(11)	0	D
Option (right to buy)	$199.49	02/04/2022		M			9,719	01/01/2021(2)	09/03/2029	Class A Common Stock	9,719	(11)	9,719	D

Explanation of Responses:

1. Stock Options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 13,529 shares exercisable from and after January 1, 2020; 13,529 shares exercisable from and after January 1, 2021; 13,529 shares exercisable from and after January 1, 2022.

2. Stock Options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 9,719 shares exercisable from and after January 1, 2021; 9,719 shares exercisable from and after January 1, 2022; 9,719 shares exercisable from and after January 1, 2023.

3. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. The price reported represents the weighted average price. The Reporting Person undertakes to provide to the staff of the SEC, the Issuer, or a stockholder of the Issuer, upon request, the number of shares sold by the Reporting Person at each separate price within the range.

4. Sales prices range from $309.56 to $310.48 per share, inclusive.

5. Sales prices range from $310.95 to $311.90 per share, inclusive.

6. Sales prices range from $312.00 to $312.99 per share, inclusive.

7. Sales prices range from $313.02 to $314.00 per share, inclusive.

8. Sales prices range from $314.11 to $315.10 per share, inclusive.

9. Sales prices range from $315.11 to $316.05 per share, inclusive.

10. Sales prices range from $316.41 to $316.50 per share, inclusive.

11. Not applicable.

Remarks:

	John Demsey, by Maureen Sladek, attorney-in-fact	02/07/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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