Lal Family Partners Lp - Nov 17, 2021 Form 4 Insider Report for ESTEE LAUDER COMPANIES INC (EL)

Role
10%+ Owner
Signature
LAL Family Partners L.P., by Maureen Sladek, Attorney-in-fact
Stock symbol
EL
Transactions as of
Nov 17, 2021
Transactions value $
-$684,460,000
Form type
4
Date filed
11/18/2021, 03:41 PM

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction EL Class A Common Stock Conversion of derivative security $0 +2M $0.00 2M Nov 17, 2021 Direct F1, F2
transaction EL Class A Common Stock Sale -$684M -2M -100% $342.23 0 Nov 17, 2021 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction EL Class B Common Stock Conversion of derivative security $0 -2M -2.43% $0.00 80.4M Nov 17, 2021 Class A Common Stock 2M Direct F1, F2, F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 LAL Family Partners L.P. ("LALFP") converted shares of Class B Common Stock into an equal number of shares of Class A Common Stock.
F2 Owned directly by LALFP. The sole general partner of LALFP is LAL Family Corporation ("LALFC"). LALFC indirectly beneficially owns all shares of Class A Common Stock owned by LALFP, to the extent of its pecuniary interest.
F3 Sold by LALFP.
F4 There is no exercise or conversion price for the Class B Common Stock. Shares of Class B Common Stock may be converted immediately on a one-for-one basis by the holder and are automatically converted into Class A Common Stock on a one-for-one basis upon transfer to a person or entity that is not a "Permitted Transferee" (as defined in the Issuer's Restated Certificate of Incorporation) or soon after a record date for a meeting of stockholders where the outstanding Class B Common Stock constitutes less than 10% of the outstanding shares of Common Stock of the Issuer.
F5 Not applicable.