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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
Section 17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
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1. Name and Address of Reporting Person*
The Estee Lauder 2002 Trust (1)
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(Last) (First) (Middle)
c/o Leonard A. Lauder The Estee Lauder Companies 767 Fifth Avenue
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(Street)
New York, NY 10153
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
The Estee Lauder Companies, Inc. (EL)
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3. IRS Identification Number of Reporting Person, if an Entity (Voluntary)
________________________________________________________________________________
4. Statement for Month/Year
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5. If Amendment, Date of Original (Month/Year)
April 2002
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6. Relationship of Reporting Person to Issuer
(Check all applicable)
[_] Director [X] 10% Owner
[_] Officer (give title below) [X] Other (specify below)
Trust with Insider Trustees
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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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6.
4. 5. Owner-
Securities Acquired (A) or Amount of ship
3. Disposed of (D) Securities Form: 7.
Transaction (Instr. 3, 4 and 5) Beneficially Direct Nature of
2. Code ------------------------------- Owned at End (D) or Indirect
1. Transaction (Instr. 8) (A)/ of Month Indirect Beneficial
Title of Security Date ------------ Amount Price (Instr. 3 (I) Ownership
(Instr. 3) (month/date Code V (D) and 4) (Instr.4) (Instr. 4)
/year)
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Class A Common Stock (3) (3), (5) (3), (5)
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$6.50 Cumulative Redeemable
Preferred Stock (3) (3), (6) (3), (6)
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Page 1 of 4
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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10.
9. Owner-
Number ship
of Form
2. Deriv- of
Conver- 5. 7. ative Deriv- 11.
sion Number of Title and Amount Secur- ative Nature
or Derivative 6. of Underlying 8. ities Secur- of
Exer- 4. Securities Date Securities Price Bene- ity: In-
cise 3. Trans- Acquired (A) Exercisable and (Instr. 3 and 4) of ficially Direct direct
Price Trans- action or Disposed Expiration Date ---------------- Deriv- Owned (D) or Bene-
1. of action Code of(D) (Month/Day/Year) Amount ative at End In- ficial
Title of Deriv- Date (Instr. (Instr. 3, ---------------- or Secur- of direct Owner-
Derivative ative (Month/ 8) 4 and 5) Date Expira- Number ity Month (I) ship
Security Secur- Day/ ------ ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr.
(Instr. 3) ity Year) Code V (A)(D) cisable Date Title Shares 5) 4) 4) 4)
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Class B
Common Stock 1:1 4/5/2002 G(2) V 10,188,803 D Immed. NA Class 10,188,803 NA 2,001,049 (3)
A (3)
Common
Stock
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Class B
Common Stock 1:1 4/5/2002 G(2) V 10,188,803 A Immed. NA Class 10,188,803 NA 10,188,803 D(4)
A (4)
Common
Stock
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Contract
(TRACES II) (3) (3) Class (3) (3) (3)
(3) A
Common
Stock
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Explanation of Responses:
(1) Designated filer on behalf of (a) the Reporting Person (the "EL 2002
Trust"), of which RSL and LAL are co-Trustees and beneficiaries, (b)
The Estee Lauder 1994 Trust (the "EL 1994 Trust"), (c) Ronald S. Lauder
("RSL"), a Director, executive officer (Chairman Clinique Laboratories,
Inc.) and a 10% owner of the Issuer, (d) Leonard A. Lauder ("LAL"),
Chairman of the Board of Directors and a 10% owner of the Issuer, and
(e) Evelyn H. Lauder ("EHL") (who is the spouse of LAL), an executive
officer (Senior Corporate Vice President) of the Issuer.
(2) On April 5, 2002, the EL 1994 Trust, of which RSL and LAL were at the
time co-Trustees and beneficiaries, transferred by gift 10,188,803
shares of Class B Common Stock to the Reporting Person in a transaction
that did not affect the beneficial ownership of these shares.
(3) On April 8, 2002, RSL and LAL resigned as co-Trustees of the EL 1994
Trust. As a result of the foregoing, the EL 1994 is no longer subject
to Section 16 and RSL and LAL have ceased to be beneficial owners of
the securities held by the EL 1994 Trust. On April 8, 2002, the EL 1994
Trust owned directly (a) 4,498,951 shares of Class A Common Stock, (b)
2,001,049 shares of Class B Common Stock, (c) 2,916,000 shares of $6.50
Cumulative Redeemable Preferred Stock ("Preferred Stock"), and (d) a
forward purchase agreement (the "Contract") entered into on February
17, 1999 with the Estee Lauder Automatic Common Exchange Security Trust
II (the "TRACES II Trust"), a trust not affiliated with any Reporting
Person of the Issuer, in connection with an offering of certain
securities issued by the TRACES II Trust. The Contract obligates the EL
1994 Trust to deliver to the TRACES II Trust on May 23, 2002 not fewer
than 3,380,200 and not more than 3,988,438 shares of Class A Common
Stock or, at the EL 1994 Trust's option, in lieu of shares, an amount
of cash equal to the then Average Market Price (as defined in the
Contract) of the number of shares otherwise deliverable.
Page 2 of 4
(4) At April 30, 2002, after the transactions above, the amounts of Class B
Common Stock beneficially owned by:
(a) RSL includes (i) 24,255,555 held directly, (ii) 3,182 shares
held indirectly as Trustee of The Descendants of Ronald S.
Lauder 1996 Trust, (iii) 10,188,803 shares held indirectly as
co-Trustee and beneficiary of the EL 2002 Trust, and (iv)
3,846,154 shares held indirectly as a general partner of
Lauder & Sons L.P. (RSL is also a Trustee of The 1995 Estee
Lauder RSL Trust, which is also a general partner of Lauder &
Sons L.P.). RSL disclaims beneficial ownership of the shares
in clauses (ii), (iii) and (iv) to the extent he does not have
a pecuniary interest in such securities.
(b) LAL includes (i) 3,829,216 shares held indirectly as grantor
of a grantor retained annuity trust (the "GRAT"), (ii)
42,705,540 shares held indirectly as the majority stockholder
of LAL Family Corporation, which is the sole general partner
of LAL Family Partners L.P. (a limited partnership in which
LAL has sole voting and investment power), (iii) 3,846,154
shares held indirectly as 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.),
and (iv) 10,188,803 shares held indirectly as co-Trustee and
beneficiary of the EL 2002 Trust. LAL disclaims beneficial
ownership of the shares in clauses (i), (ii), (iii) and (iv)
to the extent he does not have a pecuniary interest in such
securities.
(c) EHL includes 60,569,713 shares held indirectly by her husband,
LAL. EHL disclaims beneficial ownership of securities owned
indirectly by her husband, LAL.
(5) At April 30, 2002, after the transactions above, the amounts of Class A
Common Stock beneficially owned by:
(a) RSL includes (i) 1,000,000 shares held directly, (ii) 3,182
shares held indirectly as Trustee of The Descendants of Ronald
S. Lauder 1996 Trust, (iii) 15,384 shares held indirectly as a
general partner of Lauder & Sons L.P. (RSL is also a Trustee
of The 1995 Estee Lauder RSL Trust, which is also a general
partner of Lauder & Sons L.P.), and (iv) 1,300,000 shares held
indirectly as co-Trustee of The Estee Lauder 2001 Charitable
Trust (the "EL 2001 Trust"). RSL disclaims beneficial
ownership of the shares in clauses (ii), (iii) and (iv) to the
extent he does not have a pecuniary interest in such
securities. RSL has a short position of 7,394,986 shares of
Class A Common Stock established prior to the Issuer's initial
public offering.
(b) LAL includes (i) 5,150,269 shares held directly,
(ii) 2,355, 782 shares held indirectly as grantor of the GRAT,
(iii) 3,579,302 shares held indirectly as the majority
stockholder of LAL Family Corporation, which is the sole
general partner of LAL Family Partners L.P., (a limited
partnership in which LAL has sole voting and investment
power), (iv) 15,384 shares held indirectly as general partner
of Lauder & Sons L.P., (v) 1,300,000 shares held indirectly as
co-Trustee and beneficiary of the EL 2001 Trust, and (vi)
390,000 shares indirectly which are held directly by his wife,
EHL. LAL disclaims beneficial ownership of the shares in
clauses (ii), (iii), (iv) and (v) 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
wife.
(c) EHL includes (i) 390,000 shares held directly, (ii) 5,150,269
shares held directly by her husband, LAL, and (iii) 7,250,468
shares held indirectly by her husband, LAL. EHL disclaims
beneficial ownership of securities owned directly or
indirectly by her husband, LAL.
(6) At April 30, 2002, after the transactions above, RSL did not
beneficially own any shares of Preferred Stock and the amounts of
Preferred Stock beneficially owned by:
(a) LAL includes 683,980 shares held indirectly as co-Trustee and
beneficiary of The LAL 1995 Preferred Stock Trust. LAL
disclaims beneficial ownership of such securities to the
extent he does not have a pecuniary interest in such
securities.
Page 3 of 4
(b) EHL includes 683,980 shares held indirectly by her husband,
LAL. EHL disclaims beneficial ownership of securities owned
directly or indirectly by her husband, LAL.
Reminder: Report on a separate line for each class of securities beneficially,
amend directly or indirectly.
* If the Form is filed by more than one reporting person, see instruction
4(b)(v).
** International misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed.
If space is insufficient, see Instruction 6 for procedure.
Potential persons who are to respond to the collection of information contained
in this Form are not required to respond unless the form displays a currently
valid OMB Number.
/s/ Leonard A. Lauder 8/05/2002
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**Signature of Reporting Person Date
Leonard A. Lauder, Trustee
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