LAL FAMILY PARTNERS LP 4
4 · ESTEE LAUDER COMPANIES INC · Filed Sep 5, 2019
Insider Transaction Report
Form 4
LAL FAMILY PARTNERS LP
10% Owner
Transactions
- Conversion
Class A Common Stock
2019-09-04+2,000,000→ 2,000,000 total - Conversion
Class B Common Stock
2019-09-04−2,000,000→ 86,437,628 total→ Class A Common Stock (2,000,000 underlying) - Sale
Class A Common Stock
2019-09-04$196.00/sh−2,000,000$392,000,000→ 0 total
Footnotes (4)
- [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]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.
- [F3]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.
- [F4]Sold by by LAL Family Partners, L.P. ("LALFP").