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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(RULE 13D-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED
PURSUANT TO RULES 13D-1(B), (C) AND (D) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B)
THE ESTEE LAUDER COMPANIES INC.
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(NAME OF ISSUER)
CLASS A COMMON STOCK, 518439 10 4
PAR VALUE $.01 PER SHARE
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(TITLE OF CLASS OF SECURITIES) (CUSIP NUMBER)
DECEMBER 31, 2002
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(DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT)
CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE
IS FILED:
[ ] RULE 13D-1(B)
[ ] RULE 13D-1(C)
[X] RULE 13D-1(D)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 or otherwise subject to the liabilities of that section of the Act but
shall be subject to all other provisions of the Act (however, see the Notes).
Continued on Following Pages
Page 1 of 8 Pages
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CUSIP No. 518439 10 4 13G Page 2 of 8
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1 NAME OF REPORTING PERSONS: THE ESTEE LAUDER 1994 TRUST
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [ ]
(B) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
------------------------------------ ------ ------------------------------------------------ --------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 6,500,000
SHARES
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BENEFICIALLY 6 SHARED VOTING POWER: --
OWNED BY
------ ------------------------------------------------ --------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 6,500,000
REPORTING
------ ------------------------------------------------ --------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: --
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 6,500,000** SEE ITEM 4
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* N/A
[ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.16%
** SEE ITEM 4
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12 TYPE OF REPORTING PERSON: OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
2
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CUSIP No. 518439 10 4 13G Page 3 of 8
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1 NAME OF REPORTING PERSONS: RONALD WEINTRAUB
S.S. or I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY):
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
(A) [ ]
(B) [ ]
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3 SEC USE ONLY
----------------------------- --------------------------------------------------- -------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION: NEW YORK
------------------------------------ ------ ------------------------------------------------ --------------------------------------
NUMBER OF 5 SOLE VOTING POWER: 6,500,000
SHARES
------ ------------------------------------------------ --------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER: --
OWNED BY
------ ------------------------------------------------ --------------------------------------
EACH 7 SOLE DISPOSITIVE POWER: 6,500,000
REPORTING
------ ------------------------------------------------ --------------------------------------
PERSON WITH 8 SHARED DISPOSITIVE POWER: --
----------------------------- -------------------------------------------------------------- --------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON: 6,500,000** SEE ITEM 4
----------------------------- -----------------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES:* N/A
[ ]
----------------------------- -----------------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9): 5.16%
** SEE ITEM 4
----------------------------- --------------------------------------------------- -------------------------------------------------
12 TYPE OF REPORTING PERSON: IN
----------------------------- --------------------------------------------------- -------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
3
ITEM 1. IDENTITY OF ISSUER
(a) The name of the issuer is The Estee Lauder Companies Inc.
(the "Issuer").
(b) The address of the Issuer's principal executive office is
767 Fifth Avenue, New York, New York 10153.
ITEM 2. IDENTITY OF PERSON FILING
(a) - (c) This report is being filed by The Estee Lauder 1994 Trust
(the "EL 1994 Trust") and Ronald Weintraub, as sole
trustee of the EL 1994 Trust (collectively the "Reporting
Persons"). The business address of the Reporting Persons
is c/o George E.B. Maguire, Debevoise & Plimpton, 919
Third Avenue, New York, New York 10022. The EL 1994 Trust
was organized in the State of New York. Mr. Weintraub is a
citizen of the United States.
(d) - (e) This report covers the Issuer's Class A Common Stock, par
value $.01 per share (the "Class A Common Stock"). The
CUSIP number of the Class A Common Stock is 518439 10 4.
ITEM 3.
Not Applicable.
ITEM 4. OWNERSHIP
(a) At December 31, 2002, the Reporting Persons beneficially
owned 6,500,000 shares of Class A Common Stock as follows:
4, 498,951 shares of Class A Common Stock and 2,001,049
shares of Class B Common Stock, par value $.01 per share,
of the Issuer (the "Class B Common Stock") held directly
by the EL 1994 Trust and indirectly by Mr. Weintraub as
sole trustee of the EL 1994 Trust.
In May 2002, the EL 1994 Trust entered into a forward
purchase agreement (the "Forward Purchase Contract")
withJPMorgan Chase Bank ("Morgan"), which is not
affiliated with the Reporting Person or the Issuer,
relating to the disposition by the EL 1994 Trust of not
more than 4,498,951 shares of Class A Common Stock held by
the EL 1994 Trust (or cash in lieu of such shares) to an
affiliate of Morgan to be designated by Morgan. The
Forward Purchase Contract provides for the delivery of
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such shares (or cash) in four approximately equal tranches
(each, a "Tranche") over a series of specified dates
between February and October of 2004 (each, an "Exchange
Date"). Subject to the right of the EL 1994 Trust
described in the next sentence, the precise number of
shares to be delivered by the EL 1994 Trust on any
Exchange Date will be determined in accordance with the
Forward Purchase Contract as of the relevant Exchange
Date. The EL 1994 Trust has the right, with respect to any
Tranche, to pay cash to settle its delivery obligation
with respect to that Tranche. Until there is delivery of
the shares to Morgan's designated affiliate (or any other
disposition thereof), all 4,498,951 shares of Class A
Common Stock continue to be included in the total for the
Reporting Persons.
The 4,498,951 shares of Class A Common Stock held by the
Reporting Persons are pledged as collateral to Morgan to
secure the EL 1994 Trust's obligations under the Forward
Purchase Contract.
(b) Each share of Class B Common Stock is convertible at the
option of the holder into one share of Class A Common
Stock and is automatically converted into one share of
Class A Common Stock upon transfer to a person who is not
a Permitted Transferee, as that term is defined in the
Issuer's Certificate of Incorporation. Assuming conversion
of all such shares of Class B Common Stock beneficially
owned by the Reporting Person, the Reporting Person would
beneficially own 6,500,000 shares of Class A Common Stock,
which would constitute 5.16% of the number of shares of
Class A Common Stock outstanding.
Each share of Class A Common Stock entitles the holder to
one vote on each matter submitted to a vote of the
Issuer's stockholders and each share of Class B Common
Stock entitles the holder to ten votes on each such
matter, including the election of directors of the Issuer.
Assuming no conversion of any of the outstanding shares of
Class B Common Stock, the 4,498,951 shares of Class A
Common Stock and the 2,001,049 shares of Class B Common
Stock beneficially owned by the Reporting Person
constitute 2.0% of the aggregate voting power of the
Issuer.
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(c) (i) As sole trustee of the EL 1994 Trust, Mr. Weintraub
has sole voting power with respect to the 4, 498,951
shares of Class A Common Stock and the 2,001,049 shares of
Class B Common Stock owned by the EL 1994 Trust.
(ii) Mr. Weintraub has sole dispositive power with respect to
the 2,001,049 shares of Class B Common Stock owned by the
EL 1994 Trust.
(iii) Mr. Weintraub shares dispositive power with Morgan with
respect to the 4,498,951 shares of Class A Common Stock
owned by the EL 1994 Trust and pledged to Morgan to secure
the EL 1994 Trust's obligations under the Forward Purchase
Contract.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Leonard A. Lauder and Ronald S. Lauder, as beneficiaries of the EL
1994 Trust have the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of the
4,498.951 shares of Class A Common Stock and the 2,001,049shares of
Class B Common Stock owned by the EL 1994 Trust. Morgan has the right
to receive or the power to direct the receipt of dividends from, or
the proceeds from the sale of, the 4,498,951 shares of Class A Common
Stock owned by the EL 1994 Trust and pledged to Morgan to secure the
EL 1994 Trust's obligations under the Forward Purchase Contract.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable.
ITEM 10. CERTIFICATION
Not Applicable.
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
The Estee Lauder 1994 Trust
Date: February 6, 2003 By: /S/ Ronald Weintraub
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Ronald Weintraub, trustee
Date: February 6, 2003 By: /S/ Ronald Weintraub
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Ronald Weintraub
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The undersigned persons, on February 6, 2003, agree and consent to the joint
filing on their behalf of this Schedule 13G in connection with their beneficial
ownership of the Class A Common Stock of The Estee Lauder Companies Inc. at
December 31, 2002.
The Estee Lauder 1994 Trust
By: /s/ Ronald Weintraub
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Ronald Weintraub, trustee
/S/ Ronald Weintraub
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Ronald Weintraub
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