X0303 4 2010-12-21 0 0001001250 ESTEE LAUDER COMPANIES INC EL 0001102599 GEDEON HARVEY THE ESTEE LAUDER COMPANIES INC 767 FIFTH AVENUE NEW YORK NY 10153 0 1 0 0 EVP for Global Research & Dev. Class A Common Stock 2010-12-21 4 M 0 25000 33.44 A 41812 D Class A Common Stock 2010-12-21 4 M 0 25000 43.10 A 66812 D Class A Common Stock 2010-12-21 4 S 0 50000 80.0612 D 16812 D Option (right to buy) 33.44 2010-12-21 4 M 0 25000 D 2005-01-01 2013-08-20 Class A Common Stock 25000 0 D Option (right to buy) 43.10 2010-12-21 4 M 0 25000 D 2007-01-01 2014-08-24 Class A Common Stock 25000 5000 D The exercise of stock options and the sale of the underlying shares of Class A Common Stock were made pursuant to a plan intended to comply with Rule 10b5-1(c), previously entered into on December 9, 2010. The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range from $80.00 to $80.15 inclusive. 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. Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 8,333 shares exercisable from and after January 1, 2005, 8,333 shares exercisable from and after January 1, 2006 and 8,334 shares exercisable from and after January 1, 2007. Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 16,666 shares exercisable from and after January 1, 2006, 16,666 shares exercisable from and after January 1, 2007 and 16,667 shares exercisable from and after January 1, 2008. Not Applicable. The Reporting Person also has options to purchase at various prices 168,307 shares of Class A Common Stock, 74,999 of which are currently exercisable. /s/ Harvey Gedeon, by Spencer G. Smul, attorney-in-fact 2010-12-23