X0202 4 2006-09-20 0001001250 ESTEE LAUDER COMPANIES INC EL 0001070210 BOUSQUET CHAVANNE PATRICK THE ESTEE LAUDER COMPANIES INC. 767 FIFTH AVENUE NEW YORK NY 10153 0 1 0 0 Group President Option (Right to Buy) 39.56 2006-09-20 4 A 0 50000 A 2016-09-20 Class A Common Stock 50000 50000 D Restricted Stock Units (Share Payout) 0 2006-09-20 4 A 0 9157 A Class A Common Stock 9157 9157 D Stock Options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 16,666 shares exercisable from and after January 1, 2008; 16,667 shares exercisable from and after January 1, 2009; 16,667 shares exercisable from and after January 1, 2010. Assuming continued employment, the restricted stock units will vest and be paid out as follows: 3,052 on October 31, 2007, 3,052 on October 31, 2008, and 3,053 on November 2, 2009, or in each case the first day thereafter that shares may be sold pursuant to company policy. Upon payout, shares will be withheld to cover minimum statutory tax obligations. Restricted stock units are accompanied by dividend equivalent rights that will be payable in cash at the time of payout of the related shares. Patrick Bousquet-Chavanne, by Charles E. Reese, II, attorney-in-fact 2006-09-22