Statement of Changes in Beneficial Ownership (4)

FORM 4

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * TRAVIS TRACEY THOMAS	2. Issuer Name and Ticker or Trading Symbol ESTEE LAUDER COMPANIES INC [ EL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) EVP & CFO
(Last)          (First)          (Middle) THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 9/3/2020
(Street) NEW YORK, NY 10153 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	9/3/2020		A(1)		14293 (1)	A	$0	45632	D
Class A Common Stock	9/3/2020		F(2)		7607	D	$219.8	38025	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Option (Right to Buy)	$218.06	9/3/2020		A		34040 (3)		(3)	9/3/2030	Class A Common Stock	34040	$0 (4)	34040	D
Restricted Stock Units (Share Payout)	$0 (4)	9/3/2020		A		9071 (5)		(5)	(5)	Class A Common Stock	9071	$0 (4)	9071	D

Explanation of Responses:
(1)	Reflects payout of Performance Share Units ("PSUs") granted to Reporting Person on September 5, 2017.
(2)	Represents the withholding of shares for tax purposes in connection with the payout of the PSUs.
(3)	Stock options granted pursuant to Fiscal 2002 Share Incentive Plan in respect of 11,346 shares exercisable from and after January 1, 2022; 11,347 shares exercisable from and after January 1, 2023; and 11,347 shares exercisable from and after January 1, 2024.
(4)	Not applicable.
(5)	Assuming continued employment, these Restricted Stock Units ("RSUs") will vest and be paid out as follows: 3,023 on November 1, 2021; 3,024 on November 1, 2022; and 3,024 on November 1, 2023. RSUs vest and are paid out in shares of Class A Common Stock on a one-to-one basis on the applicable vesting date. Upon payout, shares will be withheld to cover statutory tax obligations. RSUs are accompanied by dividend equivalent rights that will be payable in cash at the time of payout of the related shares.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
TRAVIS TRACEY THOMAS THE ESTEE LAUDER COMPANIES INC. 767 FIFTH AVENUE NEW YORK, NY 10153			EVP & CFO

Signatures
Tracey Thomas Travis, by Maureen Sladek, attorney-in-fact		9/8/2020
**Signature of Reporting Person		Date