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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3235-0287

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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 * STERNLICHT BARRY S	2. Issuer Name and Ticker or Trading Symbol ESTEE LAUDER COMPANIES INC [ EL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director                    _____ 10% Owner _____ Officer (give title below)    _____ Other (specify below)
(Last)          (First)          (Middle) STARWOOD CAPITAL GROUP, 591 W. PUTNAM AVE.	3. Date of Earliest Transaction (MM/DD/YYYY) 9/8/2020
(Street) GREENWICH, CT 06830 (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	9/8/2020		M		5000	A	$35.51	35982	D
Class A Common Stock	9/8/2020		S		5000	D	$215.92 (1)(2)	30982	D
Class A Common Stock	9/9/2020		M		5000	D	$35.51	35982	D
Class A Common Stock	9/9/2020		S		5000	D	$219.62 (1)(3)	30982	D
Class A Common Stock								12000 (4)	I	1999 Sternlicht Family Trust 1
Class A Common Stock								12000 (4)	I	1999 Sternlicht Family Trust 2
Class A Common Stock								12000 (4)	I	1999 Sternlicht Family Trust 3

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) (5)	$35.51	9/8/2020		M			5000	11/9/2011	11/9/2020	Class A Common Stock	5000	(6)	5000	D
Option (Right to Buy) (5)	$35.51	9/9/2020		M			5000	11/9/2011	11/9/2020	Class A Common Stock	5000	(6)	0	D

Explanation of Responses:
(1)	The number of securities reported represents an aggregate number of shares sold in multiple open market transactions over a range of sales prices. 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.
(2)	Sales prices range from $215.80 to $216.09 per share, inclusive.
(3)	Sales prices range from $219.61 to $219.71 per share, inclusive.
(4)	The Reporting Person disclaims beneficial ownership of such shares to the extent he does not have a pecuniary interest in such shares.
(5)	Stock Options granted to the Reporting Person pursuant to the Issuer's Non-Employee Director Share Incentive Plan.
(6)	Not applicable.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
STERNLICHT BARRY S STARWOOD CAPITAL GROUP 591 W. PUTNAM AVE. GREENWICH, CT 06830	X

Signatures
Barry S. Sternlicht, by Maureen Sladek, Attorney-in-fact		9/10/2020
**Signature of Reporting Person		Date