UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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Rule 13d-1(b)

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Rule 13d-1(c)

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Rule 13d-1(d)

CUSIP No. 518439 10 4

SCHEDULE 13G

1

Names of Reporting Persons
I.R.S. Identification No. of Above Persons (Entities Only):
William P. Lauder

2

Check the Appropriate Box if a Member of a Group * (See Instructions)

(a)

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(b)

x

3

SEC Use Only

4

Citizenship or Place of Organization
United States of America

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5

Sole Voting Power
8,423,896

(see Item 4)

6

Shared Voting Power
1,141,351

(see Item 4)

7

Sole Dispositive Power
8,423,896

(see Item 4)

8

Shared Dispositive Power
1,141,351

(see Item 4)

9

Aggregate Amount Beneficially Owned by Each Reporting Person
9,565,247

(see Item 4)

10

Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

11

Percent of Class Represented by Amount in Row 9
4.1%

(see Item 4)

12

Type of Reporting Person (See Instructions)
IN

Item 1(a).

Name of Issuer:
The Estée Lauder Companies Inc. (the “Issuer”)

Item 1(b).

Address of Issuer’s Principal Executive Offices
767 Fifth Avenue
New York, NY 10153

Item 2 (a)

Name of Person Filing:
William P. Lauder (the “Reporting Person”)

Item 2 (b)

Address of Principal Business Office or, if none, Residence:
767 Fifth Avenue
New York, NY 10153

Item 2 (c)

Citizenship:
United States of America

Item 2 (d)

Title of Class of Securities:
Class A Common Stock, par value $0.01 per share

Item 2 (e)

CUSIP Number:
518439 10 4

Item 3.

Not applicable

Item 4.

Ownership

(a)

As of December 31, 2015 the Reporting Person beneficially owned 9,565,247 shares of Class A Common Stock as follows: (i) 11,761 shares of Class A Common Stock and 7,352,553 shares of Class B Common Stock, par value $.01 per share, of the Issuer (the “Class B Common Stock”), held directly by the Reporting Person; (ii) 400,000 shares of Class A Common Stock and 741,351 shares of Class B Common Stock held indirectly as a co-trustee of the 1992 GRAT Remainder Trust f/b/o the Reporting Person (the “WPL GRAT Remainder Trust”); and (iii) 1,059,582 shares of Class A Common Stock pursuant to options that were exercisable or became exercisable within 60 days of December 31, 2015 (and the Reporting Person has no other options to acquire any common stock of the Issuer that will become exercisable within 60 days following December 31, 2015).

(b)

The responses of the Reporting Person to Row (11) of the cover pages of this Schedule 13G are incorporated herein by reference. 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 Restated 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 9,565,247 shares of Class A Common Stock, which would constitute 4.1% 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 1,471,343 shares of Class A Common Stock and the 8,093,904 shares of Class B Common Stock beneficially owned by the Reporting Person constitute 4.9% of the aggregate voting power of the Issuer.

(c)

The responses of the Reporting Person to Rows (5) through (8) of the cover pages of this Schedule 13G are incorporated herein by reference. The Reporting Person has sole voting and dispositive power with respect to the 8,423,896 shares of Class A Common Stock as follows: (i) 11,761 shares of Class A Common Stock and 7,352,553 shares of Class B Common Stock held directly by the Reporting Person; and (ii) 1,059,582 shares of Class A Common Stock that the Reporting Person has the right to acquire pursuant to options that were exercisable or became exercisable within 60 days of December 31, 2015. The Reporting Person shares voting and dispositive power with Gary M. Lauder and Carol S. Boulanger, as co-trustees of the WPL GRAT Remainder Trust, with respect to the 400,000 shares of Class A Common Stock and 741,351 shares of Class B Common Stock owned by the WPL GRAT Remainder Trust.

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

Beneficiaries of the WPL GRAT Remainder Trust do not have the right to, but may receive (at the discretion of a co-trustee, Carol S. Boulanger), dividends from, or the proceeds from the sale of, the 400,000 shares of Class A Common Stock and the 741,351 shares of Class B Common Stock owned by the WPL GRAT Remainder Trust.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

Not Applicable

Item 8.

Identification and Classification of Members of the Group

The Reporting Person is a party to a Stockholders’ Agreement (the “Stockholders’ Agreement”), dated November 22, 1995, as amended, among the parties listed on Exhibit A attached hereto. The stockholders who are parties to the Stockholders’ Agreement have agreed to vote in favor of the election of Leonard A. Lauder (or one of his sons) and Ronald S. Lauder (or one of his daughters) and one designee of each as directors of the Issuer. The Stockholders’ Agreement also contains certain limitations on the transfer of shares of Class A Common Stock. Each stockholder who is a party to the Stockholders’ Agreement has agreed to grant to the other parties a right of first offer to purchase shares of Class A Common Stock of the stockholder in the event the stockholder intends to sell to a person (or group of persons) who is not a Lauder Family Member, as defined therein, except in certain circumstances, such as sales in a widely distributed underwritten public offering or sales made in compliance with Rule 144.

Item 9.

Notice of Dissolution of Group

Not Applicable

Item 10.

Certifications

Not Applicable

/s/William P. Lauder

William P. Lauder

Exhibit No.

A

List of Parties to the Stockholders’ Agreement