Schulze Richard M Form 4 BEST BUY / RICHARD M SCHULZE ownership change

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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

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

1. Name and Address of Reporting Person^*

SCHULZE RICHARD M

(Last) (First) (Middle)

7601 PENN AVENUE S.

(Street)

RICHFIELD MN 55423

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BEST BUY CO INC [ BBY ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/03/2019

4. If Amendment, Date of Original Filed (Month/Day/Year)

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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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
Common Stock	07/03/2019		S		147,075	D	$72.0724(1)	1,813,568	I	Family Foundation
Common Stock	07/05/2019		S		18,004	D	$72.0122(2)	1,795,564	I	Family Foundation
Common Stock	03/19/2019		J	V	254,930	D	$0.0000	14,600,526	I	GRAT
Common Stock	03/19/2019		G	V	657,230	D	$0.0000	13,943,296	I	GRAT
Common Stock	06/12/2019		J	V	3,075,125	D	$0.0000	10,868,171	I	GRAT
Common Stock	06/12/2019		G	V	3,100,293	D	$0.0000	7,767,878	I	GRAT
Common Stock	04/29/2019		G	V	126,156	D	$0.0000	126,156	I	Sole member of LLC which is sole general partner of limited partnership C
Common Stock	04/30/2019		G	V	126,156	D	$0.0000	0.0000	I	Sole member of LLC which is sole general partner of limited partnership C
Common Stock	03/19/2019		J	V	254,930	A	$0.0000	16,545,801	I	Trustee for Revocable Trust
Common Stock	06/12/2019		J	V	3,075,125	A	$0.0000	19,620,926	I	Trustee for Revocable Trust
Common Stock	07/03/2019		S		36,600	D	$72.0724(1)	19,584,326	I	Trustee for Revocable Trust
Common Stock	07/05/2019		S		4,509	D	$72.0122(2)	19,579,817	I	Trustee for Revocable Trust
Common Stock								1,732,500	D
Common Stock								73,202.6508(3)	I	401(k)
Common Stock								2,061	I	IRA
Common Stock								2,568	I	Sibling Revocable Trust
Common Stock								950,169	I	Sole general partner of limited partnership B
Common Stock								31,672	I	Sole member of LLC which is sole general partner of limited partnership A
Common Stock								1,143,043	I	Spousal GRAT
Common Stock								183,726	I	Spouse Irrevocable Trust
Common Stock								11,998	I	Spouse Revocable Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: 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

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.24, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

2. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $72.00 to $72.08, inclusive. The reporting person undertakes to provide to BBY, any security holder of BBY, or the staff of the SEC, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. This number reflects a periodic adjustment of shares under the Issuer's employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of July 5, 2019.

	/s/ Hannah G. Olson, Attorney-in-fact	07/08/2019
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
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