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*
ANDERSON BRADBURY H
(Last) (First) (Middle)
7601 PENN AVENUE SOUTH
(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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Vice Chairman & CEO
3. Date of Earliest Transaction (Month/Day/Year)
05/18/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
04/11/2006 		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 05/18/2006 A 125,000 A $0 125,000 D(2)
Common Stock 1,508,652 D
Common Stock 169,940 I GRAT
Common Stock 169,940 I Spouse GRAT
Common Stock 337,839 I Family Limited Partnership
Common Stock 11,897 I 401(k)
Common Stock 1,800 I Sons
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
Stock Option (Right to Buy) $1.42 04/18/1997(1) 04/17/2007 Common Stock 900,000 900,000 D
Stock Option (Right to Buy) $1.42 04/18/1997 04/17/2007 Common Stock 90,000 90,000 D
Stock Option (Right to Buy) $7.64 04/24/1998(1) 04/23/2008 Common Stock 540,000 540,000 D
Stock Option (Right to Buy) $7.64 04/24/1998 04/23/2008 Common Stock 45,000 45,000 D
Stock Option (Right to Buy) $23.19 04/16/1999(1) 04/15/2009 Common Stock 135,000 135,000 D
Stock Option (Right to Buy) $23.19 04/16/1999 04/15/2009 Common Stock 11,250 11,250 D
Stock Option (Right to Buy) $31.17 04/14/2000(1) 04/13/2010 Common Stock 360,000 360,000 D
Stock Option (Right to Buy) $31.17 04/14/2000 04/13/2010 Common Stock 11,250 11,250 D
Stock Option (Right to Buy) $24.71 04/27/2001(1) 04/26/2011 Common Stock 337,500 337,500 D
Stock Option (Right to Buy) $24.71 04/27/2001 04/26/2011 Common Stock 11,250 11,250 D
Stock Option (Right to Buy) $34.18 04/11/2002(1) 04/10/2012 Common Stock 337,500 337,500 D
Stock Option (Right to Buy) $34.18 04/11/2002 04/10/2012 Common Stock 11,250 11,250 D
Stock Option (Right to Buy) $19.11 01/16/2003(1) 01/15/2013 Common Stock 112,500 112,500 D
Stock Option (Right to Buy) $20.65 04/14/2003 04/13/2013 Common Stock 11,250 11,250 D
Explanation of Responses:
1. The date indicated is the grant date and the option vests in four equal, annual installments beginning one year from such date.
2. The restricted shares reported on this Form 4 were authorized and granted to the reporting person by the Compensation and Human Resources Committee of the issuer's Board of Directors on May 18, 2006. They are the same shares that were erroneously reported on the reporting person's Form 4 filed April 11, 2006. The restricted shares will be earned upon the achievement of four company performance goals for the period February 26, 2006 to February 28, 2009 approved by the Committee, each of which account for 25% of the total eligible restricted shares. Because the value of these restricted shares is not tied solely to the market price of the issuer's securities, the grant of these restricted shares is not reportable until such date as the number of restricted shares earned can be determined. Accordingly, these restricted shares will not be reflected on the reporting person's future reports on Form 4 until such time as the restricted shares are earned.
/s/ Matthew J. Norman Attorney-in-fact for Bradbury H. Anderson 05/23/2006
** 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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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