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)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Chairman
3. Date of Earliest Transaction (Month/Day/Year)
10/23/2008
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 10/23/2008 P 205,500 A $22.3934 62,703,276 I Trustee for Revocable Trust
Common Stock 10/24/2008 P 967,300 A $21.999 63,670,576 I Trustee for Revocable Trust
Common Stock 74,605 I 401(k)
Common Stock 1,619,438 I Family Foundation
Common Stock 996,756 I GRAT
Common Stock 2,061 I IRA
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 252,312 I Sole member of LLC which is sole general partner of limited partnership C
Common Stock 1,143,043 I Spousal GRAT
Common Stock 1,728 I Spouse
Common Stock 183,726 I Spouse Irrevocable Trust
Common Stock 15,270 I Trustee for Children's 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
Stock Option (Right to Buy) $20.65 04/14/2003 04/13/2013 Common Stock 11,250 11,250 D
Stock Option (Right to Buy) $23.19 04/16/1999 04/15/2009 Common Stock 236,250 236,250 D
Stock Option (Right to Buy) $24.71 04/27/2001 04/26/2011 Common Stock 573,750 573,750 D
Stock Option (Right to Buy) $31.17 04/14/2000 04/13/2010 Common Stock 911,250 911,250 D
Stock Option (Right to Buy) $32.79 04/18/2005 04/17/2015 Common Stock 11,250 11,250 D
Stock Option (Right to Buy) $34.18 04/10/2002 04/11/2012 Common Stock 202,500 202,500 D
Stock Option (Right to Buy) $35.33 04/19/2004 04/18/2014 Common Stock 11,250 11,250 D
Stock Option (Right to Buy) $47.46 04/10/2007 04/09/2017 Common Stock 7,500 7,500 D
Stock Option (Right to Buy) $56.66 04/18/2006 04/27/2016 Common Stock 7,500 7,500 D
Explanation of Responses:
Remarks:
/s/ Todd G. Hartman, Attorney-in-Fact 10/27/2008
** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.