SEC Form 5 · accession 0001225208-15-007151
BEST BUY CO INC · BBY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard M Schulze
10% Owner
Period of report
Jan 30, 2015
Accepted (ET)
Mar 6, 2015 · 4:42 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000764478
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Jan 15, 2015 | G | 16,646 | $0.00 | A | 28,955 | I | Spouse Revocable Trust |
| Common Stock | Jan 15, 2015 | G | 16,646 | $0.00 | D | 12,309 | I | Spouse Revocable Trust |
| Common StockF1 | Sep 16, 2014 | S | 1,000,000 | $34.34 | D | 42,539,704 | I | Trustee for Revocable Trust |
| Common Stock | Jan 15, 2015 | G | 40,600 | $0.00 | D | 23,289,134 | I | Trustee for Revocable Trust |
| Common Stock | holding | — | — | — | 1,732,500 | D | ||
| Common StockF2 | holding | — | — | — | 75,157 | I | 401(k) | |
| Common Stock | holding | — | — | — | 3,073,304 | I | Family Foundation | |
| Common Stock | holding | — | — | — | 18,090,268 | I | GRAT | |
| Common Stock | holding | — | — | — | 2,061 | I | IRA | |
| Common Stock | holding | — | — | — | 950,169 | I | Sole general partner of limited partnership B | |
| Common Stock | holding | — | — | — | 31,672 | I | Sole member of LLC which is sole general partner of limited partnership A | |
| Common Stock | holding | — | — | — | 252,312 | I | Sole member of LLC which is sole general partner of limited partnership C | |
| Common Stock | holding | — | — | — | 1,143,043 | I | Spousal GRAT | |
| Common Stock | holding | — | — | — | 183,726 | I | Spouse Irrevocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Total sale proceeds in the amount of $34,340,000 were paid in the form of a promissory note. The note is payable on September 15, 2017 and bears interest at a fixed annual rate of .36% (equal to the applicable Federal Short-Term rate promulgated under Section 1274(d) of the Internal Revenue Code of 1986, as amended).
- F2This number reflects a periodic adjustment of shares under the employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of January 30, 2015.