SEC Form 4 · accession 0001225208-16-042969
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
Dec 7, 2016
Accepted (ET)
Dec 9, 2016 · 5:03 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 | Oct 21, 2016 | G | 51,265 | $0.00 | A | 3,669,343 | I | Family Foundation |
| Common StockF1 | Dec 7, 2016 | S | 500,000 | $48.3334 | D | 3,169,343 | I | Family Foundation |
| Common StockF2 | Dec 8, 2016 | S | 125,000 | $49.1574 | D | 3,044,343 | I | Family Foundation |
| Common StockF3 | Dec 9, 2016 | S | 50,000 | $48.9771 | D | 2,994,343 | I | Family Foundation |
| Common Stock | Mar 23, 2016 | J | 257,854 | $0.00 | D | 11,629,440 | I | GRAT |
| Common Stock | Oct 27, 2016 | J | 413,449 | $0.00 | D | 11,215,991 | I | GRAT |
| Common Stock | Mar 1, 2016 | G | 42,958 | $0.00 | D | 24,263,140 | I | Trustee for Revocable Trust |
| Common Stock | Mar 23, 2016 | J | 257,854 | $0.00 | A | 24,520,994 | I | Trustee for Revocable Trust |
| Common Stock | Aug 30, 2016 | G | 718 | $0.00 | D | 24,520,276 | I | Trustee for Revocable Trust |
| Common Stock | Oct 27, 2016 | J | 413,449 | $0.00 | A | 24,933,725 | I | Trustee for Revocable Trust |
| Common Stock | holding | — | — | — | 1,732,500 | D | ||
| Common StockF4 | holding | — | — | — | 77,086 | I | 401(k) | |
| 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 | |
| Common Stock | holding | — | — | — | 12,309 | I | Spouse Revocable Trust |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.04 to $48.53, 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.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.52 to $49.39, 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.
- F3The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.755 to $49.095, 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.
- F4This 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 December 2, 2016.