SEC Form 4 · accession 0001225208-16-043342
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 13, 2016
Accepted (ET)
Dec 15, 2016 · 5:16 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 | Dec 8, 2016 | G | 406,800 | $0.00 | A | 3,576,143 | I | Family Foundation |
| Common StockF1 | Dec 13, 2016 | S | 45,108 | $48.8522 | D | 3,356,035 | I | Family Foundation |
| Common StockF2 | Dec 14, 2016 | S | 104,892 | $48.4764 | D | 3,251,143 | I | Family Foundation |
| Common StockF3 | Dec 15, 2016 | S | 85,000 | $48.3456 | D | 3,166,143 | I | Family Foundation |
| Common Stock | Dec 8, 2016 | G | 406,800 | $0.00 | D | 24,526,925 | I | Trustee for Revocable Trust |
| Common Stock | holding | — | — | — | 1,732,500 | D | ||
| Common Stock | holding | — | — | — | 77,086 | I | 401(k) | |
| Common Stock | holding | — | — | — | 11,215,991 | 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 | |
| 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 $48.75 to $49.01, 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 $48.21 to $49.03, 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 $48.11 to $48.61, 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.