SEC Form 4 · accession 0001225208-16-043520
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 16, 2016
Accepted (ET)
Dec 19, 2016 · 4:39 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 StockF1 | Dec 16, 2016 | S | 13,431 | $48.0004 | D | 3,152,712 | I | Family Foundation |
| Common StockF2 | Dec 16, 2016 | S | 76,569 | $47.1518 | D | 3,076,143 | I | Family Foundation |
| 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 | |
| Common Stock | holding | — | — | — | 24,526,925 | I | Trustee for 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 $48.00 to $48.01, 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 $46.96 to $47.30, 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.