SEC Form 4 · accession 0001225208-17-017980
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
Nov 29, 2017
Accepted (ET)
Dec 1, 2017 · 4:26 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 | Nov 29, 2017 | S | 282,263 | $59.1161 | D | 2,793,880 | I | Family Foundation |
| Common StockF2 | Nov 29, 2017 | S | 717,737 | $58.6815 | D | 2,076,143 | I | Family Foundation |
| Common Stock | Feb 27, 2017 | G | 8,500,000 | $0.00 | A | 14,299,853 | I | GRAT |
| Common Stock | Feb 28, 2017 | J | 44,806 | $0.00 | D | 14,255,047 | I | GRAT |
| Common Stock | Nov 6, 2017 | J | 383,465 | $0.00 | D | 13,871,582 | I | GRAT |
| Common Stock | Feb 15, 2017 | G | 29,925 | $0.00 | D | 28,295,632 | I | Trustee for Revocable Trust |
| Common Stock | Feb 27, 2017 | G | 8,500,000 | $0.00 | D | 19,795,632 | I | Trustee for Revocable Trust |
| Common Stock | Feb 28, 2017 | J | 44,806 | $0.00 | A | 19,840,438 | I | Trustee for Revocable Trust |
| Common Stock | Nov 6, 2017 | J | 383,465 | $0.00 | A | 20,223,903 | I | Trustee for Revocable Trust |
| Common Stock | holding | — | — | — | 1,732,500 | D | ||
| Common StockF3 | holding | — | — | — | 76,742 | 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 $59.0000 to $59.4400, 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 $58.0000 to $58.9950, 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.
- F3This 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 November 27, 2017.