SEC Form 4 · accession 0001225208-17-018407

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 6, 2017

Accepted (ET)

Dec 8, 2017 · 5:34 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 5, 2017	J	250,000	$0.00	A	2,326,143	I	Family Foundation
Common Stock	Dec 5, 2017	J	250,000	$0.00	D	18,973,903	I	Trustee for Revocable Trust
Common Stock^F1	Dec 6, 2017	S	50,000	$61.3357	D	18,923,903	I	Trustee for Revocable Trust
Common Stock^F2	Dec 7, 2017	S	100,000	$61.2607	D	18,823,903	I	Trustee for Revocable Trust
Common Stock^F3	Dec 8, 2017	S	57,900	$62.1207	D	18,766,003	I	Trustee for Revocable Trust
Common Stock^F4	Dec 8, 2017	S	82,100	$64.0035	D	18,683,903	I	Trustee for Revocable Trust
Common Stock^F5	Dec 8, 2017	S	185,000	$63.3978	D	18,498,903	I	Trustee for Revocable Trust
Common Stock	holding	—	—		—	1,732,500	D
Common Stock	holding	—	—		—	76,742	I	401(k)
Common Stock	holding	—	—		—	13,871,582	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 $61.00 to $61.69, 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 $61.21 to $61.56, 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 $61.75 to $62.73, 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.
F4The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $63.76 to $64.06, 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.
F5The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $62.76 to $63.75, 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.