Statement of Changes in Beneficial Ownership (4)
October 01 2014 - 5:38PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
OMB Number:
3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
SCHULZE RICHARD M
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2. Issuer Name
and
Ticker or Trading Symbol
BEST BUY CO INC
[
BBY
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
__
X
__ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Last)
(First)
(Middle)
7601 PENN AVENUE S.
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3. Date of Earliest Transaction
(MM/DD/YYYY)
9/29/2014
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(Street)
RICHFIELD, MN 55423
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock
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9/29/2014
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S
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66.0000
(1)
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D
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$33.7550
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3166906.0000
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I
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Family Foundation
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Common Stock
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9/29/2014
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S
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66634.0000
(1)
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D
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$33.5365
(2)
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3100272.0000
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I
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Family Foundation
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Common Stock
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9/29/2014
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S
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92.0000
(1)
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D
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$33.7550
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10178343.0000
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I
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GRAT
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Common Stock
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9/29/2014
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S
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91558.0000
(1)
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D
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$33.5365
(2)
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10086785.0000
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I
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GRAT
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Common Stock
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9/29/2014
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S
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342.0000
(1)
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D
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$33.7550
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43539362.0000
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I
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Trustee for Revocable Trust
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Common Stock
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9/29/2014
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S
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341308.0000
(1)
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D
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$33.5365
(2)
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43198054.0000
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I
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Trustee for Revocable Trust
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Common Stock
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1732500.0000
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D
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Common Stock
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76615.8539
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I
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401(k)
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Common Stock
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2061.0000
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I
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IRA
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Common Stock
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950169.0000
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I
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Sole general partner of limited partnership B
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Common Stock
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31672.0000
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I
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Sole member of LLC which is sole general partner of limited partnership A
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Common Stock
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252312.0000
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I
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Sole member of LLC which is sole general partner of limited partnership C
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Common Stock
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1143043.0000
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I
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Spousal GRAT
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Common Stock
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183726.0000
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I
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Spouse Irrevocable Trust
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Common Stock
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12309.0000
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I
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Spouse Revocable Trust
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Explanation of Responses:
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(
1)
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The sale reported on this Form 4 was effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on August 28, 2014.
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(
2)
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The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $32.75 to $33.75, 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.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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SCHULZE RICHARD M
7601 PENN AVENUE S.
RICHFIELD, MN 55423
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X
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Signatures
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/s/ Hannah G. Olson, Attorney-in-fact
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10/1/2014
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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