Statement of Changes in Beneficial Ownership (4)
April 16 2021 - 3:41PM
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).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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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 |
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 _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Chairman Emeritus |
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(Last)
(First)
(Middle)
7601 PENN AVENUE S. |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/14/2021 |
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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 | 4/14/2021 | | S | | 2568.0000 | D | $120.7900 | 0.0000 | I | Sibling Irrevocable Trust |
| Common Stock | 4/6/2021 | | J |
V
| 10895.0000 | A | $0.0000 | 1153938.0000 | I | Spousal GRAT |
| Common Stock | 4/6/2021 | | J |
V
| 10895.0000 | D | $0.0000 | 172831.0000 | I | Spouse Irrevocable Trust |
| Common Stock | 4/12/2021 | | G |
V
| 6590.0000 | D | $0.0000 | 19433134.0000 | I | Trustee for Revocable Trust |
| Common Stock | | | | | | | | 74080.0040 (1) | I | 401(k) |
| Common Stock | | | | | | | | 513248.0000 | I | Family Foundation |
| Common Stock | | | | | | | | 2000000.0000 | I | GRAT |
| Common Stock | | | | | | | | 2061.0000 | I | IRA |
| Common Stock | | | | | | | | 950169.0000 | I | Sole general partner of limited partnership B |
| Common Stock | | | | | | | | 31672.0000 | I | Sole member of LLC which is sole general partner of limited partnership A |
| Common Stock | | | | | | | | 5998.0000 | I | Spouse Revocable Trust |
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) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Explanation of Responses: |
| (1) | This 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 March 29, 2021. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
SCHULZE RICHARD M
7601 PENN AVENUE S.
RICHFIELD, MN 55423 |
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| Chairman Emeritus |
Signatures
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| /s/ Hannah G. Olson, Attorney-in-fact | | 4/16/2021 |
| **Signature of Reporting Person | Date |
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