Best Buy : Annual Statement of Changes in Beneficial Ownership

FORM 5

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). [ ] Form 3 Holdings Reported

[ ] Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION	OMB APPROVAL
OMB Number: 3235-0362
Washington, D.C. 20549	Estimated average burden
	hours per response... 1.0

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or

Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person *	2. Issuer Name and Ticker or Trading Symbol	5. Relationship of Reporting Person(s) to Issuer
		(Check all applicable)

SCHULZE RICHARD M

BEST BUY CO INC [BBY]

_____ Director

__X__ 10% Owner

(Last)

(First)

(Middle)

3. Statement for Issuer's Fiscal Year Ended

_____ Officer (give title below)

_____ Other (specify below)

(MM/DD/YYYY)

7601 PENN AVENUE S.

2/1/2020

(Street)

4. If Amendment, Date Original Filed(MM/DD/YYYY)

6. Individual or Joint/Group Filing(Check Applicable Line)

RICHFIELD, MN 55423

_X_ Form Filed by One Reporting Person

(City)

(State)

(Zip)

___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security

2. Trans. Date

2A. Deemed

3. Trans. Code

4. Securities Acquired (A) or

5. Amount of Securities Beneficially Owned

6.

7. Nature of

(Instr. 3)

Execution

(Instr. 8)

Disposed of (D)

Following Reported Transaction(s)

Ownership

Indirect

Date, if any

(Instr. 3, 4 and 5)

(Instr. 3 and 4)

Form:

Beneficial

Direct (D)

Ownership

or Indirect

(Instr. 4)

(A) or

(I)

Amount

(D)

Price

(Instr. 4)

Common Stock

12/18/2019

G

292500.0000

A

$0.0000

1023143.0000

I

Family

Foundation

Common Stock

12/17/2019

J

102286.0000

D

$0.0000

6083567.0000

I

GRAT

Common Stock

12/27/2019

J

1979477.0000

D

$0.0000

4104090.0000

I

GRAT

Common Stock

12/17/2019

J

102286.0000

A

$0.0000

19098212.0000

I

Trustee for

Revocable

Trust

Common Stock

12/18/2019

G

292500.0000

D

$0.0000

18805712.0000

I

Trustee for

Revocable

Trust

Common Stock

12/20/2019

G

688.0000

D

$0.0000

18805024.0000

I

Trustee for

Revocable

Trust

Common Stock

12/24/2019

G

344.0000

D

$0.0000

18804680.0000

I

Trustee for

Revocable

Trust

Common Stock

12/27/2019

J

1979477.0000

A

$0.0000

20784157.0000

I

Trustee for

Revocable

Trust

Common Stock

71902.8171

I

401(k) (1)

Common Stock

2061.0000

I

IRA

Common Stock

2568.0000

I

Sibling

Revocable

Trust

Sole general

Common Stock

950169.0000

I

partner of

limited

partnership

B

Sole

member of

LLC which

Common Stock

31672.0000

I

is sole

general

partner of

limited

partnership

A

Common Stock

1143043.0000

I

Spousal

GRAT

Common Stock

183726.0000

I

Spouse

Irrevocable

Trust

Common Stock

11998.0000

I

Spouse

Revocable

Trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivate

2. Conversion

3. Trans.

3A. Deemed

4. Trans.

5. Number of

6. Date Exercisable and

7. Title and Amount of

8. Price of

9. Number

10.

11. Nature

Security

or Exercise

Date

Execution

Code

Derivative Securities

Expiration Date

Securities Underlying

Derivative

of

Ownership

of Indirect

(Instr. 3)

Price of

Date, if any

(Instr. 8)

Acquired (A) or

(MM/DD/YYYY)

Derivative Security

Security

Derivative

Form of

Beneficial

Derivative

Disposed of (D)

(Instr. 3 and 4)

(Instr. 5)

Securities

Derivative

Ownership

Security

(Instr. 3, 4 and 5)

Beneficially

Security:

(Instr. 4)

Owned at

Direct (D)

Date

Expiration

Amount or Number of

End of

or Indirect

Title

Issuer's

(I)

Exercisable

Date

Shares

Fiscal Year

(Instr. 4)

(A)

(D)

(Instr. 4)

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 January 13, 2020.

Reporting Owners

Reporting Owner Name / Address			Relationships
Director	10% Owner	OfficerOther
SCHULZE RICHARD M
7601 PENN AVENUE S.			X
RICHFIELD, MN 55423
Signatures
/s/ Hannah G. Olson, Attorney-in-fact	2/20/2020
**Signature of Reporting Person			Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

• If the form is filed by more than one reporting person, see Instruction 4(b)(v).
• Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
  Note: 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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