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
[ X ] Form 4 Transactions Reported 		UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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
                      

1. Name and Address of Reporting Person *

SCHULZE RICHARD M

2. Issuer Name and Ticker or Trading Symbol

BEST BUY CO INC [BBY]

5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)

(Last)          (First)          (Middle)

7601 PENN AVENUE S.

3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
1/30/2015 
(Street)

RICHFIELD, MN 55423

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

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

_ X _ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person


Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 		7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock   1/15/2015     G   16646.0000   A $0.0000   28955.0000   I   Spouse Revocable Trust  
Common Stock   1/15/2015     G   16646.0000   D $0.0000   12309.0000   I   Spouse Revocable Trust  
Common Stock   9/16/2014     S4   1000000.0000   D $34.3400   (1) 42539704.0000   I   Trustee for Revocable Trust  
Common Stock   1/15/2015     G   40600.0000   D $0.0000   23289134.0000   I   Trustee for Revocable Trust  
Common Stock                 1732500.0000   D    
Common Stock                 75157.4690   (2) I   401(k)  
Common Stock                 3073304.0000   I   Family Foundation  
Common Stock                 18090268.0000   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                 252312.0000   I   Sole member of LLC which is sole general partner of limited partnership C  
Common Stock                 1143043.0000   I   Spousal GRAT  
Common Stock                 183726.0000   I   Spouse Irrevocable Trust  

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
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
(MM/DD/YYYY) 		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 at End of Issuer's Fiscal Year
(Instr. 4) 		10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 		11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Total sale proceeds in the amount of $34,340,000 were paid in the form of a promissory note. The note is payable on September 15, 2017 and bears interest at a fixed annual rate of .36% (equal to the applicable Federal Short-Term rate promulgated under Section 1274(d) of the Internal Revenue Code of 1986, as amended).
( 2)  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 30, 2015.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SCHULZE RICHARD M
7601 PENN AVENUE S.
RICHFIELD, MN 55423
X


Signatures
/s/ Hannah G. Olson, Attorney-in-fact 3/6/2015
** 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.
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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