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	                      	

1. Name and Address of Reporting Person *

MOHAN RAJENDRA 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                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chief Merchandising Officer	
(Last)          (First)          (Middle)

7601 PENN AVENUE S.	3. Date of Earliest Transaction (MM/DD/YYYY)

11/24/2014		
(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)	
			Code	V	Amount	(A) or (D)	Price				
Common Stock  	11/24/2014  	 	M	  	23350.0000  	A	$20.0800  	147882.2930  	D  	 	
Common Stock  	11/24/2014  	 	M	  	2660.0000  	A	$20.3100  	150542.2930  	D  	 	
Common Stock  	11/24/2014  	 	M	  	2660.0000  	A	$17.9400  	153202.2930  	D  	 	
Common Stock  	11/24/2014  	 	M	  	1330.0000  	A	$14.6700  	154532.2930  	D  	 	
Common Stock  	11/24/2014  	 	S	  	42000.0000  	D	$38.3594   (1)	112532.2930  	D  	 	
Common Stock  	 	 	 	  	 	 	 	1619.2110  	I  	401(k)  	

Table II - Derivative Securities 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	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					
Stock Option (Right to Buy)  	$14.6700  	11/24/2014  	 	M  	  	  	1330.0000   	1/16/2013   (2)	1/15/2023  	Common Stock  	1330.0000  	$0.0000  	2660.0000  	D  	 	
Stock Option (Right to Buy)  	$20.0800  	11/24/2014  	 	M  	  	  	23350.0000   	3/11/2013   (2)	3/10/2023  	Common Stock  	23350.0000  	$0.0000  	82640.0000  	D  	 	
Stock Option (Right to Buy)  	$20.3100  	11/24/2014  	 	M  	  	  	2660.0000   	6/20/2012   (2)	6/19/2022  	Common Stock  	2660.0000  	$0.0000  	1330.0000  	D  	 	
Stock Option (Right to Buy)  	$17.9400  	11/24/2014  	 	M  	  	  	2660.0000   	9/19/2012   (2)	9/18/2022  	Common Stock  	2660.0000  	$0.0000  	1330.0000  	D  	 	

Explanation of Responses:	
(  1) 	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $38.02 to $38.54, 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.	
(  2) 	The date indicated is the grant date and the options vest in three equal annual installments beginning one year from such date.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
MOHAN RAJENDRA M
7601 PENN AVENUE S.
RICHFIELD, MN 55423			Chief Merchandising Officer		

Signatures		
/s/ Hannah G. Olson, Attorney-in-fact		11/25/2014	
** 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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