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 *

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. Date of Earliest Transaction (MM/DD/YYYY)

10/23/2014		
(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  	10/23/2014  	 	S	  	30667.0000   (1)	D	$33.2137   (2)	2889601.0000  	I  	Family Foundation  	
Common Stock  	10/23/2014  	 	S	  	42166.0000   (1)	D	$33.2137   (2)	9797120.0000  	I  	GRAT  	
Common Stock  	10/23/2014  	 	S	  	157167.0000   (1)	D	$33.2137   (2)	42118390.0000  	I  	Trustee for Revocable Trust  	
Common Stock  	 	 	 	  	 	 	 	1732500.0000  	D  	 	
Common Stock  	 	 	 	  	 	 	 	76615.8539  	I  	401(k)  	
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  	
Common Stock  	 	 	 	  	 	 	 	12309.0000  	I  	Spouse Revocable Trust  	

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					

Explanation of Responses:	
(  1) 	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.	
(  2) 	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $33.06 to $33.2650, 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.	

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		10/24/2014	
** 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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