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 *

Vitelli Michael A	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)
EVP- President, BBY U.S.	
(Last)          (First)          (Middle)

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

1/16/2013		
(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  	1/16/2013  	 	A	  	2778.0000   (1)	A	$0.0000  	203756.3740  	D  	 	
Common Stock  	 	 	 	  	 	 	 	1264.8800   (2)	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  	1/16/2013  	 	A  	  	11084.0000   	  	1/16/2013   (3)	1/15/2023  	Common Stock  	11084.0000  	$0.0000  	11084.0000  	D  	 	
Stock Option (Right to Buy)  	$35.6700  	 	 	   	  	  	  	1/12/2011  	1/11/2021  	Common Stock  	20000.0000  	 	20000.0000  	D  	 	
Stock Option (Right to Buy)  	$39.7300  	 	 	   	  	  	  	1/13/2010  	1/12/2020  	Common Stock  	16563.0000  	 	16563.0000  	D  	 	
Stock Option (Right to Buy)  	$24.1800  	 	 	   	  	  	  	2/1/2012  	1/31/2022  	Common Stock  	15000.0000  	 	15000.0000  	D  	 	
Stock Option (Right to Buy)  	$35.7300  	 	 	   	  	  	  	2/9/2004  	2/8/2014  	Common Stock  	19125.0000  	 	19125.0000  	D  	 	
Stock Option (Right to Buy)  	$29.7500  	 	 	   	  	  	  	4/6/2011  	4/5/2021  	Common Stock  	20000.0000  	 	20000.0000  	D  	 	
Stock Option (Right to Buy)  	$44.2000  	 	 	   	  	  	  	4/7/2010  	4/6/2020  	Common Stock  	16563.0000  	 	16563.0000  	D  	 	
Stock Option (Right to Buy)  	$22.0600  	 	 	   	  	  	  	4/18/2012  	4/17/2022  	Common Stock  	8334.0000  	 	8334.0000  	D  	 	
Stock Option (Right to Buy)  	$31.5400  	 	 	   	  	  	  	6/20/2011  	6/19/2021  	Common Stock  	15000.0000  	 	15000.0000  	D  	 	
Stock Option (Right to Buy)  	$20.3100  	 	 	   	  	  	  	6/20/2012  	6/19/2022  	Common Stock  	11084.0000  	 	11084.0000  	D  	 	
Stock Option (Right to Buy)  	$32.9800  	 	 	   	  	  	  	6/23/2009  	6/22/2019  	Common Stock  	33125.0000  	 	33125.0000  	D  	 	
Stock Option (Right to Buy)  	$36.6300  	 	 	   	  	  	  	6/23/2010  	6/22/2020  	Common Stock  	16563.0000  	 	16563.0000  	D  	 	
Stock Option (Right to Buy)  	$37.5900  	 	 	   	  	  	  	9/17/2009  	9/16/2019  	Common Stock  	16563.0000  	 	16563.0000  	D  	 	
Stock Option (Right to Buy)  	$17.9400  	 	 	   	  	  	  	9/19/2012  	9/18/2022  	Common Stock  	11084.0000  	 	11084.0000  	D  	 	
Stock Option (Right to Buy)  	$38.3200  	 	 	   	  	  	  	9/20/2010  	9/19/2020  	Common Stock  	20000.0000  	 	20000.0000  	D  	 	
Stock Option (Right to Buy)  	$24.1200  	 	 	   	  	  	  	9/21/2011  	9/20/2021  	Common Stock  	15000.0000  	 	15000.0000  	D  	 	
Stock Option (Right to Buy)  	$36.7300  	 	 	   	  	  	  	10/11/2004  	10/10/2014  	Common Stock  	3000.0000  	 	3000.0000  	D  	 	
Stock Option (Right to Buy)  	$47.8400  	 	 	   	  	  	  	10/18/2007  	10/17/2017  	Common Stock  	10485.0000  	 	10485.0000  	D  	 	
Stock Option (Right to Buy)  	$55.4600  	 	 	   	  	  	  	10/23/2006  	10/22/2016  	Common Stock  	23465.0000  	 	23465.0000  	D  	 	
Stock Option (Right to Buy)  	$26.8800  	 	 	   	  	  	  	10/31/2008  	10/30/2018  	Common Stock  	40000.0000  	 	40000.0000  	D  	 	
Stock Option (Right to Buy)  	$46.8000  	 	 	   	  	  	  	11/8/2005  	11/7/2015  	Common Stock  	15027.0000  	 	15027.0000  	D  	 	

Explanation of Responses:	
(  1) 	Restricted shares that will vest in three equal annual installments beginning one year from the grant date.	
(  2) 	This number reflects a periodic acquisition of shares under the employee retirement savings account (401(k)) exempt from reporting under Section 16b-3(c). Total is based on a plan statement as of January 15, 2013.	
(  3) 	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	
Vitelli Michael A
7601 PENN AVENUE S.
RICHFIELD, MN 55423			EVP- President, BBY U.S.		

Signatures		
/s/ Todd G. Hartman, Attorney-in-Fact		1/18/2013	
** 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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