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, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940	                      	

1. Name and Address of Reporting Person *

HEALY THOMAS C	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 - Best Buy for Business	
(Last)          (First)          (Middle)

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

1/25/2007		
(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  	1/25/2007  	 	M	  	7500  	A	$19.11  	9622  	D  	 	
Common Stock  	1/25/2007  	 	M	  	14174  	A	$39.59  	23796  	D  	 	
Common Stock  	1/25/2007  	 	M	  	13563  	A	$36.73  	37359  	D  	 	
Common Stock  	1/25/2007  	 	S	  	12938  	D	$49.62  	24421  	D  	 	
Common Stock  	1/25/2007  	 	S	  	625  	D	$49.63  	23796  	D  	 	
Common Stock  	1/25/2007  	 	S	  	11812  	D	$49.62  	11984  	D  	 	
Common Stock  	1/25/2007  	 	S	  	2362  	D	$49.69  	9622  	D  	 	
Common Stock  	1/25/2007  	 	S	  	7500  	D	$49.68  	2122  	D  	 	
Common Stock  	 	 	 	  	 	 	 	8625  	D   (1)	 	
Common Stock  	 	 	 	  	 	 	 	15000  	D   (2)	 	

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)  	$19.11  	1/25/2007  	 	M 	  	  	7500   	1/16/2003   (3)	1/15/2013  	Common Stock  	7500  	$0  	0  	D  	 	
Stock Option (Right to Buy)  	$39.59  	1/25/2007  	 	M 	  	  	14174   	11/3/2003   (3)	11/2/2013  	Common Stock  	28352  	$0  	14178  	D  	 	
Stock Option (Right to Buy)  	$36.73  	1/25/2007  	 	M 	  	  	13563   	10/11/2004   (3)	10/10/2014  	Common Stock  	40867  	$0  	27304  	D  	 	
Stock Option (Right to Buy)  	$46.80  	 	 	  	  	  	  	11/8/2005   (3)	11/7/2015  	Common Stock  	52182  	 	52182  	D  	 	
Stock Option (Right to Buy)  	$55.46  	 	 	  	  	  	  	10/23/2006   (3)	10/22/2016  	Common Stock  	46000  	 	46000  	D  	 	

Explanation of Responses:	
(  1) 	Restricted shares that will vest in a range from 0%-100% three years from the date of grant, depending on the satisfaction of certain performance factors. The number of restricted shares reported includes 8,625 shares granted on Oct. 11, 2004.	
(  2) 	Restricted shares that will vest three years from the date of grant.	
(  3) 	The date indicated is the grant date and the options vest in four equal annual installments beginning one year from such date.	

Reporting Owners	
Reporting Owner Name / Address	Relationships	
	Director	10% Owner	Officer	Other	
HEALY THOMAS C
7601 PENN AVENUE SOUTH
RICHFIELD, MN 55423			EVP - Best Buy for Business		

Signatures		
/s/ Lisa Beth Lentini Attorney-in-fact for Thomas C. Healy		1/26/2007	
** 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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