BEST BUY CO INC — Director's Dealing 2011

Feb 24, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BEST BUY CO INC (BBY)
CIK: 0000764478
Period of Report: 2011-02-23

Reporting Person: Sheehan Tim R (EVP, Enterprise Retail Ops)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5263.6130	Direct
Common Stock	20945.0000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$35.6700	2021-01-11	Common Stock (12500.0000)	12500.0000	Direct
Stock Option (Right to Buy)	$39.7300	2020-01-12	Common Stock (10000.0000)	10000.0000	Direct
Stock Option (Right to Buy)	$19.1100	2013-01-15	Common Stock (5625.0000)	5625.0000	Direct
Stock Option (Right to Buy)	$44.2000	2020-04-06	Common Stock (10000.0000)	10000.0000	Direct
Stock Option (Right to Buy)	$32.9800	2019-06-22	Common Stock (10000.0000)	10000.0000	Direct
Stock Option (Right to Buy)	$36.6300	2020-06-22	Common Stock (10000.0000)	10000.0000	Direct
Stock Option (Right to Buy)	$37.5900	2019-09-16	Common Stock (10000.0000)	10000.0000	Direct
Stock Option (Right to Buy)	$38.3200	2020-09-19	Common Stock (12500.0000)	12500.0000	Direct
Stock Option (Right to Buy)	$36.7300	2014-10-10	Common Stock (21038.0000)	21038.0000	Direct
Stock Option (Right to Buy)	$47.8400	2017-10-17	Common Stock (20970.0000)	20970.0000	Direct
Stock Option (Right to Buy)	$55.4600	2016-10-22	Common Stock (23465.0000)	23465.0000	Direct
Stock Option (Right to Buy)	$26.8800	2018-10-30	Common Stock (20000.0000)	20000.0000	Direct
Stock Option (Right to Buy)	$39.5900	2013-11-02	Common Stock (18114.0000)	18114.0000	Direct
Stock Option (Right to Buy)	$46.8000	2015-11-07	Common Stock (33973.0000)	33973.0000	Direct

Footnotes

F1: 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 February 15, 2011.

F2: The date indicated is the grant date and the options vest in four equal annual installments beginning one year from such date.