SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
  
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Hartman Todd G.

(Last) (First) (Middle)
7601 PENN AVENUE S.

(Street)
RICHFIELD MN 55423

(City) (State) (Zip)
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)
GC, Chief Risk Officer
3. Date of Earliest Transaction (Month/Day/Year)
09/20/2023
4. If Amendment, Date of Original Filed (Month/Day/Year)
09/22/2023
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 07/19/2019 G 10,248(1) D $0.0000 18,815.8088 D
Common Stock 06/08/2020 G 6,919(1) D $0.0000 11,049.9498 D
Common Stock 08/18/2023 G 15,000(1) D $0.0000 19,737.9498(2) D
Common Stock 07/11/2019 G 450 D $0.0000 11,335 I Trustee for Revocable Trust
Common Stock 07/19/2019 G 10,248(1) A $0.0000 21,583 I Trustee for Revocable Trust
Common Stock 06/08/2020 G 6,919(1) A $0.0000 26,502 I Trustee for Revocable Trust
Common Stock 03/04/2022 G 600 D $0.0000 21,037 I Trustee for Revocable Trust
Common Stock 08/18/2023 G 15,000(1) A $0.0000 23,847.89 I Trustee for Revocable Trust
Common Stock 09/20/2023 S 5,000 D $71.1789 18,847.89(3) I Trustee for Revocable Trust
Common Stock 09/22/2023 S 7,947.89 D $69.3798 10,900(3) I Trustee for Revocable Trust
Common Stock 262.247(4) I 401(k)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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. Represents shares gifted from reporting person's direct holdings to a revocable trust, of which the reporting person is a trustee. The gift of shares occurring on August 18, 2023, had already been reflected as held indirectly and footnoted as a transfer.
2. The amount reflects a correction made due to certain transactions that were reported as sales of directly held shares instead of as sales from the reporting person's revocable trust. As such, the correct balance as of the date of the original filing is 19,237.949800 (inclusive of the disposition of 500 shares reported on the Form 4 filed on August 31, 2023).
3. This sale transaction was correctly reported on the original Form 4, but is included here to correctly reflect the amount beneficially owned following the sale, which reflects a correction made due to certain transactions that were previously reported as sales of directly held shares instead of as sales from the reporting person's revocable trust.
4. This number reflects a periodic adjustment of shares under the employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of December 6, 2023. Additionally, this number reflects the transfer of 1,127.221796 shares to the reporting person's ex-spouse pursuant to a domestic relations order since the date of the reporting person's last ownership report. The reporting person no longer reports as beneficially owned any securities owned by his ex-spouse.
Remarks:
This Form 4 is being amended to reflect the correct number of securities beneficially owned following the transactions reflected on the original Form 4. It also reflects gift transactions that had not been previously reported, which impact the number of shares reported as direct and indirect holdings.
/s/ Jodie H. Crist, Attorney-in-fact 12/22/2023
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.