FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported	UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

                                                                                  	OMB APPROVAL
OMB Number: 3235-0362
Estimated average burden
hours per response... 1.0	
                      	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. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
1/28/2017 		
(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)	
				Amount	(A) or (D)	Price				
Common Stock  	12/16/2016  	 	J  	3799784.0000  	D	$0.0000  	7416207.0000  	I  	GRAT  	
Common Stock  	12/31/2016  	 	G  	1616354.0000  	D	$0.0000  	5799853.0000  	I  	GRAT  	
Common Stock  	12/14/2016  	 	G  	1152.0000  	D	$0.0000  	24525773.0000  	I  	Trustee for Revocable Trust  	
Common Stock  	12/16/2016  	 	J  	3799784.0000  	A	$0.0000  	28325557.0000  	I  	Trustee for Revocable Trust  	
Common Stock  	 	 	   	 	 	 	1732500.0000  	D  	 	
Common Stock  	 	 	   	 	 	 	75502.7674   (1)	I  	401(k)  	
Common Stock  	 	 	   	 	 	 	3076143.0000  	I  	Family Foundation  	
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 Acquired, Disposed of, or 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
(MM/DD/YYYY)	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 at End of Issuer's Fiscal Year
(Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)	11. Nature of Indirect Beneficial Ownership
(Instr. 4)	
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares					

Explanation of Responses:	
(  1) 	This number reflects a periodic adjustment of shares under the issuer's employee retirement savings account (401(k)) exempt from reporting under Rule 16b-3(c). Total is based on a plan statement as of January 28, 2017.	

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		2/23/2017	
** 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 control number.