Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WILLETT ROBERT 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 - Operations & CIO
(Last)
(First)
(Middle)
7601 PENN AVENUE SOUTH
3. Date of Earliest Transaction (Month/Day/Year)
04/12/2002
(Street)

RICHFIELD, MN 55423
4. If Amendment, Date Original Filed(Month/Day/Year)
10/25/2006
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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               44,850 D  
Common Stock               75,000 D (1)  
Common Stock               7,500 D (2)  
Common Stock               259 I 401(k) Plan

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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 Underlying Securities
(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) $ 37             04/23/2004(3) 04/22/2014 Common Stock 150,000   150,000 D  
Stock Option (Right to Buy) $ 36.73             10/11/2004(3) 10/10/2014 Common Stock 45,000   45,000 D  
Stock Option (Right to Buy) $ 46.8             11/08/2005(3) 11/07/2015 Common Stock 30,005   30,005 D  
Stock Option (Right to Buy) $ 55.46             10/23/2006(3) 10/22/2016 Common Stock 110,500   110,500 D  
Stock Option (Right to Buy) $ 34.44 04/12/2002   A(4)   11,250   04/12/2002 04/11/2012 Common Stock 11,250 $ 0 11,250 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WILLETT ROBERT A
7601 PENN AVENUE SOUTH
RICHFIELD, MN 55423
      EVP - Operations & CIO  

Signatures

 /s/ Lisa Beth Lentini Attorney-in-fact for Robert A. Willett   04/17/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Restricted shares that will vest at 0% or 100% on the date Best Buy Co., Inc. files Form 10-K for its fiscal year 2007, depending on satisfaction of certain performance factors.
(2) Restricted shares that will vest in a range from 0%-100% three years from the date of grant, depending on satisfaction of certain performance factors.
(3) The date indicated is the grant date and the options vest in four equal annual installments beginning one year from such date.
(4) Unregistered securities acquired in recognition of services to the board prior to employment with the company.

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