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 *
Muehlbauer James L
   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)
SVP - CFO Best Buy US
(Last)
(First)
(Middle)
7601 PENN AVENUE SOUTH		 3. Date of Earliest Transaction (Month/Day/Year)
06/20/2007
(Street)

RICHFIELD, MN 55423		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 06/20/2007   M   625 A $ 0 5,313 (4) D  
Common Stock 06/20/2007   F   205 D $ 44.92 5,108 D  
Common Stock               1,514 I IRA
Common Stock               723 (5) I 401(k)
Common Stock               4,350 D (1)  
Common Stock 06/20/2007   M   625 D $ 0 1,250 D (3)  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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) $ 31.04             03/04/2002(2) 03/03/2012 Common Stock 4,220   4,220 D  
Stock Option (Right to Buy) $ 34.18             04/11/2002(2) 04/10/2012 Common Stock 16,875   16,875 D  
Stock Option (Right to Buy) $ 19.11             01/16/2003(2) 01/15/2013 Common Stock 7,500   7,500 D  
Stock Option (Right to Buy) $ 39.59             11/03/2003(2) 11/02/2013 Common Stock 25,500   25,500 D  
Stock Option (Right to Buy) $ 36.73             10/11/2004(2) 10/10/2014 Common Stock 28,500   28,500 D  
Stock Option (Right to Buy) $ 46.8             11/08/2005(2) 11/07/2015 Common Stock 30,053   30,053 D  
Stock Option (Right to Buy) $ 55.46             10/23/2006(2) 10/22/2016 Common Stock 10,380   10,380 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Muehlbauer James L
7601 PENN AVENUE SOUTH
RICHFIELD, MN 55423		       SVP - CFO Best Buy US  

Signatures

 /s/ Lisa Beth Lentini Attorney-in-fact for James L. Muehlbauer   06/22/2007
**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 in a range from 0%-100% three years from the date of grant, depending on the satisfaction of certain performance factors. The reported figure represents an award of restricted shares granted on 10/11/2004.
(2) The date indicated is the grant date and the options vest in four equal annual installments beginning one year from such date.
(3) Restricted shares that vest 25% on the date of grant and an additional 25% on each of the three succeeding anniversary dates immediately following the date of grant.
(4) The number of shares includes shares acquired in an exempt transaction under the company's Employee Stock Purchase Plan and periodic reinvestment of shares pursuant to a dividend reinvestment plan.
(5) This number reflects a periodic acquisition of shares under the employee retirement savings account (401(k)) exempt from reporting under Section 16b-3(c).

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