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 *
JOYCE JOSEPH 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 _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP - General Counsel
(Last)
(First)
(Middle)
7601 PENN AVENUE SOUTH		 3. Date of Earliest Transaction (Month/Day/Year)
11/03/2006
(Street)

RICHFIELD, MN 55423		 4. If Amendment, Date Original Filed(Month/Day/Year)
02/27/2007		 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 11/03/2006   M   1,096 (4) A $ 0 22,000 (6) D  
Common Stock 02/23/2007   F   359 (5) D $ 52.43 21,641 (6) D  
Common Stock               4,350 D (1)  
Common Stock 02/23/2007   I   4,284 D $ 49.3 948 (3) 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) $ 34.18             04/11/2002(2) 04/10/2012 Common Stock 12,236   12,236 D  
Stock Option (Right to Buy) $ 19.11             01/16/2003(2) 01/15/2013 Common Stock 5,625   5,625 D  
Stock Option (Right to Buy) $ 39.59             11/03/2003(2) 11/02/2013 Common Stock 14,138   14,138 D  
Stock Option (Right to Buy) $ 36.73             10/11/2004(2) 10/10/2014 Common Stock 19,125   19,125 D  
Stock Option (Right to Buy) $ 46.8             11/08/2005(2) 11/07/2015 Common Stock 13,067   13,067 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
JOYCE JOSEPH M
7601 PENN AVENUE SOUTH
RICHFIELD, MN 55423		       SVP - General Counsel  

Signatures

 /s/ Lisa Beth Lentini Attorney-in-fact for Joseph M. Joyce   04/12/2007
**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 satisfaction of certain performance factors.
(2) The date indicated is the grant date and the options vest in four equal annual installments beginnng one year from such date.
(3) Shares held in Best Buy Company Stock Fund as of February 22, 2007. The fund is one investment option in the company 401(k) Plan. The increase in number of shares (to 5,232 prior to the divestiture) reflects periodic payroll acquisitions under the 401(k) Plan that are exempt under Rule 16b-3.
(4) Vesting of restricted performance shares previously reported based upon the satisfaction of certain performance factors.
(5) Shares automatically withheld upon vesting of restricted performance shares to satisfy tax withholding obligation.
(6) The increase represents shares acquired in an exempt transaction under the company's Employee Stock Purchase Plan.

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