Best Buy 2010 Annual Report Download - page 23

(1) The business address for all directors and executive officers is 7601 Penn Avenue South, Richfield, Minnesota 55423.
(2) The figure represents: (a) 236,250 outstanding shares owned by Mr. Schulze; (b) 59,221,143 outstanding shares registered in the
name of Mr. Schulze and a co-trustee, and held by them as trustees of a trust for the benefit of Mr. Schulze, of which up to
$150 million aggregate amount of shares have been pledged by the trust as collateral to secure a line of credit; (c) 4,465,930
outstanding shares registered in the name of Mr. Schulze and co-trustees, and held by them as trustees of trusts for the benefit of
Mr. Schulze and his family; (d) 1,143,043 outstanding shares registered in the name of Mr. Schulze and a co-trustee, and held
by them as trustees of the Sandra Schulze Revocable Trust dated June 14, 2001; (e) 950,169 outstanding shares held by a
limited partnership of which Mr. Schulze is the sole general partner (Mr. Schulze has disclaimed beneficial ownership of these
shares except to the extent of his monetary interest therein); (f) 252,312 outstanding shares held by a limited partnership of which
a limited liability company owned by Mr. Schulze as the sole general partner; (g) 31,672 outstanding shares held by a limited
partnership of which a limited liability company owned by Mr. Schulze is the sole general partner; (h) 24,318 outstanding shares
registered in the name of Mr. Schulze and held by him as trustee of trusts for the benefit of the children of Mr. Schulze’s spouse
(Mr. Schulze has disclaimed beneficial ownership of these shares); (i) 10,728 outstanding shares registered in the name of
Mr. Schulze’s spouse and co-trustees, and held by them as trustees of trusts for the benefit of Mr. Schulze’s spouse (Mr. Schulze
has disclaimed beneficial ownership of these shares); (j) 183,726 outstanding shares registered in the name of Mr. Schulze and a
co-trustee, and held by them as trustees of the Sandra Schulze Revocable Trust dated June 14, 2001 (Mr. Schulze has disclaimed
beneficial ownership of these shares); (k) 2,061 outstanding shares held in Mr. Schulze’s individual retirement account;
(l) 1,835,756 outstanding shares owned by The Richard M. Schulze Family Foundation, of which Mr. Schulze is the sole director;
(m) 77,001 outstanding shares registered in the name of JPMorgan Chase Bank (the ‘‘Trustee’’), and held by the Trustee in
connection with the Best Buy Retirement Savings Plan (‘‘Retirement Savings Plan’’) for the benefit of Mr. Schulze; and (n) options
to purchase 1,728,750 shares, which he could exercise within 60 days of February 27, 2010.
(3) The figure represents: (a) 35,496 outstanding shares owned by Mr. Dunn; (b) 15,892 outstanding shares registered in the name
of the Trustee, and held by the Trustee in connection with the Retirement Savings Plan for the benefit of Mr. Dunn; and (c) options
to purchase 552,324 shares, which he could exercise within 60 days of February 27, 2010.
(4) The figure represents: (a) 24,081 outstanding shares owned by Mr. Muehlbauer; (b) 1,514 outstanding shares held in
Mr. Muehlbauer’s individual retirement account; (c) 936 outstanding shares registered in the name of the Trustee, and held by
the Trustee in connection with the Retirement Savings Plan for the benefit of Mr. Muehlbauer; and (d) options to purchase
160,918 shares, which he could exercise within 60 days of February 27, 2010.
(5) The figure represents: (a) 32,526 outstanding shares owned by Ms. Ballard; (b) 12,567 outstanding shares registered in the
name of the Trustee, and held by the Trustee in connection with the Retirement Savings Plan for the benefit of Ms. Ballard; and
(c) options to purchase 180,993 shares, which she could exercise within 60 days of February 27, 2010.
(6) The figure represents: (a) 32,772 outstanding shares owned by Mr. Vitelli; (b) 647 outstanding shares registered in the name of
the Trustee, and held by the Trustee in connection with the Retirement Savings Plan for the benefit of Mr. Vitelli; and (c) options to
purchase 69,994 shares, which he could exercise within 60 days of February 27, 2010.
(7) Mr. Wheway beneficially owned no shares of Best Buy common stock as of February 27, 2010. Mr. Wheway has options to
purchase 50,000 shares, but these options do not begin to vest until June 23, 2010 and will vest in four equal annual
installments beginning on that date.
(8) The figure represents: (a) 437,530 outstanding shares owned by Mr. Anderson; (b) 702,321 outstanding shares registered in the
name of Mr. Anderson and a co-trustee, and held by them as trustees of a trust for the benefit of Mr. Anderson; (c) 58,343
outstanding shares registered in the name of Mr. Anderson’s spouse and a co-trustee, and held by them as trustees of a trust for
the benefit of Mr. Anderson’s spouse (Mr. Anderson has disclaimed beneficial ownership of these shares); (d) 337,839
outstanding shares held by a limited partnership of which a limited liability company owned by Mr. Anderson and his spouse is
the sole general partner and of which Mr. Anderson and his spouse are limited partners individually (Mr. Anderson has disclaimed
beneficial ownership of these shares except to the extent of his monetary interest therein); (e) 177,138 outstanding shares
registered in the name of Mr. Anderson’s spouse and co-trustees, and held by them as trustees of trusts for the benefit of
Mr. Anderson’s spouse (Mr. Anderson has disclaimed beneficial ownership of these shares); (f) 225,833 outstanding shares owned
by the Anderson Family Foundation, of which Mr. Anderson is a director; (g) 177,138 outstanding shares registered in the name
of Mr. Anderson and co-trustees, and held by them as trustees of trusts for the benefit of Mr. Anderson and his family; (h) 12,484
outstanding shares registered in the name of the Trustee, and held by the Trustee in connection with the Retirement Savings Plan
for the benefit of Mr. Anderson; and (i) options to purchase 733,500 shares, which he could exercise within 60 days of
February 27, 2010.
(9) The figure represents options to purchase 2,500 shares, which Ms. Caputo could exercise within 60 days of February 27, 2010.
(10) The figure represents: (a) 5,730 outstanding shares owned by Ms. Higgins Victor; and (b) options to purchase 41,250 shares,
which she could exercise within 60 days of February 27, 2010.
(11) The figure represents: (a) 5,465 outstanding shares owned by Mr. James; and (b) options to purchase 52,500 shares, which he
could exercise within 60 days of February 27, 2010.
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