XCEL ENERGY INC — Director's Dealing 2011

Dec 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2011-12-01

Reporting Person: McDaniel Marvin E. Jr. (Senior VP and CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-01	Common Stock	M	4700	$25.90	Acquired	31234	Direct
2011-12-01	Common Stock	S	4700	$26.30	Disposed	26534	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-01	Employee Stock Option (Right to Buy)	$25.90	M	4700	Acquired	2011-12-12	Common Stock (4700)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6925.086	Indirect

Footnotes

F1: Price is the volume weighted average selling price of all purchases by the reporting person on the transaction date. Actual prices ranged from $26.1407 to $26.38. The reporting person hereby undertakes to provide upon request of the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.

F2: Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(K) Savings Plan as of the most recent plan statement (September 30, 2011).

F3: The option vested in three equal installments on December 12, 2002, 2003, 2004.