XCEL ENERGY INC — Director's Dealing 2011

Dec 2, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2011-11-30

Reporting Person: Wilensky Scott M (Sr. VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-30	Common Stock	M	16800	$25.90	Acquired	31364.015	Direct
2011-11-30	Common Stock	S	16800	$26.2004	Disposed	14564.015	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-30	Employee Stock Option (Right to Buy)	$25.90	M	16800	Acquired	2011-12-12	Common Stock (16800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3969.570	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 26.1150 to 26.2700. 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: Includes 147.801 shares of stock acquired pursuant to reinvestment of dividends.

F3: Between September 23, 2011 and December 1, 2011, the reporting person acquired approximately 38.339 shares of Xcel Energy common stock under the Xcel Energy 401(k) Savings Plan. The information in this report is based on a plan statement dated as of December 1, 2011.

F4: The option vested in three equal installments on December 12, 2002, 2003, 2004.