XCEL ENERGY INC — Director's Dealing 2012

May 18, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2012-05-17

Reporting Person: DAVIS RICHARD K (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-05-17	Phantom Stock	$0	A	4371.585	Acquired		Common Stock (4371.585)	Direct

Footnotes

F1: Security converts to common stock on a one-for-one basis.

F2: Shares of phantom stock are payable in shares of common stock following termination of a reporting person's service. Partial shares are payable in cash.

F3: Includes 1,178.557 shares of stock equivalent units acquired pursuant to reinvestment of phantom stock dividends.