XCEL ENERGY INC — Director's Dealing 2012

Feb 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2012-02-22

Reporting Person: Larson Kent T (Senior VP, Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-22	Common Stock	A	23539.963	—	Acquired	33952.963	Direct
2012-02-22	Common Stock	F	5790.735	$26.43	Disposed	28162.228	Direct
2012-02-22	Common Stock	F	2625.228	$26.50	Disposed	25537	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2343.903	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$0		Common Stock (0)	314.138	Direct

Footnotes

F1: A fractional share interest was sold.

F2: Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(K) Savings Plan as of the most recent plan statement (December 31, 2011).

F3: Shares of phantom stock are payable in cash following termination of reporting persons employment.

F4: Stock equivalent units held under the Xcel Energy Deferred Compensation Plan as of the most recent plan statement (December 31, 2011)