XCEL ENERGY INC — Director's Dealing 2016

Feb 19, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2016-02-16

Reporting Person: Hudson David T (President, SPS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-02-16	Common Stock	A	43.740	—	Acquired	5183.234	Direct
2016-02-16	Common Stock	F	43.740	$38.82	Disposed	5139.494	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-02-16	Phantom Stock	$0	A	1817	Acquired		Common Stock (1817)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	616.934	Indirect

Footnotes

F1: A fractional share interest was settled in cash in connection with the settlement of a restricted stock unit award and the withholding of shares for taxes.

F2: Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(K) Savings Plan as of the most recent plan statement (February 17, 2016).

F3: Each share of phantom stock represents the right to receive one share of Xcel Energy common stock or the cash value thereof.

F4: Shares of phantom stock become payable in accordance with the reporting person's distribution elections made pursuant to the Xcel Energy Deferred Compensation Plan (the "Plan"). Certain of the phantom shares may be transferred by the reporting person into alternative investment accounts in the Plan beginning one year after they are credited to the reporting person's Plan account.