XCEL ENERGY INC — Director's Dealing 2020

Feb 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: XCEL ENERGY INC (XEL)
CIK: 0000072903
Period of Report: 2020-02-25

Reporting Person: O'Connor Timothy John (SVP and CNO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-25	Phantom Stock	$0	A	178.675	Acquired		Common Stock (178.675)	Direct

Footnotes

F1: Each share of phantom stock represents the right to receive the cash value of one share of common stock.

F2: 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"). Subject to certain timing restrictions and other limitations based on the source of the amount deferred, the reporting person may generally transfer some or all of the balance in the Plan's Company stock account into an alternative Plan investment account.

F3: Reflects the correction to phantom share holdings reported on February 20, 2020 that, due to a clerical error, inadvertently underreported the shares held by 3,000. The number of shares of phantom stock reflects minor adjustments to the number of phantom shares credited to the reporting person's Company stock account due to the unitized nature of the Plan's Company stock fund.