X0306 4 2016-03-01 0 0000072903 XCEL ENERGY INC XEL 0001530607 Savage Jeffrey S 414 NICOLLET MALL MINNEAPOLIS MN 55401 0 1 0 0 SVP & Controller Common Stock 2016-03-01 4 F 0 253.457 39.54 D 4519.362 D Common Stock 2221.182 I 401(k) Phantom Stock 0 2016-03-01 4 A 0 6.124 39.46 A Common Stock 6.124 21277.244 D Withholding of stock to satisfy tax withholding obligation on vesting of an award of restricted stock under the Xcel Energy Executive Annual Incentive Award Program that were included in the common stock holdings reported by the reporting person on Form 4 filed on February 18, 2016. A fractional share interest was settled in cash in connection with the vesting of the restricted stock award and the withholding of shares for taxes. Shares held in the Xcel Energy Stock Fund under the Xcel Energy 401(k) Savings Plan as of the most recent plan statement (February 25, 2016). Security converts to common stock on a one-for-one basis. 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"). The number of shares of phantom stock reflects both additional shares credited upon the deemed reinvestment of dividend equivalents as reported in the most recent report from the Plan administrator, as well as the number of shares reflected in such report as attributable to the reporting person in the Plan's unitized Company stock fund. Tara M. Heine, Attorney in Fact for Jeffrey S. Savage 2016-03-03