X0306 4 2017-03-01 0 0000072903 XCEL ENERGY INC XEL 0001530607 Savage Jeffrey S 414 NICOLLET MALL MINNEAPOLIS MN 55401 0 1 0 0 SVP & Controller Common Stock 2017-03-01 4 F 0 109.311 43.71 D 7404.435 D Common Stock 2294.730 I 401(k) Phantom Stock 0 2017-03-01 4 A 0 5.747 43.50 A Common Stock 5.747 27343.184 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 23, 2017. 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 21, 2017). Each share of phantom stock represents the right to receive the cash value of one share of common stock. 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. 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 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. Tara M. Stoffel, Attorney in Fact for Jeffrey S. Savage 2017-03-03