WILLIAMS COMPANIES, INC. — Director's Dealing 2005

Feb 2, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIAMS COMPANIES INC (WMB)
CIK: 0000107263
Period of Report: 2005-01-31

Reporting Person: ARMSTRONG ALAN S (Sr. Vice President - Midstream)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-31	Common Stock	M	3815	$10.3855	Acquired	3815	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-31	Employee Options (right to buy)	$10.3855	M	3815	Disposed	2005-07-22	Common Stock (3815)	Direct