WILLIAMS COMPANIES, INC. — Director's Dealing 2006

Mar 30, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIAMS COMPANIES INC (WMB)
CIK: 0000107263
Period of Report: 2006-03-27

Reporting Person: GREEN WILLIAM E (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-27	Deferred Stock	$20.77	J	36	Acquired		Common Stock (36)	Direct

Footnotes

F1: Represents shares acquired from dividend reinvestment on deferred shares for a dividend paid on March 27, 2006.

F2: Deferred shares that will be paid out in common stock at various dates in the future.