WILLIAMS COMPANIES, INC. — Director's Dealing 2007

Mar 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIAMS COMPANIES INC (WMB)
CIK: 0000107263
Period of Report: 2007-03-26

Reporting Person: LILLIS CHARLES M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-26	Restricted Stock Units	$28.56	J	30	Acquired		Common Stock (30)	Direct

Footnotes

F1: Represents shares acquired from dividend reinvestment on restricted stock units, formerly referred to as deferred stock, for a dividend paid on March 26, 2007.

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