WILLIAMS COMPANIES, INC. — Director's Dealing 2011

May 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIAMS COMPANIES INC (WMB)
CIK: 0000107263
Period of Report: 2011-05-19

Reporting Person: SUGG LAURA A (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-19	Restricted Stock Units	$30.63	A	4068	Acquired		Common stock (4068)	Direct

Footnotes

F1: Granted pursuant to The Williams Companies, Inc. 2007 Incentive Plan, as amended, in transactions exempt under Rule 16b-3(d) as annual compensation for non-management directors.

F2: Restricted stock units payable on May 19, 2014 or upon death or other termination of service as a non-management director of the Company.

F3: 1-for-1