WILLIAMS COMPANIES, INC. — Director's Dealing 2012

May 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIAMS COMPANIES INC (WMB)
CIK: 0000107263
Period of Report: 2012-05-21

Reporting Person: HINSHAW JUANITA H (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-05-21	Common Stock	M	9859	$31.01	Acquired	25499	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-21	Restricted Stock Units	$31.01	M	9859	Disposed	2012-05-21	Common Stock (9859)	Direct

Footnotes

F1: Payout of Restricted Stock Units, in a transaction exempt under Rules 16b-3(d) and 16b-6(b), of shares of common stock awarded under The Williams Companies, Inc. 2007 Incentive Plan.

F2: 1-for-1