WILLIAMS COMPANIES, INC. — Director's Dealing 2014

May 16, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WILLIAMS COMPANIES INC (WMB)
CIK: 0000107263
Period of Report: 2014-05-14

Reporting Person: Miller Rory Lee (Sr. Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-14	Common Stock	M	5253	$29.72	Acquired	63451.512	Direct
2014-05-14	Common Stock	S	5253	$45.01	Disposed	58198.512	Direct
2014-05-14	Common Stock05/14/2014	M	10092	$8.85	Acquired	68290.512	Direct
2014-05-14	Common Stock	S	5592	$45.00	Disposed	62698.512	Direct
2014-05-14	Common Stock	S	4500	$45.01	Disposed	58198.512	Direct
2014-05-14	Common Stock	M	9175	$17.28	Acquired	67373.512	Direct
2014-05-14	Common Stock	S	5175	$45.00	Disposed	62198.512	Direct
2014-05-15	Common Stock	S	4000	$45.01	Disposed	58198.512	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-14	Employee Options (Right to Buy)	$29.72	M	1750	Disposed	2018-02-25	Common Stock (1750)	Direct
2014-05-14	Employee Options (Right to Buy)	$29.72	M	3503	Disposed	2018-02-25	Common Stock (3503)	Direct
2014-05-14	Employee Option (Right to Buy)	$8.85	M	3364	Disposed	2019-02-23	Common Stock (3364)	Direct
2014-05-14	Employee Option (Right to Buy)	$8.85	M	6728	Disposed	2019-02-23	Common Stock (6728)	Direct
2014-05-14	Employee Option (Right to Buy)	$17.28	M	4587	Disposed	2020-02-23	Common Stock (4587)	Direct
2014-05-14	Employee Option (Right to Buy)	$17.28	M	4588	Disposed	2020-02-23	Common Stock (4588)	Direct

Footnotes

F1: Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on June 12, 2013.