Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Billings Francis E.
   2. Issuer Name and Ticker or Trading Symbol
WILLIAMS COMPANIES INC [WMB] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Senior Vice President
(Last)
(First)
(Middle)
1605 CORAOPOLIS HEIGHTS		 3. Date of Earliest Transaction (Month/Day/Year)
02/24/2014
(Street)

MOON TOWNSHIP, PA 15108		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock (1) 02/24/2014   M   6,799 A $ 0 10,716 D  
Common Stock 02/24/2014   F   2,268 D $ 41.77 8,448 D  
Common Stock (1) 02/24/2014   M   5,965 A $ 0 14,413 D  
Common Stock 02/24/2014   F   1,945 D $ 41.77 12,468 D  
Common Stock (2) 02/25/2014   S   2,266 D $ 41.52 10,202 D  
Common Stock (2) 02/25/2014   S   2,010 D $ 41.52 8,192 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (3) $ 0 02/24/2014   A   3,071   02/24/2014 02/24/2014 Common Stock 6,799 $ 0 6,799 D  
Restricted Stock Units (1) $ 0 02/24/2013   M     6,799 02/24/2014 02/24/2014 Common Stock 6,799 $ 0 0 D  
Restricted Stock Units (1) $ 0 02/24/2014   M     5,965 02/24/2014 02/24/2014 Common Stock 5,965 $ 0 0 D  
Restricted Stock Units (4) $ 0 02/24/2014   A   12,162   02/24/2017 02/24/2017 Common Stock 12,162 $ 0 12,162 D  
Restricted Stock Units $ 0 02/24/2014   A   8,379   02/24/2017 02/24/2017 Common Stock 8,379 $ 0 8,379 D  
Employee Options (Right to Buy) $ 41.77 02/24/2014   A   8,449   02/24/2015 02/24/2024 Common Stock 8,449 $ 0 8,449 D  
Employee Options (Right to Buy) $ 41.77 02/24/2014   A   8,450   02/24/2016 02/24/2024 Common Stock 8,450 $ 0 8,450 D  
Employee Option (Right to Buy) $ 41.77 02/24/2014   A   8,450   02/24/2017 02/24/2024 Common Stock 8,450 $ 0 8,450 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Billings Francis E.
1605 CORAOPOLIS HEIGHTS
MOON TOWNSHIP, PA 15108		       Senior Vice President  

Signatures

 Cher S. Lawrence, Attorney-in-Fact for Mr. Francis E. Billings   02/26/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) 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 of which a portion of the shares were withheld for taxes.
(2) Represents shares sold pursuant to a 10b5-1 Sales Plan entered into between Reporting Person and Broker on December 4, 2013.
(3) Represents restricted stock units acquired pursuant to the 2011 performance-based RSU grant agreement resulting from the performance of defined relative and absolute Total Shareholder Return ("TSR") metrics, as certified by the compensation committee.
(4) Vesting is subject to applicable grant agreement and compensation committee certification that the Company has met the three year performance measure. The specific performance measure will be based on total shareholder return with absolute and relative dependent measures.

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