Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL 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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1. Name and Address of Reporting Person *
Barnard Randall Lee
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)
Sr. Vice President
(Last)
(First)
(Middle)

ONE WILLIAMS CENTER
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2011
(Street)


TULSA, OK 74172
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Reporting
(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 at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 11/23/2011   J4(1) 536 A $ 29.37 6,739 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

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 at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) $ 10.86 12/14/2011   A4 1,756   02/23/2012(3) 02/23/2012 Common Stock
1,756
(4) 88,757
D
 
Restricted Stock Units (2) $ 21.22 12/14/2011   A4 1,127   02/23/2013(3) 02/23/2013 Common Stock
1,127
(4) 89,884
D
 
Restricted Stock Units (2) $ 29.73 12/14/2011   A4 4,379   02/24/2014(3) 02/24/2014 Common Stock
4,379
(4) 94,263
D
 
Restricted Stock Units (2) $ 10.86 12/14/2011   A4 2,809   02/23/2012 02/23/2012 Common Stock
2,809
(4) 97,072
D
 
Restricted Stock Units (2) $ 21.22 12/14/2011   A4 1,803   02/23/2013 02/23/2013 Common Stock
1,803
(4) 98,875
D
 
Restricted Stock Units (2) $ 18.86 12/14/2011   A4 3,614   09/01/2013 09/01/2013 Common Stock
3,614
(4) 102,489
D
 
Restricted Stock Units (2) $ 29.73 12/14/2011   A4 4,379   02/24/2014 02/24/2014 Common Stock
4,379
(4) 106,868
D
 
Stock Options (Employee Right to Buy) (5) $ 23.04 12/14/2011   A4 940   02/26/2009 02/26/2017 Common Stock
940
$ 23.04 70,969
D
 
Stock Options (Employee Right to Buy) (5) $ 23.04 12/14/2011   A4 941   02/26/2010 02/26/2017 Common Stock
941
$ 23.04 71,910
D
 
Stock Options (Employee Right to Buy) (5) $ 29.72 12/14/2011   A4 834   02/25/2009 02/25/2018 Common Stock
834
$ 29.72 72,744
D
 
Stock Options (Employee Right to Buy) (5) $ 29.72 12/14/2011   A4 835   02/25/2010 02/25/2018 Common Stock
835
$ 29.72 73,579
D
 
Stock Options (Employee Right to Buy) (5) $ 29.72 12/14/2011   A4 835   02/25/2011 02/25/2018 Common Stock
835
$ 29.72 74,414
D
 
Stock Options (Employee Right to Buy) (5) $ 8.85 12/14/2011   A4 1,490   02/23/2012 02/23/2019 Common Stock
1,490
$ 8.85 75,904
D
 
Stock Options (Employee Right to Buy) (5) $ 17.28 12/14/2011   A4 1,015   02/23/2011 02/23/2020 Common Stock
1,015
$ 17.28 76,919
D
 
Stock Options (Employee Right to Buy) (5) $ 17.28 12/14/2011   A4 1,017   02/23/2012 02/23/2020 Common Stock
1,017
$ 17.28 77,936
D
 
Stock Options (Employee Right to Buy) (5) $ 24.21 12/14/2011   A4 2,695   02/24/2012 02/24/2021 Common Stock
2,695
$ 24.21 80,631
D
 
Stock Options (Employee Right to Buy) (5) $ 24.21 12/14/2011   A4 2,695   02/24/2013 02/24/2021 Common Stock
2,695
$ 24.21 83,326
D
 
Stock Options (Employee Right to Buy) (5) $ 24.21 12/14/2011   A4 2,696   02/24/2014 02/24/2021 Common Stock
2,696
$ 24.21 86,022
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Barnard Randall Lee
ONE WILLIAMS CENTER
TULSA, OK 74172
      Sr. Vice President  

Signatures

Cher S. Lawrence, Attorney-in-Fact for Mr. Randall L. Barnard 02/14/2012
**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) Represents shares previously owned indirectly through the Company's Investment Plus Plan which were rolled to reporting person's Individual Retirement Account on November 23, 2011.
(2) Pursuant to anti-dilution provisions of this grant, the number of shares underlying the award was adjusted in conjunction with the Issuer's legal and structural separation of WPX Energy, Inc., in an exempt transaction pursuant to Rule 16a-9. The terms of adjustment were approved by the Issuer's Board of Directors.
(3) 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.
(4) 1-for-1
(5) Pursuant to anti-dilution provisions of this grant, the exercise price and the number of shares subject to it were adjusted in conjunction with the Issuer's legal and structural separation of WPX Energy, Inc., in an exempt transaction pursuant to Rule 16a-9. The terms of adjustment were approved by the Issuer's Board of Directors.

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