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 *
Timmermans Ted T
 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)
Vice President and Controller
(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

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 (1) $ 10.86 12/14/2011   A4 1,635   02/23/2012(2) 02/23/2012 Common Stock
1,635
(3) 41,711
D
 
Restricted Stock Units (1) $ 21.22 12/14/2011   A4 1,050   02/23/2013(2) 02/23/2013 Common Stock
1,050
(3) 42,761
D
 
Restricted Stock Units (1) $ 29.73 12/14/2011   A4 834   02/24/2014(2) 02/24/2014 Common Stock
834
(3) 43,595
D
 
Restricted Stock Units (1) $ 10.86 12/14/2011   A4 2,617   02/23/2012 02/23/2012 Common Stock
2,617
(3) 46,212
D
 
Restricted Stock Units (1) $ 21.22 12/14/2011   A4 1,680   02/23/2013 02/23/2013 Common Stock
1,680
(3) 47,892
D
 
Restricted Stock Units (1) $ 29.73 12/14/2011   A4 1,335   02/24/2014 02/24/2014 Common Stock
1,335
(3) 49,227
D
 
Stock Options (Right to Buy) (4) $ 15.71 12/14/2011   A4 5   02/25/2006 02/25/2015 Common Stock
5
$ 15.71 89,094
D
 
Stock Options (Right to Buy) (4) $ 15.71 12/14/2011   A4 5   02/25/2007 02/25/2015 Common Stock
5
$ 15.71 89,099
D
 
Stock Options (Right to Buy) (4) $ 15.71 12/14/2011   A4 5   02/25/2008 02/25/2015 Common Stock
5
$ 15.71 89,104
D
 
Stock Options (Right to Buy) (4) $ 16.64 12/14/2011   A4 3   07/19/2006 07/19/2015 Common Stock
3
$ 16.64 89,107
D
 
Stock Options (Right to Buy) (4) $ 16.64 12/14/2011   A4 3   07/19/2007 07/19/2015 Common Stock
3
$ 16.64 89,110
D
 
Stock Options (Right to Buy) (4) $ 16.64 12/14/2011   A4 5   07/19/2008 07/19/2015 Common Stock
5
$ 16.64 89,115
D
 
Stock Options (Right to Buy) (4) $ 17.65 12/14/2011   A4 791   03/03/2007 03/03/2016 Common Stock
791
$ 17.65 89,906
D
 
Stock Options (Right to Buy) (4) $ 17.65 12/14/2011   A4 791   03/03/2008 03/03/2016 Common Stock
791
$ 17.65 90,697
D
 
Stock Options (Right to Buy) (4) $ 17.65 12/14/2011   A4 792   03/03/2009 03/03/2016 Common Stock
792
$ 17.65 91,489
D
 
Stock Options (Right to Buy) (4) $ 23.04 12/14/2011   A4 796   02/26/2008 02/26/2017 Common Stock
796
$ 23.04 92,285
D
 
Stock Options (Right to Buy) (4) $ 23.04 12/14/2011   A4 797   02/26/2009 02/26/2017 Common Stock
797
$ 23.04 93,082
D
 
Stock Options (Right to Buy) (4) $ 23.04 12/14/2011   A4 797   02/26/2010 02/26/2017 Common Stock
797
$ 23.04 93,879
D
 
Stock Options (Right to Buy) (4) $ 29.72 12/14/2011   A4 677   02/25/2009 02/25/2018 Common Stock
677
$ 29.72 94,556
D
 
Stock Options (Right to Buy) (4) $ 29.72 12/14/2011   A4 677   02/25/2010 02/25/2018 Common Stock
677
$ 29.72 95,233
D
 
Stock Options (Right to Buy) (4) $ 29.72 12/14/2011   A4 677   02/25/2011 02/25/2018 Common Stock
677
$ 29.72 95,910
D
 
Stock Options (Right to Buy) (4) $ 8.85 12/14/2011   A4 1,387   02/23/2012 02/23/2019 Common Stock
1,387
$ 8.85 97,297
D
 
Stock Options (Right to Buy) (4) $ 8.85 12/14/2011   A4 1,388   02/23/2013 02/23/2019 Common Stock
1,388
$ 8.85 98,685
D
 
Stock Options (Right to Buy) (4) $ 8.85 12/14/2011   A4 1,388   02/23/2014 02/23/2019 Common Stock
1,388
$ 8.85 100,073
D
 
Stock Options (Right to Buy) (4) $ 17.28 12/14/2011   A4 946   02/23/2011 02/23/2020 Common Stock
946
$ 17.28 101,019
D
 
Stock Options (Right to Buy) (4) $ 17.28 12/14/2011   A4 946   02/23/2012 02/23/2020 Common Stock
946
$ 17.28 101,965
D
 
Stock Options (Right to Buy) (4) $ 17.28 12/14/2011   A4 946   02/23/2013 02/23/2020 Common Stock
946
$ 17.28 102,911
D
 
Stock Options (Right to Buy) (4) $ 24.21 12/14/2011   A4 831   02/24/2012 02/24/2021 Common Stock
831
$ 24.21 103,742
D
 
Stock Options (Right to Buy) (4) $ 24.21 12/14/2011   A4 832   02/24/2013 02/24/2021 Common Stock
832
$ 24.21 104,574
D
 
Stock Options (Right to Buy) (4) $ 24.21 12/14/2011   A4 832   02/24/2014 02/24/2021 Common Stock
832
$ 24.21 105,406
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Timmermans Ted T
ONE WILLIAMS CENTER
TULSA, OK 74172		       Vice President and Controller  

Signatures

Cher S. Lawrence, Attorney-in-Fact for Ted T. Timmermans 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) 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.
(2) 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.
(3) 1-for-1
(4) 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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