UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 13, 2008
The Williams Companies, Inc.
(Exact name of registrant as specified in its charter)
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| Delaware
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1-4174
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73-0569878 |
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(State or other
jurisdiction of
incorporation)
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(Commission
File Number)
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(I.R.S. Employer
Identification No.) |
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| One Williams Center, Tulsa, Oklahoma
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74172 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s telephone number, including area code: 918/573-2000
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240-14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
TABLE OF CONTENTS
On June 13, 2008, Steven J. Malcolm, Chairman, President and Chief Executive Officer of The
Williams Companies, Inc. (the “Company”) and Donald R. Chappel, Senior Vice President and Chief
Financial Officer of the Company, each adopted a stock-trading plan in accordance with Rule 10b5-1
under the Securities and Exchange Act of 1934, as amended, and the Companys’ policy prohibiting insider
trading.
The plans provide for the exercise of options to purchase shares of the Company’s common stock and
the subsequent sale of the acquired shares on the open market at prevailing market prices, in each
case, subject to minimum price thresholds.
Mr. Malcolm’s plan was adopted in order to diversify his investment portfolio given that he will
reach the age of 60 during 2008 and provides for the sale of up to 485,893 shares. Mr. Malcolm’s
plan expires in December 2008. As of June 13, 2008, Mr. Malcolm directly or indirectly owned
919,822 shares of the Company’s common stock as well as 1,711,751 options to purchase shares of the
Company’s common stock that are exercisable within 60 days.
Mr. Chappel’s plan was adopted as part of his financial and tax planning strategy and provides for
the sale of up to 100,000 shares. Mr. Chappel’s plan expires in August 2009. As of June 13, 2008,
Mr. Chappel directly or indirectly owned 298,711 shares of the Company’s common stock as well as
374,097 options to purchase shares of the Company’s common stock that are exercisable within 60
days.
Transactions made under the plans will be reported to the Securities and Exchange Commission in
accordance with applicable securities laws, rules and regulations. Except as may be required by
law, the Company does not undertake any obligation to update or report any modification,
termination, or other activity under the plans or any other plan that may be adopted by other
officers or directors of the Company.
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