What is the primary purpose of this 8-K filing?

This 8-K filing serves two main purposes: to announce the completion of Williams Companies' acquisition of natural gas interests in Colorado's Piceance Basin and to inform investors about an insider's trading plan.

What was the financial impact of the Piceance Basin acquisition?

The company spent approximately $285 million in cash to acquire these interests. This represents a notable investment in expanding its natural gas asset portfolio.

Why is an insider entering into a trading plan?

Phillip D. Wright, a Senior Vice President, has entered into a Rule 10b5-1 trading plan. These plans are established by company executives to sell company stock in a systematic way over time, often to diversify their personal portfolios without creating the appearance of trading on material non-public information. The sales are subject to pre-set conditions and price limits.

Is the information about the acquisition considered 'filed' for liability purposes?

According to the filing, the information furnished regarding the acquisition and the press release is not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, meaning the company is not subject to the liabilities of that section for this information.

WMB 8-K SEC Disclosure — May 27, 2008

Summary

This 8-K filing from The Williams Companies, Inc. (WMB) on May 27, 2008, announces the completion of a significant acquisition and provides an update on insider trading activity. The company has purchased certain interests in Colorado's Piceance Basin for approximately $285 million in cash. This strategic move likely aims to expand its natural gas reserves and production capabilities in a key resource area. Additionally, the filing discloses that a Senior Vice President, Phillip D. Wright, has entered into a Rule 10b5-1 trading plan for the sale of company stock. This is a standard practice to allow insiders to diversify their holdings in a pre-determined manner, subject to market conditions. Investors should note the financial commitment made for the Piceance Basin assets and understand the context of insider trading plans.

Key Highlights

1Williams Companies completed the acquisition of natural gas interests in Colorado's Piceance Basin for approximately $285 million cash.
2The acquisition occurred on or before May 22, 2008.
3The Piceance Basin is a significant natural gas-producing region.
4Phillip D. Wright, Senior Vice President - Gas Pipeline, has entered into a Rule 10b5-1 trading plan for the sale of WMB common stock.
5The trading plan allows for sales subject to certain price limits.
6The Williams Board of Directors approved guidelines for insider 10b5-1 trading plans.

WILLIAMS COMPANIES, INC. 8-K Report, Corporate Update (May 27, 2008)

Summary

Key Highlights

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