WMB » Topics » Item 8.01 Other Events.

This excerpt taken from the WMB 8-K filed Mar 3, 2009.

Item 8.01 Other Events.

On February 26, 2009, The Williams Companies, Inc. (the "Company") announced that it was initiating a private debt issuance to certain institutional investors. The Company intends to use the net proceeds from the offering for general corporate purposes, including enhancing the company’s liquidity position and the funding of capital expenditures. A copy of the Company’s press release announcing the same is attached as Exhibit 99.1 hereto.

Later on February 26, 2009, the Company also announced that it had priced the $600 million private offering of senior notes due 2020. The notes, which were offered to certain institutional investors, were priced with a 8.75 percent coupon and at 99.159 percent to par, with a yield to investors of 8.875 percent. A copy of the Company’s press release announcing the same is attached as Exhibit 99.2 hereto.





This excerpt taken from the WMB 8-K filed Sep 16, 2008.

Item 8.01 Other Events.

The Williams Companies, Inc. ("Williams") has been advised that effective on September 15, 2008, Ralph A. Hill, Senior Vice President - Exploration & Production, entered into a trading plan that provides for sales of Williams' common stock subject to certain price limits. In accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, the Williams Board of Directors approved guidelines which permit its officers and other insiders to enter into 10b5-1 trading plans or arrangements for systematic trading of Williams' securities.

Transactions made under the plan 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, Williams does not undertake any obligation to update or report any modification, termination or other activity under the plan or any other plan that may be adopted by other officers or directors of Williams.






SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    The Williams Companies, Inc.
          
September 16, 2008   By:   La Fleur C. Browne
       
        Name: La Fleur C. Browne
        Title: Assistant General Counsel and Corporate Secretary
This excerpt taken from the WMB 8-K filed May 27, 2008.

Item 8.01 Other Events.

On May 22, 2008, The Williams Companies, Inc. ("Williams") announced that it has that it has completed the purchase of certain interests in Colorado's Piceance Basin for approximately $285 million cash from SandRidge Energy and other parties.

A copy of the press release announcing the completion of the acquisition of natural gas interests in Colorado's Piceance Basin is furnished herewith as Exhibit 99.1. The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

Also, Williams has been advised that on May 27, 2008, Phillip D. Wright, Senior Vice President - Gas Pipeline, entered into a trading plan that provides for sales of Williams’ common stock subject to certain sales price limits. In accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, the Williams Board of Directors approved guidelines which permit its officers and other insiders to enter into 10b5-1 trading plans or arrangements for systematic trading of Williams’ securities.





This excerpt taken from the WMB 8-K filed May 12, 2008.

Item 8.01 Other Events.

On May 8, 2008, The Williams Companies, Inc. ("Williams") announced that it has agreed to purchase SandRidge Energy’s and other parties’ natural gas interests in Colorado’s Piceance Basin for approximately $285 million cash.

A copy of the press release announcing the acquisition of natural gas interests in Colorado's Piceance Basin is furnished herewith as Exhibit 99.1. The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.





This excerpt taken from the WMB 8-K filed Jan 15, 2008.

Item 8.01 Other Events.

On January 14, 2008, The Williams Companies, Inc. ("Williams") announced that it has monetized a contractual right to a production payment on certain future international hydrocarbon production for approximately $148 million. Williams expects to report a significant non-recurring gain in the first quarter of 2008 as a result of this transaction.

Of that amount, Williams has already received approximately $118 million in cash proceeds. Another $29 million has been placed into escrow, subject to certain post-closing conditions and adjustments.

A copy of the press release announcing the monetization of the international production payment contract is furnished herewith as Exhibit 99.1. The information furnished is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, is not subject to the liabilities of that section and is not deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.





This excerpt taken from the WMB 8-K filed May 8, 2006.

Item 8.01 Other Events.

On May 3, 2006, The Williams Companies, Inc. ("Williams") announced that one of its units and an affiliate of ONEOK, Inc. have entered into an agreement to form a joint venture that will develop new pipeline capacity for transporting natural gas liquids ("NGL") from production areas in southwestern Wyoming to central Kansas, known as the Overland Pass Pipeline.

ONEOK’s affiliate, Northern Border Partners, L.P., has agreed to reimburse Williams’ development costs to date for the proposed pipeline and initially will own 99 percent of Overland Pass Pipeline. Subsidiaries of Northern Border Partners will manage the construction project and operate the pipeline.

Williams is retaining a 1 percent interest in Overland Pass Pipeline Company and has the option to increase its ownership to 50 percent and become the operator within two years of the pipeline becoming operational. Start-up is tentatively planned for early 2008.

Additionally, Williams has agreed to dedicate its equity NGL volumes from its two Wyoming plants for transport on Overland Pass Pipeline under a long-term shipping agreement.

Subsidiaries of Northern Border Partners also will provide other downstream services that will ultimately give Williams access to another major demand hub in Mont Belvieu, Texas, for finished NGL products.

The joint venture and related commercial agreements are subject to approval by Williams’ board of directors.

A copy of Williams' press release publicly reporting the joint venture is furnished herewith as Exhibit 99.1.






This excerpt taken from the WMB 8-K filed Apr 17, 2006.

Item 8.01 Other Events.

See the disclosure under Item 1.02 of this report, which is incorporated by reference into this Item 8.01 in its entirety.





This excerpt taken from the WMB 8-K filed Mar 7, 2006.

Item 8.01 Other Events.

See the disclosure under Item 1.01 of this report, which is incorporated by reference into this Item 8.01 in its entirety.





This excerpt taken from the WMB 8-K filed Sep 20, 2005.

Item 8.01 Other Events.

On September 19, 2005, The Williams Companies, Inc. ("Williams") announced that it has reached an agreement to settle litigation filed in 2002 under the Employee Retirement Income Security Act against Williams, its board of directors as well as members of Williams' investment and benefits committee.

The settlement, which is subject to court approval and certain other conditions, provides for Williams to pay $55 million to the plaintiffs. Of that amount, $50 million is covered and will be paid by insurance.

A copy of the press release announcing the same is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein.





This excerpt taken from the WMB 8-K filed Mar 2, 2005.

Item 8.01. Other Events.

See the disclosure under Item 1.01 of this report, which is incorporated by reference into this Item 8.01 in its entirety.





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