WILLIAMS INDUSTRIES INC 4
4 · WILLIAMS INDUSTRIES INC · Filed Jan 18, 2008
Insider Transaction Report
Form 4
WILLIAMS INDUSTRIES INCwmsi.pk
WILLIAMS FRANK E JR
Director10% Owner
Transactions
- Purchase
Common Stock
2008-01-16$2.20/sh+1,000$2,200→ 508,554 total - Purchase
Common Stock
2008-01-17$2.20/sh+1,000$2,200→ 46,100 total(indirect: By Foundation)
Holdings
- 13,000(indirect: By Trust)
Common Stock
- 176,879(indirect: By Spouse)
Common Stock
- 3,000
Option
Exercise: $3.55From: 2003-02-09Exp: 2008-02-08→ Common Stock (3,000 underlying) - 338,300(indirect: by Williams Enterprises of Georgia, Inc.)
Common Stock
- 6,000
Option
Exercise: $4.10From: 2005-01-20Exp: 2010-01-19→ Common Stock (6,000 underlying) - 826,456(indirect: by Williams Family LP)
Common Stock
Footnotes (5)
- [F1]As previously reported, 150,000 shares owned by the Williams Family LP are subject to a pledge in favor of a banking institution to secure indebtedness of the Williams Family LP. This was reported on the advice of counsel because the pledge of the shares grants dispositive power to the lender, who may dispose of the shares without further consent of the owner in the event of default on the underlying indebtedness.
- [F2]Except as noted in Footnote #1, I have sole dispositive power over these shares, and I am also a beneficial owner with my sons Frank E. Williams, III and H. Arthur Williams. These shares are duplicative of shares reported for my sons.
- [F3]As previously reported, 338,300 shares owned by Williams Enterprises of Georgia, Inc. are subject to a pledge in favor of a banking institution to secure indebtedness of Williams Enterprises of Georgia, Inc. This was reported on the advice of counsel because the pledge of the shares grants dispositive power to the lender, who may dispose of the shares without further consent of the owner in the event of default on the underlying indebtedness.
- [F4]Except as noted in Footnote #3, I have dispositive power over these shares, and I am also a beneficial owner with my sons Frank E. Williams, III and H. Arthur Williams. These shares are duplicative of shares reported for my sons.
- [F5]I disclaim beneficial ownership of these shares.