U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
1. Name and address of Reporting Person
Frank E. Williams, Jr.
3008 Cyrandall Valley Road
Oakton, Virginia 22124
2. Issuer Name and Ticker or Trading Symbol
Williams Industries, Inc. (WMSI)
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for Month/Year
October 1999
5. If Amendment, Date of Original (Month/Year)
N/A
6. Relationship of Reporting Person to Issuer
X Director
Officer - Title -
X 10% Owner
Other
**********************
Table I
Non-Derivative Securities Acquired Disposed of, or Beneficially Owned
1. Title of Security
Williams Industries, Inc. Common Stock
2. Transaction Date (Month/Year)
a. 10/99
3. Transaction Code
Code
K
4. Securities Acquired (A) or Disposed of (D)
Amount (A) or (D) Price
a. 620,766 A $3.00*
* $3 per share was paid in cash at closing; however, the total
consideration is subject to increase according to a formula
contained in the purchase agreement; such increase is secured
by a pledge of 50,000 shares to the seller.
5. Amount of Securities Beneficially Owned at End of Month
a. 352,619
b. 158,705 Mr. Williams disclaims beneficial ownership of his wife's shares.
c. 751,646 includes 50,000 shares subject to a pledge in favor of
Bank of America, successor to NationsBank, described above.
d. 20,900
e. 3,000
f. 1,000
6. Ownership Form: Direct (D) or Indirect (I)
a. D
b. I
c. I
d. I
e. I
f. I
7. Nature of Indirect Beneficial Ownership
b. By wife (Mr. Williams disclaims beneficial ownership of his wife's shares)
c. By Williams Family Limited Partnership (includes 620,766
shares owned by Kravata of Virginia, Inc., of which the
Williams Family Limited Partnership is the controlling
shareholder) Mr. Williams is the President and controlling
person of the Williams Family Corporation, the General Partner
of the Williams Family Limited Partnership
d. By power of attorney from father
e. As trustee for minor granddaughter
f. As controlling person of Williams Family Foundation, a
charitable trust
Table II
Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Derivative Security
Options to Buy
2. Conversion or Exercise Price of Derivative Security
$2.75
3. Transaction Date (Month/Year)
A. 5/01/98 option granted
B. 1/22/99 option granted
4. Transaction Code
Code
n/a
5. Securities Acquired (A) or Disposed of (D)
Amount (A) or (D) Price
n/a
6. Date Exercisable and Expiration Date (Month/Date/Year)
A. 5/1/98 and 4/30/03
B. 1/22/99 and 1/21/04
7. Title and Amount of Underlying Securities
Williams Industries, Inc. Common Stock
Amount or Number of Shares -
A. 3000 shares
B. 2500 shares
8. Price of Derivative Security
n/a
9. Number of Derivative Securities Beneficially Owned at
End of Month
2 options as specified above
10. Ownership Form of Derivative Security: Direct (D) or
Indirect (I)
D
11. Nature of Indirect Beneficial Ownership
n/a
Signature
/s/ Frank E. Williams, Jr.
Frank E. Williams, Jr.
