4 1 rbo02-3.txt 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 R. Bentley Offutt 11350 McCormick Road Executive Plaza 3, Suite 903 Hunt Valley, Maryland 21031 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 March/2002 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person to Issuer X Director Officer - Title - 10% Owner Other 7. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person ********************** Table 1 Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security Williams Industries, Inc. Common Stock 2. Transaction Date (Month/Day/Year) a. 1/31/2002 b. 3/13/2002 c. 3/21/2002 3. Transaction Code Code a. J (Accrued monthly under director compensation plan providing for $600 grant of shares per month at monthly closing price, shares to be issued annually in January) b. S (shares sold by spouse) c. S (shares sold by spouse) 4. Securities Acquired (A) or Disposed of (D) Amount (A) or (D) Price a. 1,785 A $2.75-$5.29* * monthly closing prices at which grant accrued under director compensation plan b. 323 D $5.25 c. 24,677 D $5.15 5. Amount of Securities Beneficially Owned at The End of the Month 2,945 Shares 6. Ownership Form: Direct (D) or Indirect (I) D 7. Nature of Indirect Beneficial Ownership n/a ********************** 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 A. $2.75 B. $2.75 C. $3.34 D. $2.78 E. $4.45 3. Transaction Date (Month/Year) A. 5/01/98 option granted B. 1/22/99 option granted C. 1/21/00 option granted D. 1/19/01 option granted E. 1/21/02 option granted 4. Transaction Code Code A 5. Securities Acquired (A) or Disposed of (D) Amount (A) or (D) Price One A option granted at market price 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 C. 1/21/00 and 1/20/05 D. 1/19/01 and 1/18/06 E. 1/21/02 and 1/20/07 7. Title and Amount of Underlying Securities Williams Industries, Inc. Common Stock Amount or Number of Shares - A. 3000 shares B. 2500 shares C. 2500 shares D. 2500 shares E. 2500 shares 8. Price of Derivative Security n/a 9. Number of Derivative Securities Beneficially Owned at End of Year 5 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/ R. Bentley Offutt R. Bentley Offutt