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: Bank of America Corporation Bank of America Corporate Center 100 North Tryon Street Charlotte, NC 28255 ------------------------------------------------------------ 2 Issuer Name and Ticker or Trading Symbol: Williams Industries, Inc. (WMSI) ------------------------------------------------------------ 3 IRS Number of Reporting Person: 560906609 ------------------------------------------------------------ 4 Statement For: October 1999 ------------------------------------------------------------ 5 If Amendment, Date of Original: ------------------------------------------------------------ 6 Relationship of Reporting Person to Issuer: Director Officer 10% Owner X Other ------------------------------------------------------------ 7 Individual or Joint/Group Filing: Form Filed by One Reporting Person: Form Filed by More than One Reporting Person: X ------------------------------------------------------------ FORM 4 Page 2 of 3 Table I Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned ------------------------------------------------------------ 1 Title of Security: Williams Industries, Inc. Common Stock ------------------------------------------------------------ 2 Transaction Date: October 4, 1999 ------------------------------------------------------------ 3 Transaction Code = S ------------------------------------------------------------ 4 Securities Acquired (A) or Disposed of (D): Amount A or D Price 620,766 D $3 ------------------------------------------------------------ 5 Amount of Securities Beneficially Owned at End of Month: 500 ------------------------------------------------------------ 6 Ownership Form: Direct (D) ------------------------------------------------------------ 7 Nature of Indirect Beneficial Ownership: Not Applicable ------------------------------------------------------------ FORM 4 Page 3 of 3 Information Regarding Joint Filers and Other Entities Name, Address, Designation Bank of America Corporation 100 North Tryon Street Charlotte, NC 28255 Parent of NB Holdings Corporation NB Holdings Corporation 1209 Orange Street Wilmington, DE 19801 Parent of Bank Of America, N.A. Bank of America, N.A. 101 South Tryon Street Charlotte, NC 28255 National Bank DATE: November 22, 1999 Bank of America Corporation NB Holdings Corporation Bank of America, N.A. BY: /s/ PETER J. BROWN Peter J. Brown Vice President Corporate Compliance