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ULTRALIFE CORP Director's Dealing 2006

Aug 8, 2006

34105_dirs_2006-08-08_d5f8f908-1eab-435d-bcf7-06a63ccbd59b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE BATTERIES INC (ULBI)
CIK: 0000875657
Period of Report: 2006-08-07

Reporting Person: CHRISTMAN DANIEL W (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2006-08-07 Common Stock M 1500 $6.25 Acquired 8000 Direct
2006-08-07 Common Stock M 1500 $4.49 Acquired 9500 Direct
2006-08-07 Common Stock S 2900 $10.00 Disposed 6600 Direct
2006-08-07 Common Stock S 100 $10.02 Disposed 6500 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-08-07 Stock Option (Right to Buy) $6.25 M 1500 Disposed 2006-09-28 Common Stock; .10 par value (1500) Direct
2006-08-07 Stock Option (Right to Buy) $4.49 M 1500 Disposed 2006-12-31 Common Stock; .10 par value (1500) Direct