ULTRALIFE CORP — Director's Dealing 2007

Nov 29, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ULTRALIFE BATTERIES INC (ULBI)
CIK: 0000875657
Period of Report: 2007-11-28

Reporting Person: Evans James E (Vice President)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock (Right to Buy)	$9.84	2013-09-08	Common Stock; $.10 par value (12000)		Direct
Common Stock (Right to Buy)	$9.70	2014-06-06	Common Stock; $.10 par value (10000)		Direct

Footnotes

F1: This option vests as follows: 4,000 shares on 9/8/07; 4,000 shares on 9/8/08 and 4,000 shares on 9/8/09

F2: This option vests as follows: 3,334 shares on 6/6/08; 3,333 shares on 6/6/09 and 3,333 shares on 6/6/10