ULTRALIFE CORP — Director's Dealing 2007

Nov 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE BATTERIES INC (ULBI)
CIK: 0000875657
Period of Report: 2007-11-26

Reporting Person: SINGH RANJIT C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-26	Common Stock; $.10 par value	M	23	$2.74	Acquired	12475	Direct
2007-11-26	Common Stock; $.10 par value	S	23	$13.04	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	100	$2.74	Acquired	12552	Direct
2007-11-26	Common Stock; $.10 par value	S	100	$13.03	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	77	$2.74	Acquired	12529	Direct
2007-11-26	Common Stock; $.10 par value	S	77	$13.02	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	100	$2.74	Acquired	12552	Direct
2007-11-26	Common Stock; $.10 par value	S	100	$13.01	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	200	$2.74	Acquired	12652	Direct
2007-11-26	Common Stock; $.10 par value	S	200	$12.98	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	100	$2.74	Acquired	12552	Direct
2007-11-26	Common Stock; $.10 par value	S	100	$12.97	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	100	$2.74	Acquired	12552	Direct
2007-11-26	Common Stock; $.10 par value	S	100	$12.96	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	100	$2.74	Acquired	12552	Direct
2007-11-26	Common Stock; $.10 par value	S	100	$12.94	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	100	$2.74	Acquired	12552	Direct
2007-11-26	Common Stock; $.10 par value	S	100	$12.91	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	200	$2.74	Acquired	12652	Direct
2007-11-26	Common Stock; $.10 par value	S	200	$12.88	Disposed	12452	Direct
2007-11-26	Common Stock; $.10 par value	M	100	$2.74	Acquired	12552	Direct
2007-11-26	Common Stock; $.10 par value	S	100	$12.85	Disposed	12452	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-26	Stock Option (Right to Buy)	$2.74	D	1200	Disposed	2007-11-29	Common Stock: $.10 par value (1200)	Direct