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ULTRALIFE CORP Director's Dealing 2008

Jun 4, 2008

34105_dirs_2008-06-04_0e5bf180-2abe-40ad-9b19-6fe89ba1a956.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: 2008-06-02

Reporting Person: CHRISTMAN DANIEL W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-02	Common Stock; $.10 par value	M	200	$10.00	Acquired	16484	Direct
2008-06-02	Common Stock; $.10 par value	S	200	$12.6798	Disposed	16284	Direct
2008-06-02	Common Stock; $.10 par value	M	1355	$10.00	Acquired	17639	Direct
2008-06-02	Common Stock; $.10 par value	S	1355	$12.65	Disposed	16284	Direct
2008-06-02	Common Stock; $.10 par value	M	300	$10.00	Acquired	16584	Direct
2008-06-02	Common Stock; $.10 par value	S	300	$12.67	Disposed	16284	Direct
2008-06-02	Common Stock; $.10 par value	M	400	$10.00	Acquired	16484	Direct
2008-06-02	Common Stock; $.10 par value	S	400	$12.71	Disposed	16284	Direct
2008-06-02	Common Stock; $.10 par value	M	200	$10.00	Acquired	16484	Direct
2008-06-02	Common Stock; $.10 par value	S	200	$12.75	Disposed	16284	Direct
2008-06-02	Common Stock; $.10 par value	M	400	$10.00	Acquired	16684	Direct
2008-06-02	Common Stock; $.10 par value	S	400	$12.775	Disposed	16284	Direct
2008-06-02	Common Stock; $.10 par value	M	145	$10.00	Acquired	16429	Direct
2008-06-02	Common Stock; $.10 par value	S	145	$12.79	Disposed	16284	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-02	Stock Option (Right to Buy)	$10.00	M	3000	Disposed	2008-06-30	Common Stock; $.10 par value (3000)	Direct