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ULTRALIFE CORP Director's Dealing 2008

May 21, 2008

34105_dirs_2008-05-21_10f50990-4f02-41b5-9a8e-8ab4aec0a0bf.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: 2008-05-19

Reporting Person: SINGH RANJIT C (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-19 Common Stock; $.10 par value M 2700 $10.00 Acquired 22652 Direct
2008-05-19 Common Stock; $.10 par value S 2700 $11.50 Disposed 19952 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-19 Stock Option (Right to Buy) $10.00 D 2700 Disposed 2008-06-30 Common Stock: $.10 par value (2700) Direct