ULTRALIFE CORP — Director's Dealing 2008

Mar 10, 2008

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: ULTRALIFE BATTERIES INC (ULBI)
CIK: 0000875657
Period of Report: 2008-02-29

Reporting Person: FAIN PHILIP A (Vice President)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Common Stock (Right to Buy)	$11.4217	2014-09-07	Common Stock; $.10 par value (10000)		Direct

Footnotes

F1: This option vests as follows: 3,334 shares on 9/7/08; 3,333 shares on 9/7/09 and 3,333 shares on 9/7/10