ULTRALIFE CORP — Director's Dealing 2009

Apr 22, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE CORP (ULBI)
CIK: 0000875657
Period of Report: 2009-04-20

Reporting Person: FISHBACK ROBERT W (VP of Finance & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-04-20	Common Stock, $.10 par value	M	15000	$4.96	Acquired	37766	Direct
2009-04-20	Common Stock, $.10 par value	S	100	$7.38	Disposed	37666	Direct
2009-04-20	Common Stock, $.10 par value	S	600	$7.40	Disposed	37066	Direct
2009-04-20	Common Stock, $.10 par value	S	200	$7.43	Disposed	36866	Direct
2009-04-20	Common Stock, $.10 par value	S	600	$7.45	Disposed	36266	Direct
2009-04-20	Common Stock, $.10 par value	S	400	$7.46	Disposed	35866	Direct
2009-04-20	Common Stock, $.10 par value	S	100	$7.47	Disposed	35766	Direct
2009-04-20	Common Stock, $.10 par value	S	700	$7.48	Disposed	35066	Direct
2009-04-20	Common Stock, $.10 par value	S	1300	$7.49	Disposed	33766	Direct
2009-04-20	Common Stock, $.10 par value	S	2222	$7.50	Disposed	31544	Direct
2009-04-20	Common Stock, $.10 par value	S	1678	$7.51	Disposed	29866	Direct
2009-04-20	Common Stock, $.10 par value	S	1200	$7.52	Disposed	28666	Direct
2009-04-20	Common Stock, $.10 par value	S	700	$7.53	Disposed	27966	Direct
2009-04-20	Common Stock, $.10 par value	S	700	$7.54	Disposed	27266	Direct
2009-04-20	Common Stock, $.10 par value	S	100	$7.55	Disposed	27166	Direct
2009-04-20	Common Stock, $.10 par value	S	200	$7.56	Disposed	26966	Direct
2009-04-20	Common Stock, $.10 par value	S	100	$7.60	Disposed	26866	Direct
2009-04-20	Common Stock, $.10 par value	S	1000	$7.61	Disposed	25866	Direct
2009-04-20	Common Stock, $.10 par value	S	200	$7.62	Disposed	25666	Direct
2009-04-20	Common Stock, $.10 par value	S	1	$7.65	Disposed	25665	Direct
2009-04-20	Common Stock, $.10 par value	S	799	$7.68	Disposed	24866	Direct
2009-04-20	Common Stock, $.10 par value	S	600	$7.73	Disposed	24266	Direct
2009-04-20	Common Stock, $.10 par value	S	10	$7.75	Disposed	24256	Direct
2009-04-20	Common Stock, $.10 par value	S	100	$7.76	Disposed	24156	Direct
2009-04-20	Common Stock, $.10 par value	S	200	$7.77	Disposed	23956	Direct
2009-04-20	Common Stock, $.10 par value	S	119	$7.81	Disposed	23837	Direct
2009-04-20	Common Stock, $.10 par value	S	71	$7.86	Disposed	23766	Direct
2009-04-20	Common Stock, $.10 par value	S	100	$7.88	Disposed	23666	Direct
2009-04-20	Common Stock, $.10 par value	S	100	$7.91	Disposed	23566	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-04-20	Common Stock (Right to Buy)	$4.96	M	15000	Disposed	2009-04-25	Common Stock: $.10 par value (15000)	Direct

Footnotes

F1: This is the first of 2 form 4s covering transactions on April 20, 2009.

F2: This option was exercised and the resulting shares sold pursuant to a Rule 10b5-1 trading plan entered into on June 6, 2008.