ULTRALIFE CORP — Director's Dealing 2009

Apr 16, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE CORP (ULBI)
CIK: 0000875657
Period of Report: 2009-04-16

Reporting Person: SCHMITZ WILLIAM A (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-04-16	Common Stock; $.10 par value	M	6250	$4.96	Acquired	36316	Direct
2009-04-16	Common Stock; $.10 par value	F	4657	$8.06	Disposed	31659	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-04-16	Stock Option (Right to Buy)	$4.96	M	4657	Disposed	2009-04-25	Common stock; $.10 par value (0)	Direct

Footnotes

F1: Represents the total number of shares acquired prior to the cashless exercise of 6250 shares.

F2: The shares were sold to the issuer and were acquired contemporaneously upon the cashless exercise of stock options at an exercise price of $4.96.