ULTRALIFE CORP — Director's Dealing 2010

Dec 7, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE CORP (ULBI)
CIK: 0000875657
Period of Report: 2010-12-03

Reporting Person: HANNA PATRICK R JR (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-03	Common Stock (Right to Buy)	$6.9061	M	10000	Acquired	2017-12-03	Common Stock; $.10 par value (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $.10 par value	16154	Direct

Footnotes

F1: This option will vest as follows: 3,334 shares on 12/3/2011; 3,333 shares on 12/3/2012; and 3,333 shares on 12/3/2013.