ULTRALIFE CORP — Director's Dealing 2011

May 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE CORP (ULBI)
CIK: 0000875657
Period of Report: 2011-05-20

Reporting Person: WHITMORE BRADFORD T (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-20	Common Stock	P	4000000	$4.5	Acquired	4598844	Direct
2011-05-20	Common Stock	S	4000000	$4.5	Disposed	518616	Indirect

Footnotes

F1: As a result of the transaction reported herein, Bradford T. Whitmore directly owns 4,598,844 shares of Common Stock. Bradford T. Whitmore is also an indirect beneficial owner, as General Partner of Grace Brothers, Ltd. of 518,616 shares.

F2: Bradford T. Whitmore purchased 4,000,000 shares of Common Stock from Grace Brothers, Ltd. in a private transaction.