ULTRALIFE CORP — Director's Dealing 2013

Jun 6, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE CORP (ULBI)
CIK: 0000875657
Period of Report: 2013-06-04

Reporting Person: POPIELEC MICHAEL D (Director, President and CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-06-04	Restricted Stock Units	$	A	120000	Acquired	2020-12-30	Common Stock (120000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock; $.10 par value	185000	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of common stock.

F2: This award of Conditional Restricted Stock Units was granted on January 29, 2013 subject to shareholder approval, which occurred on June 4, 2013.

F3: 30,000 shares will vest on the later of January 1, 2014 or the date when the common stock first reaches a closing price of $4.00 per share for 15 trading days in a 30 trading-day period; 30,000 shares will vest on the later of January 1, 2014 or the date when the common stock first reaches a closing price of $5.00 per share for 15 trading days in a 30 trading-day period; 30,000 shares will vest on the later of January 1, 2015 or the date when the common stock first reaches a closing price of $4.00 per share for 15 trading days in a 30 trading-day period; and 30,000 shares will vest on the later of January 1, 2015 or the date when the common stock first reaches a closing price of $5.00 per share for 15 trading days in a 30 trading-day period.