ULTRALIFE CORP — Director's Dealing 2016

Dec 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE CORP (ULBI)
CIK: 0000875657
Period of Report: 2016-11-30

Reporting Person: FAIN PHILIP A (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-30	Common Stock; $.10 par value	M	5162	$3.9085	Acquired	66448	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-30	Stock Options	$3.9085	M	33000	Disposed	2016-12-04	Common Stock (33000)	Direct

Footnotes

F1: (1) Represents shares of common stock acquired by the Reporting Person upon exercise of options for 33,000 shares of common stock of the Company, net of 27,838 shares of common stock, retained by the Company at a price determined pursuant to the terms of the Company's 2004 Long Term Incentive Plan, in payment of the exercise price for the options and the Reporting Person's individual minimum statutory withholding tax obligation.

F2: (2) Represents exercise of options for 33,000 shares of common stock of the Company.