ULTRALIFE CORP — Director's Dealing 2020

Nov 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE CORP (ULBI)
CIK: 0000875657
Period of Report: 2020-11-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-11-23	Common Stock; $.10 par value	M	26929	$6.4218	Acquired	297217	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-11-23	Stock Options	$6.4218	M	300000	Disposed	2020-12-30	Common Stock (300000)	Direct

Footnotes

F1: (1) Represents shares of common stock acquired by the Reporting Person upon exercise of options for 300,000 shares of common stock of the Company, net of 273,071 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 300,000 shares of common stock of the Company otherwise expiring on 12/30/2020.