ULTRALIFE CORP — Director's Dealing 2021

Mar 3, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ULTRALIFE CORP (ULBI)
CIK: 0000875657
Period of Report: 2021-03-01

Reporting Person: FAIN PHILIP A (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-01	Common Stock; $.10 par value	M	23160	$3.9384	Acquired	118160	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-01	Stock Options	$3.9384	M	70000	Acquired	2021-03-04	Common Stock (70000)	Direct

Footnotes

F1: (1) Represents shares of common stock acquired by the Reporting Person upon exercise of options for 70,000 shares of common stock of the Company, net of 46,840 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: Represents exercise of options for 70,000 shares of common stock of the Company otherwise expiring on 3/4/21.