ULTRALIFE CORP — Major Shareholding Notification 2006

Nov 9, 2006

SC 13G/A 1 a06-23603_5sc13ga.htm AMENDMENT

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington,
D.C. 20549
SCHEDULE 13G

*Under the Securities Exchange Act of 1934 (Amendment No. 2)**

*Ultralife Batteries Inc.*

(Name of Issuer)

*Common Stock, par value $0.10 per share*

(Title of Class of Securities)

*903899102*

(CUSIP Number)

*October 31, 2006*

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

ý	Rule 13d-1(b)
o	Rule 13d-1(c)
o	Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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| CUSIP No. 903899102 — 1. | Names of Reporting
Persons. I.R.S. Identification Nos. of above persons (entities only) PowerShares Exchange-Traded Fund Trust | |
| --- | --- | --- |
| 2. | Check the Appropriate Box
if a Member of a Group (See Instructions) | |
| | (a) | o |
| | (b) | o |
| 3. | SEC Use Only | |
| 4. | Citizenship or Place of
Organization Massachusetts | |
| Number of Shares Beneficially Owned by Each Reporting Person With | 5. | Sole Voting Power 337,246 |
| | 6. | Shared Voting Power -0- |
| | 7. | Sole Dispositive Power 337,246 |
| | 8. | Shared Dispositive Power -0- |
| 9. | Aggregate Amount
Beneficially Owned by Each Reporting Person 337,246 | |
| 10. | Check if the Aggregate
Amount in Row (9) Excludes Certain Shares (See Instructions) o | |
| 11. | Percent of Class
Represented by Amount in Row (9) 2.26% | |
| 12. | Type of Reporting Person
(See Instructions) IV | |

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Item 1.	(a)	Name of Issuer Ultralife Batteries Inc.
	(b)	Address of Issuer’s
Principal Executive Offices 2000 Technology Parkway, Newark, New York 14513.
Item 2.
	(a)	Name of Person Filing PowerShares Capital Management, as Investment Adviser of the filing entities.
	(b)	Address of Principal
Business Office or, if none, Residence 301 West Roosevelt Road, Wheaton, Illinois
60187
	(c)	Citizenship Incorporated by reference to Item 4 of the cover page.
	(d)	Title of Class of
Securities Common Stock, par value $0.10 per share.
	(e)	CUSIP Number 903899102
Item 3.	If this statement is filed
pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person
filing is a:
	PowerShares
Exchange-Traded Fund Trust is an investment company registered under Section
8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

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Item 4.	Ownership
	The ownership information
as of October 31, 2006 has been incorporated by reference to Items 5-11 of
the cover pages.
Item 5.	Ownership of Five Percent
or Less of a Class
If this statement is being filed to report the fact
that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check
the following x .
Item 6.	Ownership of More than
Five Percent on Behalf of Another Person
Not applicable.
Item 7.	Identification and
Classification of the Subsidiary Which Acquired the Security Being Reported
on By the Parent Holding Company or Control Person
Not applicable.
Item 8.	Identification and
Classification of Members of the Group
Not applicable.
Item 9.	Notice of Dissolution of
Group
Not applicable.
Item 10.	Certification
By signing below I
certify that, to the best of my knowledge and belief, the securities referred
to above were acquired and are held in the ordinary course of business and
were not acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and were
not acquired and are not held in connection with or as a participant in any
transaction having that purpose or effect.

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Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

| POWERSHARES CAPITAL
MANAGEMENT LLC |
| --- |
| November 9, 2006 |
| Date |
| /S/ John W. Southard |
| Signature |
| John W. Southard Managing Director |
| Name/Title |

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