Philip Fain - Mar 2, 2022 Form 4 Insider Report for ULTRALIFE CORP (ULBI)

Role
CFO and Treasurer
Signature
/s/ Philip A. Fain
Stock symbol
ULBI
Transactions as of
Mar 2, 2022
Transactions value $
$31,538
Form type
4
Date filed
3/4/2022, 09:59 AM
Previous filing
Dec 16, 2021
Next filing
Dec 8, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ULBI Common Stock; $.10 par value Options Exercise $31.5K +8.5K +7.08% $3.71 129K Mar 2, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ULBI Stock Options Options Exercise $0 +30K $0.00* 0 Mar 2, 2022 Common Stock 30K $3.71 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 (1) Represents shares of common stock acquired by the Reporting Person upon exercise of options for 30,000 shares of common stock of the Company, net of 21,500 shares of common stock, retained by the Company at a price determined pursuant to the terms of the Company's 2014 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 30,000 shares of common stock of the Company.