Michael E. Manna - 21 Feb 2023 Form 4 Insider Report for ULTRALIFE CORP (ULBI)

Role: President and CEO, Director
Signature: /s/ Michael E. Manna
Issuer symbol: ULBI
Transactions as of: 21 Feb 2023
Net transactions value: +$50,921
Form type: 4
Filing time: 23 Feb 2023, 13:17:15 UTC
Previous filing: 16 Dec 2022
Next filing: 07 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ULBI	ISO Stock Options for ULBI Common Stock; $.10 par value (1)	Award	$50,921	+12,500		$4.07	8,000	21 Feb 2023	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On February 21, 2023 Ultralife Corporation's Board of Directors awarded 12,500 stock options to Michael E. Manna under Ultralife's 2014 Long-Term Incentive Plan as Amended. These options vest as follows: 4,167 options vest on February 21, 2024; 4,167 options vest on February 21, 2025 and 4,166 options vest on February 21, 2026. The price reported is the volume weighted average price (VWAP) for Ultralife Common Stock on February 21, 2023, the date of award.

Content

On February 21, 2023 Ultralife Corporation's Board of Directors awarded 12,500 stock options to Michael E. Manna under Ultralife's 2014 Long-Term Incentive Plan as Amended. These options vest as follows: 4,167 options vest on February 21, 2024; 4,167 options vest on February 21, 2025 and 4,166 options vest on February 21, 2026. The price reported is the volume weighted average price (VWAP) for Ultralife Common Stock on February 21, 2023, the date of award.