Michael E. Manna - Dec 7, 2023 Form 4 Insider Report for ULTRALIFE CORP (ULBI)

Role
President and CEO, Director
Signature
/s/ Michael E. Manna
Stock symbol
ULBI
Transactions as of
Dec 7, 2023
Transactions value $
$157,214
Form type
4
Date filed
12/11/2023, 04:03 PM
Previous filing
Nov 13, 2023
Next filing
Dec 29, 2023

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 for ULBI Common Stock; $.10 par Value Award $157K +23K +23.71% $6.84 120K Dec 7, 2023 Stock Options for ULBI Common Stock; $.10 par Value 23K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 7, 2023 Ultralife Corporation's Board of Directors awarded 23,000 stock options to Michael E. Manna under Ultralife's 2014 Long-Term Incentive Plan as Amended. These options vest as follows: 7,667 options vest on December 7, 2024; 7,667 options vest on December 7, 2025 and 7,666 options vest on December 7, 2026. The price reported is the volume weighted average price (VWAP) for Ultralife Common Stock on December 7, 2023, the date of award.