Philip Fain - Dec 7, 2023 Form 4 Insider Report for ULTRALIFE CORP (ULBI)

Role
CFO and Treasurer
Signature
/s/ Philip Fain
Stock symbol
ULBI
Transactions as of
Dec 7, 2023
Transactions value $
$125,771
Form type
4
Date filed
12/11/2023, 04:04 PM
Previous filing
May 23, 2023
Next filing
Apr 19, 2024

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 $126K +18.4K +14.72% $6.84 143K Dec 7, 2023 Stock Options for ULBI Common Stock; $.10 par Value 18.4K 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 18,400 stock options to Philip A. Fain under Ultralife's 2014 Long-Term Incentive Plan as Amended. These options vest as follows: 6,134 options vest on December 7, 2024; 6,133 options vest on December 7, 2025 and 6,133 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.