X0306 4 2016-11-30 0000875657 ULTRALIFE CORP ULBI 0001294958 FAIN PHILIP A 2000 TECHNOLOGY PARKWAY NEWARK NY 14513 1 CFO and Treasurer Common Stock; $.10 par value 2016-11-30 4 M 0 5162 3.9085 A 66448 D Stock Options 3.9085 2016-11-30 4 M 0 33000 0 D 2016-11-30 2016-12-04 Common Stock 33000 0 D (1) Represents shares of common stock acquired by the Reporting Person upon exercise of options for 33,000 shares of common stock of the Company, net of 27,838 shares of common stock, retained by the Company at a price determined pursuant to the terms of the Company's 2004 Long Term Incentive Plan, in payment of the exercise price for the options and the Reporting Person's individual minimum statutory withholding tax obligation. (2) Represents exercise of options for 33,000 shares of common stock of the Company. /s/ Philip A. Fain 2016-12-02