X0306 4 2020-11-23 0000875657 ULTRALIFE CORP ULBI 0001226859 POPIELEC MICHAEL D 2000 TECHNOLOGY PARKWAY NEWARK NY 14513 1 1 Director, President and CEO Common Stock; $.10 par value 2020-11-23 4 M 0 26929 6.4218 A 297217 D Stock Options 6.4218 2020-11-23 4 M 0 300000 0 D 2020-11-23 2020-12-30 Common Stock 300000 0 D (1) Represents shares of common stock acquired by the Reporting Person upon exercise of options for 300,000 shares of common stock of the Company, net of 273,071 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 300,000 shares of common stock of the Company otherwise expiring on 12/30/2020. /s/ Michael D. Popielec 2020-11-24