View:
Download DOC
Download PDF
Download XLS
SEC FORM 4 SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940 		 
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
BARRELLA JOSEPH N
(Last) (First) (Middle)
2000 TECHNOLOGY PARKWAY
(Street)
NEWARK NY 14513
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
ULTRALIFE BATTERIES INC [ ULBI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
X Officer (give title below) Other (specify below)
Sr VP New Business Development
3. Date of Earliest Transaction (Month/Day/Year)
02/25/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, $.10 par value 02/25/2004 S 7,518 D $22.3005 101,482 D
Common Stock, $.10 par value 02/26/2004 M 21,018 A $7.375 122,500 D
Common Stock, $.10 par value 02/26/2004 S 10,000 D $22.02 112,500 D
Common Stock, $.10 par value 02/26/2004 S 11,018 D $22 101,482 D
Common Stock, $.10 par value 02/26/2004 M 1,500 A $11.25 102,982 D
Common Stock, $.10 par value 02/26/2004 S 1,500 D $22 101,482 D
Common Stock, $.10 par value 02/26/2004 M 1,500 A $10.0625 102,982 D
Common Stock, $.10 par value 02/26/2004 S 1,500 D $22 101,482 D
Common Stock, $.10 par value 02/26/2004 M 1,500 A $6.9375 102,982 D
Common Stock, $.10 par value 02/26/2004 S 1,500 D $22 101,482 D
Common Stock, $.10 par value 02/26/2004 M 1,500 A $6.25 102,982 D
Common Stock, $.10 par value 02/26/2004 S 1,500 D $22 101,482 D
Common Stock, $.10 par value 02/26/2004 M 20,000 A $4.15 121,482 D
Common Stock, $.10 par value 02/26/2004 S 20,000 D $22 101,482 D
Common Stock, $.10 par value 02/26/2004 M 1,500 A $4.49 102,982 D
Common Stock, $.10 par value 02/26/2004 S 1,500 D $22 101,482 D
Common Stock, $.10 par value 02/26/2004 M 1,500 A $3.38 102,982 D
Common Stock, $.10 par value 02/26/2004 S 1,500 D $22 101,482 D
Common Stock, $.10 par value 02/26/2004 S 36,982 D $22 64,500 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Options(1) $7.375 02/26/2004 M 21,018 06/02/2003 06/02/2006 Cm(2) 21,018 $0 0 D
Options(1) $11.25 02/26/2004 M 1,500 06/30/2000 06/30/2005 Cm(2) 1,500 $0 0 D
Options(1) $10.0625 02/26/2004 M 1,500 09/29/2000 09/29/2005 Cm(2) 1,500 $0 0 D
Options(1) $6.9375 02/26/2004 M 1,500 03/30/2001 03/30/2006 Cm(2) 1,500 $0 0 D
Options(1) $6.25 02/26/2004 M 1,500 09/28/2001 09/28/2006 Cm(2) 1,500 $0 0 D
Options(1) $4.15 02/26/2004 M 20,000 11/16/2003 11/16/2006 Cm(2) 27,350 $0 7,350(3) D
Options(1) $4.49 02/26/2004 M 1,500 12/31/2001 12/31/2006 Cm(2) 1,500 $0 0 D
Options(1) $3.38 02/26/2004 M 1,500 03/28/2002 03/28/2007 Cm(2) 1,500 $0 0 D
Explanation of Responses:
1. Option=Option to purchase Common Stock, $.10 par value
2. Cm=Common Stock, $.10 par value
3. Vests as follows: 3,675 shares on 11/16/04 and 3,675 shares on 11/16/05.
Remarks:
Peter F. Comerford by Authority of Joseph N. Barrella 02/27/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
CONFIRMING STATEMENT


 This Statement confirms that the undersigned, JOSEPH N.
 BARRELLA  has authorized and designated either Peter F. Comerford or
 Robert Fishback to execute and file on the undersigned's behalf
 Form 3's, Form 4's or Form 5's with the U.S. Securities and Exchange
 Commission through and until, December 31, 2004, that the undersigned
 is required or entitled to file with the U.S. Securities and Exchange
 Commission as a result of changes in the undersigned's ownership of
 securities of Ultralife Batteries, Inc.  The undersigned acknowledges
 that Peter F. Comerford or Robert Fishback are not assuming any of the
 undersigned's responsibilities to comply with Section 16 of the
 Securities Exchange Act of 1934.


 Date:  February 13, 2004


	/s/  Joseph N. Barrella
	JOSEPH N. BARRELLA