EX-99.1 4 l21955aexv99w1.htm EX-99.1 EX-99.1
 

Exhibit 99.1
Ultralife Batteries, Inc.
Non-Statutory Stock Option Award to John D. Kavazanjian
 
     
 
    
Notice of Grant of Stock Options
And Option Agreement
   Ultralife Batteries, Inc.
ID: 16-1387013
2000 Technology Parkway
Newark, NY 14513-2175
 
         
 
        
John D. Kavazanjian
  Option Number:
Plan: 		  00001541
NP04
 
Effective 6/8/2006, you have been granted a(n) Non-Qualified Stock Option to buy 48,000 shares of Ultralife Batteries, Inc. (the Company) stock at $12.9600 per share. This option has been granted to you outside of the Company’s Amended and Restated Long-Term Incentive Plan (LTIP).
The total option price of the shares granted is $622,080.00.
Shares in each period will become fully vested on the date shown.
             
Shares   Vest Type   Full Vest   Expiration
 
            
16,000
  On Vest Date   12/9/2006   6/8/2013
16,000
  On Vest Date   12/9/2007   6/8/2013
16,000
  On Vest Date   12/9/2008   6/8/2013
 
By your signature and the Company’s signature below, you and the Company agree that these options are granted outside of the LTIP but that the options incorporated by reference and governed by the terms and conditions of the Company’s LTIP as amended and the Option Agreement, all of which are attached and made a part of this document.
 
     
 
    
 
   
Ultralife Batteries, Inc.
  Date
 
    
 
   
John D. Kavazanjian
  Date
 
    
 
   
Address
  Social Security Number