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<SEC-DOCUMENT>0000950152-07-009593.txt : 20071213
<SEC-HEADER>0000950152-07-009593.hdr.sgml : 20071213
<ACCEPTANCE-DATETIME>20071213161547
ACCESSION NUMBER:		0000950152-07-009593
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071207
ITEM INFORMATION:		Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
FILED AS OF DATE:		20071213
DATE AS OF CHANGE:		20071213

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ULTRALIFE BATTERIES INC
		CENTRAL INDEX KEY:			0000875657
		STANDARD INDUSTRIAL CLASSIFICATION:	MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
		IRS NUMBER:				161387013
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-20852
		FILM NUMBER:		071304792

	BUSINESS ADDRESS:	
		STREET 1:		2000 TECHNOLOGY PARKWAY
		CITY:			NEWARK
		STATE:			NY
		ZIP:			14513
		BUSINESS PHONE:		3153327100

	MAIL ADDRESS:	
		STREET 1:		2000 TECHNOLOGY PARKWAY
		CITY:			NEWARK
		STATE:			NY
		ZIP:			14513
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>l29197ae8vk.htm
<DESCRIPTION>ULTRALIFE BATTERIES, INC. 8-K
<TEXT>
<HTML>
<HEAD>
<TITLE>ULTRALIFE BATTERIES, INC. 8-K</TITLE>
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<DIV style="font-family: 'Times New Roman',Times,serif">


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<DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>




<DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>United States<BR>
Securities and Exchange Commission</B>
</DIV>

<DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
</DIV>

<DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM 8-K</B>
</DIV>


<DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>Current Report Pursuant to<BR>
Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934</B>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>
December&nbsp;7, 2007<BR>
(Date of Report)</B>
</DIV>

<DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>ULTRALIFE BATTERIES, INC.</B>
</DIV>

<DIV align="center" style="font-size: 10pt">
(Exact name of registrant as specified in its charter)</DIV>


<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="30%">&nbsp;</TD>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>Delaware</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>000-20852</B>
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>16-1387013</B></TD>
</TR>
<TR valign="bottom">
    <TD align="center" valign="top">(State of incorporation)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(Commission File Number)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top">(IRS Employer Identification No.)</TD>
</TR>
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</TABLE>
</DIV>

<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
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    <TD width="47%">&nbsp;</TD>
</TR>
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<TR valign="bottom">
    <TD align="center" valign="top"><B>2000 Technology Parkway, Newark, New York</B><BR>
(Address of principal executive offices)
</TD>
    <TD>&nbsp;</TD>
    <TD align="center" valign="top"><B>14513</B><BR>
(Zip Code)</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 12pt"><B>
(315)&nbsp;332-7100<BR>
(Registrant&#146;s telephone number, including area code)</B>
</DIV>

<DIV align="center">
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</TR>
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</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the
registrant under any of the following provisions (see General Instruction A.2. below):
</DIV>
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    <TD></TD>
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<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Written communications pursuant to Rule&nbsp;425 under the Securities Act (17 CFR 230.425)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
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    <TD width="3%"></TD>
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    <TD></TD>
</TR>

<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Soliciting material pursuant to Rule&nbsp;14a-12 under the Exchange Act (17 CFR 240.14a-12)
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
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    <TD></TD>
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<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
</TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="margin-top: 6pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
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    <TD></TD>
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<TR>
    <TD><FONT face="Wingdings">&#111;</FONT></TD>
    <TD>&nbsp;</TD>
    <TD>Pre-commencement communications pursuant to Rule&nbsp;13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
</TD>
</TR>
</TABLE>
</DIV>


<DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
<DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>











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<DIV style="font-family: 'Times New Roman',Times,serif">








<DIV align="left" style="margin-top: 12pt">
<TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; background: transparent; color: #000000">
<TR>
    <TD width="3%"></TD>
    <TD width="1%"></TD>
    <TD></TD>
</TR>
<TR valign="top">
    <TD nowrap align="left"><B>Item&nbsp;5.02</B></TD>
    <TD>&nbsp;</TD>
    <TD><B>Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</B></TD>
</TR>
</TABLE>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>Executive Compensation Arrangements</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On December&nbsp;7, 2007, the Board of Directors (the &#147;Board&#148;) of Ultralife Batteries, Inc. (the
&#147;Company&#148;) on the recommendation of its Compensation and Management Committee (the &#147;Committee&#148;)
adopted certain material compensation arrangements for the Company&#146;s executive officers, including
its Named Executive Officers. The Company&#146;s Named Executive Officers are those executive officers
for whom disclosure is required in the Company&#146;s filings with the Securities and Exchange
Commission pursuant to Item 402(c) of Regulation&nbsp;S-K.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The material compensation arrangements for 2008 for executive officers, including Named
Executive Officers, adopted by the Board consist of (1)&nbsp;a base compensation plan, (2)&nbsp;a non-equity
incentive plan, and (3)&nbsp;a long-term equity incentive plan, under which stock options and
time-vested restricted shares were awarded. In addition, the Board, on the Committee&#146;s
recommendation, reaffirmed its previously adopted policy to encourage ownership of the Company&#146;s
stock by the Company&#146;s executive officers. Each of these arrangements and the stock ownership
policy are summarized below. The Company&#146;s compensation policies will be discussed in detail in
the Compensation Discussion and Analysis to be included in the Company&#146;s 2008 proxy statement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>A. Base Compensation Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under the base compensation plan for 2008, each of the Named Executive Officers will receive
annual base compensation in the amount set forth opposite his name.
</DIV>
<DIV align="center">
<TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
<!-- Begin Table Head -->
<TR valign="bottom">
    <TD width="20%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="50%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="4%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
</TR>
<TR style="font-size: 8pt" valign="bottom">
    <TD nowrap align="left" style="border-bottom: 1px solid #000000"><B>Name</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" style="border-bottom: 1px solid #000000"><B>Title</B></TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="center" colspan="3" style="border-bottom: 1px solid #000000"><B>Amount</B></TD>
</TR>

<!-- End Table Head -->
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<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">John D. Kavazanjian
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">President and Chief Executive Officer
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">350,000</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">William A. Schmitz
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Chief Operating Officer
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">265,000</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Robert W. Fishback
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of Finance and Chief Financial Officer
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">220,000</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom"><!-- Blank Space -->
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">&nbsp;</TD>
    <TD align="right" valign="top">&nbsp;</TD>
    <TD valign="top">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Peter F. Comerford
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top">Vice President of Administration and General Counsel
</TD>
    <TD>&nbsp;</TD>
    <TD nowrap align="right" valign="top">$</TD>
    <TD align="right" valign="top">190,000</TD>
    <TD nowrap valign="top">&nbsp;</TD>
</TR>
<!-- End Table Body -->
</TABLE>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>B. Non-Equity Incentive Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Kavazanjian will be eligible to receive a target cash award in an amount equal to up to
50% of his annual base compensation under the non-equity incentive plan for 2008. The
determination as to whether Mr.&nbsp;Kavazanjian receives such cash award and the amount of such award
actually paid to him, if any, will be based on whether the Company meets predetermined targets for
its operating performance. The Company&#146;s operating performance must exceed 90% of the applicable
targets in order for Mr.&nbsp;Kavazanjian to receive his target non-equity incentive plan award. If the
Company&#146;s operating performance exceeds 100% of the applicable targets, Mr.&nbsp;Kavazanjian&#146;s
non-equity incentive plan award could equal up to 100% of his annual base compensation.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Schmitz will be eligible to receive a target cash award in an amount equal to up to 40% of
his annual base compensation under the non-equity incentive plan for 2008. The determination as to
whether Mr.&nbsp;Schmitz receives such cash award and the amount of such award actually paid to him, if
any, will be based on whether the Company meets predetermined targets for its operating
performance. The Company&#146;s operating performance must exceed 90% of the applicable targets in
order for Mr.&nbsp;Schmitz to receive his target non-equity incentive plan award. If the Company&#146;s
operating performance exceeds 100% of the applicable targets, Mr.&nbsp;Schmitz&#146;s non-equity incentive
plan award could equal up to 80% of his annual base compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Fishback will be eligible to receive a target cash award in an amount equal to up to 40%
of his annual base compensation under the non-equity incentive plan for 2008. The determination as
to whether Mr.&nbsp;Fishback receives such cash award and the amount of such award actually paid to him,
if any, will be based on whether the Company meets predetermined targets for its operating
performance. The Company&#146;s operating performance must exceed 90% of the applicable targets in
order for Mr.&nbsp;Fishback to receive his target non-equity incentive plan award. If the Company&#146;s
operating performance exceeds 100% of the applicable targets, Mr.&nbsp;Fishback&#146;s non-equity incentive
plan award could equal up to 80% of his annual base compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mr.&nbsp;Comerford will be eligible to receive a target cash award in an amount equal to up to 30%
of his annual base compensation under the non-equity incentive plan for 2008. The determination as
to whether Mr.&nbsp;Comerford receives such cash award and the amount of such award actually paid to
him, if any, will be based on two factors, each of which is given equal weight and the satisfaction
of either of which could entitle Mr.&nbsp;Comerford to receive a cash award in an amount equal to up to
15% of his annual base compensation. The first factor is whether the Company meets its
predetermined targets for operating performance. The second factor is the Committee&#146;s subjective
evaluation of Mr.&nbsp;Comerford&#146;s performance. The Company&#146;s operating performance must exceed 90% of
the applicable targets in order for Mr.&nbsp;Comerford to receive his target non-equity incentive plan
award on account of the satisfaction of the first factor. If the Company&#146;s operating performance
exceeds 100% of the applicable targets, Mr.&nbsp;Comerford&#146;s non-equity incentive plan award could equal
up to 60% of his annual base compensation.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All other executive officers will be eligible to receive a target cash award in an amount
equal to up to 30% of their 2008 annual base compensation under the non-equity incentive plan for
2008. The determination as to whether those executive officers receive such cash award and the
amount of such award actually paid to an executive officer, if any, will be based on two factors,
each of which is given equal weight and the satisfaction of either of which could entitle the
executive officer to receive a cash award in an amount equal to up to 15% of his 2008 annual base
compensation. The first factor is whether the Company meets its predetermined targets for
operating performance. The second factor is the Committee&#146;s subjective evaluation of the executive
officer&#146;s performance. The Company&#146;s operating performance must exceed 90% of the applicable
targets in order for the executive officer to receive his target non-equity incentive plan award on
account of the satisfaction of the first factor. If the Company&#146;s operating performance exceeds
100% of the applicable targets, the non-equity incentive plan awards for all other executive
officers could equal up to 60% of their annual base compensation.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>C. Long-Term Incentive Plan</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Long-Term Incentive Plan of the Company consists of three components: (1)&nbsp;stock options,
(2)&nbsp;performance-vested restricted shares, and (3)&nbsp;time-vested restricted shares. For 2008,
however, the Board granted only stock options and time-vested restricted shares to its executive
officers, including the Named Executive Officers. Each of those components is addressed, in turn,
below.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>1.&nbsp;Stock Options</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board granted options to purchase shares of the Company&#146;s common stock under the Company&#146;s
Long-Term Incentive Plan to certain of its executive officers. The options have a seven-year term,
vest over a three-year period in equal installments and have an exercise price of $13.4338 per
share, which exercise price is the volume weighted average price determined as of December&nbsp;7, 2007
in accordance with the trading rules of Nasdaq. Mr.&nbsp;Kavazanjian received an option to purchase
22,500 shares, Mr.&nbsp;Schmitz and Mr.&nbsp;Fishback each received an option to purchase 12,000 shares, and
Mr.&nbsp;Comerford received an option to purchase 6,000 shares. All of these option grants are,
however, subject to approval by the Company&#146;s shareholders at the 2008 Annual Meeting of an
amendment to the Long-Term Incentive Plan to increase the number of shares available for grants
under that Plan.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>2.&nbsp;Time-Vested Restricted Shares</B>
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board granted time-vested restricted shares of the Company&#146;s common stock under the
Company&#146;s Long-Term Incentive Plan to certain of its executive officers. These shares vest over a
three-year period in equal installments, commencing on March&nbsp;1, 2009. Mr.&nbsp;Kavazanjian was granted
3,000 time-vested restricted shares, Mr.&nbsp;Schmitz and Mr.&nbsp;Fishback were each granted 1,800
time-vested restricted shares, and Mr.&nbsp;Comerford was granted 1,200 time-vested restricted shares.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>D. Stock Ownership Policy for Executive Officers</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Board previously adopted a stock ownership policy for the Company&#146;s executive officers,
including the Named Executive Officers. Pursuant to the policy, executive officers must own and
hold a certain minimum number of shares of the Company&#146;s common stock during a three-year period.
During the first such period (which includes 2008), Mr.&nbsp;Kavazanjian will be expected to own and
hold shares of the Company&#146;s common stock having an aggregate value equal to his annual base
compensation, Mr.&nbsp;Schmitz will be expected to own and hold shares having a value equal to one-half
of his annual base compensation, Mr.&nbsp;Fishback will be expected to own and hold shares having a
value equal to one-half of his annual base compensation, and Mr.&nbsp;Comerford will be expected to own
and hold shares having a value equal to one-third of his annual base compensation. All other
executive officers will be expected to own and hold shares having a value equal to one-third of
their annual base compensation.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At any time that an executive officer, including a Named Executive Officer, owns fewer shares
than the applicable target ownership amount, then until such time as he reaches the target
ownership amount, any time he exercises an option, he will be required to hold 50% of the net
shares received on exercise (net being determined by taking the maximum number of shares
exercised and subtracting (a)&nbsp;that number of shares sold in a broker-assisted cashless
exercise to fund the exercise price and (b)&nbsp;that number of shares sold to fund the tax payment, if
any, required). Otherwise, there are no adverse consequences to a named executive officer owning
fewer shares than the applicable target ownership amount.
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly
caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
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<TR>
    <TD valign="top" align="left">Date:  December 13, 2007        &nbsp;</TD>
    <TD colspan="3" align="left">ULTRALIFE BATTERIES, INC.<BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" style="border-bottom: 1px solid #000000" align="left">                                  /s/Robert W. Fishback
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Robert W. Fishback&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD colspan="3" align="left">Vice President of Finance and
Chief Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD colspan="5">&nbsp;</TD>
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