POPIELEC MICHAEL D 4/A
4/A · ULTRALIFE CORP · Filed Jul 27, 2018
Insider Transaction Report
Form 4/AAmended
ULTRALIFE CORPULBI
POPIELEC MICHAEL D
DirectorPresident and CEO
Transactions
- Award
Employee Stock Option (right to buy)
2011-06-07+200,000→ 200,000 totalExercise: $10.00Exp: 2020-12-30→ Common Stock; $.10 par value (200,000 underlying)
Footnotes (1)
- [F1]Per Form 4 filed on June 7, 2011 and as amended on August 29, 2011, vesting for this option was to begin on the date the Company's Common Stock first reaches a closing price of $10.00 for 15 trading days in a 30 trading-day period, with such vesting in equal amounts of 50,000 shares over the four anniversary dates of such date. On July 25, 2018 our Board of Directors, on recommendation of the Compensation and Management Committee and pursuant to the Company's Amended and Restated 2004 Long-Term Incentive Plan, modified this option such that it will fully vest immediately upon the Company's Common Stock first reaching a closing price of $10.00 for 15 trading days in a 30 trading-day period.