POPIELEC MICHAEL D 4
4 · ULTRALIFE CORP · Filed Nov 24, 2020
Insider Transaction Report
Form 4
ULTRALIFE CORPULBI
POPIELEC MICHAEL D
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock; $.10 par value
2020-11-23$6.42/sh+26,929$172,933→ 297,217 total - Exercise/Conversion
Stock Options
2020-11-23−300,000Exercise: $6.42From: 2020-11-23Exp: 2020-12-30→ Common Stock (300,000 underlying)
Footnotes (2)
- [F1](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.
- [F2](2) Represents exercise of options for 300,000 shares of common stock of the Company otherwise expiring on 12/30/2020.