SEC Form 4 · accession 0000875657-15-000055
ULTRALIFE CORP · ULBI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael D Popielec
Officer — President and CEO · Director
Period of report
Oct 8, 2015
Accepted (ET)
Oct 9, 2015 · 3:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000875657
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock, $.10 par valueF1 | Oct 8, 2015 | M | 39,147 | $0.00 | A | 260,288 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units | $0.00 | Oct 8, 2015 | J | 60,000 | D | Oct 8, 2015 | Dec 30, 2020 | Common Stock $.10 par value | 60,000 | 0 | D |
Explanation of responses
- F1Represents the conversion of 60,000 restricted stock units previously awarded to Michael D. Popielec on June 4, 2013 upon the vesting of such restricted stock units on October 8, 2015. The Company retained 20,853 shares of common stock issuable to Mr. Popielec in satisfaction of his individual minimum statutory withholding obligation calculated at $5.8617 per share, the volume-weighted average price per share on the vesting date.