Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
- Peter Lynch
What is insider trading>>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G/A
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 4)
Ultralife Batteries, Inc. (ULBI)
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $0.10 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
903899102
- --------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2003
- --------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[X] Rule 13d-1(b)
[X] Rule 13d-1(c)
[_] Rule 13d-1(d)
- ----------
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
CUSIP No. 903899102
----------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Kimelman & Baird, LLC
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
0
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
288,838
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
288,838
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
2.13%
12. TYPE OF REPORTING PERSON
BD
CUSIP No. 903899102
---------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Daeg Capital Management, LLC
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
175,200
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
175,200
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,200
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.29%
12. TYPE OF REPORTING PERSON
IA
CUSIP No. 903899102
---------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Daeg Partners, L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
175,200
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
175,200
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,200
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.29%
12. TYPE OF REPORTING PERSON
PN
CUSIP No. 903899102
---------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Sheila Baird
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
175,200
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
464,038
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
464,038
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.42%
12. TYPE OF REPORTING PERSON
IN
CUSIP No. 903899102
---------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Michael Kimelman
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
175,200
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
464,038
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
464,038
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.42%
12. TYPE OF REPORTING PERSON
IN
CUSIP No. 903899102
---------
1. NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
Scott Kimelman
2. HECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [_]
(b) [X]
3. SEC USE ONLY
4. CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
5. SOLE VOTING POWER
0
6. SHARED VOTING POWER
175,200
7. SOLE DISPOSITIVE POWER
0
8. SHARED DISPOSITIVE POWER
175,200
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
175,200
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[_]
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
1.29%
12. TYPE OF REPORTING PERSON
IN
CUSIP No. 903899102
---------
Item 1(a). Name of Issuer:
Ultralife Batteries, Inc. (ULBI)
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Item 1(b). Address of Issuer's Principal Executive Offices:
2000 Technology Parkway
Newark, NY 14513 USA
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Item 2(a)-(c). Name, Principal Business Address and Citizenship of Persons
Filing:
Kimelman & Baird, LLC
100 Park Avenue
New York, NY 10017
Delaware Limited Liability Company
Daeg Capital Management, LLC
100 Park Avenue
New York, NY 10017
Delaware Limited Liability Company
Daeg Partners, L.P.
100 Park Avenue
New York, NY 10017
Delaware Limited Partnership
Sheila Baird
100 Park Avenue
New York, NY 10017
U.S.A.
Michael Kimelman
100 Park Avenue
New York, NY 10017
U.S.A.
Scott Kimelman
100 Park Avenue
New York, NY 10017
U.S.A.
--------------------------------------------------------------------
Item 2(d). Title of Class of Securities:
Common Stock, $0.10 par value
--------------------------------------------------------------------
Item 2(e). CUSIP Number:
903899102
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Item 3. If This statement is filed pursuant to Rule 13d-1(b), or 13d-2(b)
or (c), check whether certain of the persons filing are a:
(a) [X] Broker or dealer registered under Section 15 of the Exchange Act.
(b) [_] Bank as defined in Section 3(a)(6) of the Exchange Act.
(c) [_] Insurance company as defined in Section 3(a)(19) of the Exchange
Act.
(d) [_] Investment company registered under Section 8 of the Investment
Company Act.
(e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
(f) [_] An employee benefit plan or endowment fund in accordance with Rule
13d-1(b)(1)(ii)(F);
(g) [_] A parent holding company or control person in accordance with Rule
13d-1(b)(1)(ii)(G);
(h) [_] A savings association as defined in Section 3(b) of the Federal
Deposit Insurance Act;
(i) [_] A church plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act;
(j) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
Item 4. Ownership.
(a) Amount Beneficially Owned: 288,838 shares owned by Kimelman & Baird,
LLC; 175,200 shares owned by Daeg Capital Management, LLC; 175,200
shares owned by Daeg Partners, L.P.; 464,038 shares owned by Sheila
Baird; 464,038 shares owned by Michael Kimelman; 175,200 shares owned
by Scott Kimelman
(b) Percent of Class: 2.13% by Kimelman & Baird, LLC; 1.29% by Daeg
Capital Management, LLC; 8.24% by Daeg Partners, L.P.; 3.42% by Sheila
Baird; 3.42% by Michael Kimelman; 1.29% by Scott Kimelman
(c) Kimelman & Baird, LLC - 0 shares with shared power to vote or to
direct the vote; 0 shares with sole power to vote or to direct the
vote; 288,838 shares with shared power to dispose or to direct the
disposition of; 0 shares with the sole power to dispose or to direct
the disposition of
Daeg Capital Management, LLC - 175,200 shares with shared power to vote or
to direct the vote; 0 shares with sole power to vote or to direct the vote;
175,200 shares with shared power to dispose or to direct the disposition
of; 0 shares with the sole power to dispose or to direct the disposition of
Daeg Partners, L.P. - 175,200 shares with shared power to vote or to direct
the vote; 0 shares with sole power to vote or to direct the vote; 175,200
shares with shared power to dispose or to direct the disposition of; 0
shares with the sole power to dispose or to direct the disposition of
Sheila Baird - 175,200 shares with shared power to vote or to direct the
vote; 0 shares with sole power to vote or to direct the vote; 464,038
shares with shared power to dispose or to direct the disposition of; 0
shares with the sole power to dispose or to direct the disposition of
Michael Kimelman- 175,200 shares with shared power to vote or to direct the
vote; 0 shares with sole power to vote or to direct the vote; 464,038
shares with shared power to dispose or to direct the disposition of; 0
shares with the sole power to dispose or to direct the disposition of
Scott Kimelman - 175,200 shares with shared power to vote or to direct the
vote; 0 shares with sole power to vote or to direct the vote; 175,200
shares with shared power to dispose or to direct the disposition of; 0
shares with the sole power to dispose or to direct the disposition of
Item 5. Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date
hereof certain the reporting persons have ceased to be the beneficial owner of
more than five percent of the class of securities check the following [X].
Kimelman & Baird, LLC
Daeg Capital Management, LLC
Daeg Partners, L.P.
Sheila Baird
Michael Kimelman
Scott Kimelman
---------------------------------------------------------------------------
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified. A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employee benefit plan, pension fund or endowment fund is not required.
---------------------------------------------------------------------------
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company or
Control Person.
If a parent holding company or Control person has filed this schedule,
pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an
exhibit stating the identity and the Item 3 classification of the relevant
subsidiary. If a parent holding company or control person has filed this
schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating
the identification of the relevant subsidiary.
----------------------------------------------------------------------
Item 8. Identification and Classification of Members of the Group.
If a group has filed this schedule pursuant to ss.240.13d-1(b)(1)(ii)(J),
so indicate under Item 3(j) and attach an exhibit stating the identity and Item
3 classification of each member of the group. If a group has filed this schedule
pursuant to ss.240.13d-1(c) or ss.240.13d-1(d), attach an exhibit stating the
identity of each member of the group.
----------------------------------------------------------------------
Item 9. Notice of Dissolution of Group.
Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to
transactions in the security reported on will be filed, if required, by members
of the group, in their individual capacity. See Item 5.
----------------------------------------------------------------------
Item 10. Certifications.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and not held for
the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having such purpose or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 13, 2004
- ------------------------
KIMELMAN & BAIRD, LLC
By: /s/ Sheila Baird
----------------------------
Name: Sheila Baird
Title: Member
DAEG CAPITAL MANAGEMENT, LLC
By: /s/ Sheila Baird
------------------------
Name: Sheila Baird
Title: Member
By signing below I certify that, to the best of my knowledge and belief,
the securities referred to above were not acquired and are not held for the
purpose of or with the effect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in
connection with or as a participant in any transaction having such purpose
or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
February 13, 2004
- ------------------------
DAEG PARTNERS, L.P.
By: Daeg Capital Management, LLC
By: /s/ Sheila Baird
--------------------------------
Name: Sheila Baird
Title: Member
/s/ Sheila Baird
--------------------------------
Sheila Baird
/s/ Michael Kimelman
--------------------------------
Michael Kimelman
/s/ Scott Kimelman
--------------------------------
Scott Kimelman
Note. Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
for whom copies are to be sent.
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).
Exhibit A
AGREEMENT
The undersigned agree that this Schedule 13G, Amendment No. 4 dated
February 13, 2004 relating to the Common Stock, $0.10 par value of Ultralife
Batteries, Inc. shall be filed on behalf of the undersigned.
Kimelman & Baird, LLC
By: /s/ Sheila Baird
--------------------------
Name: Sheila Baird
Title: Member
Daeg Capital Management, LLC
By: /s/ Sheila Baird
------------------------
Name: Sheila Baird
Title: Member
Daeg Partners, L.P.
By: Daeg Capital Management, LLC
By: /s/ Sheila Baird
-------------------------
Name: Sheila Baird
Title: Member
/s/ Sheila Baird
--------------------------
Sheila Baird
/s/ Michael Kimelman
--------------------------
Michael Kimelman
/s/ Scott Kimelman
--------------------------
Scott Kimelman
02962.0001 #463537