UTSTARCOM HOLDINGS CORP. — Director's Dealing 2003

Nov 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2003-11-07

Reporting Person: SOLOWAY GERALD S (Sr. VP of Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-07	Common Stock	M	999	$13.00	Acquired	11220	Direct
2003-11-07	Common Stock	M	1250	$9.38	Acquired	12470	Direct
2003-11-07	Common Stock	M	130	$13	Acquired	12600	Direct
2003-11-07	Common Stock	M	3437	$15	Acquired	16037	Direct
2003-11-07	Common Stock	M	2501	$15.72	Acquired	18538	Direct
2003-11-07	Common Stock	S	8947	$34.3245	Disposed	9591	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-07	Employee Stock Option (rigt to buy)	$13.00	M	999	Disposed	2010-02-04	Common Stock (999)	Direct
2003-11-07	Employee Stock Option (rigt to buy)	$9.38	M	1250	Disposed	2009-12-27	Common Stock (1250)	Direct
2003-11-07	Employee Stock Option (rigt to buy)	$13	M	130	Disposed	2010-02-04	Common Stock (130)	Direct
2003-11-07	Employee Stock Option (rigt to buy)	$15	M	3437	Disposed	2010-10-18	Common Stock (3437)	Direct
2003-11-07	Employee Stock Option (rigt to buy)	$15.72	M	2501	Disposed	2012-07-25	Common Stock (2501)	Direct

Footnotes

F1: Vesting Schedule: 1/4 after one year, 1/36 per month thereafter for the remaining shares.

F2: This trade was executed pursuant to a Rule 10b5-1 trading plans that were adopted on November 29, 2002 and July 26, 2003.