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UTSTARCOM HOLDINGS CORP. Director's Dealing 2003

Oct 31, 2003

34885_dirs_2003-10-31_ab9f00fe-7b33-46f9-91d6-16873e6cce9c.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2003-10-29

Reporting Person: SOPHIE MICHAEL J (Sr. VP of Finance & CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-10-29 Common Stock M 7770 $4.50 Acquired 11772 Direct
2003-10-29 Common Stock M 2647 $4.50 Acquired 14419 Direct
2003-10-29 Common Stock M 1650 $9.38 Acquired 16069 Direct
2003-10-29 Common Stock M 1667 $15.00 Acquired 17736 Direct
2003-10-29 Common Stock M 1597 $12.50 Acquired 19333 Direct
2003-10-29 Common Stock M 4587 $20.25 Acquired 23920 Direct
2003-10-29 Common Stock M 1921 $15.72 Acquired 25841 Direct
2003-10-29 Common Stock S 21839 $32.25 Disposed 4002 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2003-10-29 Employee Stock Option (right to buy) $4.50 M 7770 Disposed 2009-09-01 Common Stock (7770) Direct
2003-10-29 Employee Stock Option (right to buy) $4.50 M 2647 Disposed 2009-09-01 Common Stock (2647) Direct
2003-10-29 Employee Stock Option (right to buy) $9.38 M 1650 Disposed 2009-12-27 Common Stock (1650) Direct
2003-10-29 Employee Stock Option (right to buy) $15.00 M 1667 Disposed 2010-10-18 Common Stock (1667) Direct
2003-10-29 Employee Stock Option (right to buy) $12.50 M 1597 Disposed 2010-12-21 Common Stock (1597) Direct
2003-10-29 Employee Stock Option (right to buy) $20.25 M 4587 Disposed 2012-02-28 Common Stock (4587) Direct
2003-10-29 Employee Stock Option (right to buy) $15.72 M 1921 Disposed 2012-07-25 Common Stock (1921) Direct

Footnotes

F1: This trade was executed pursuant to a Rule 10b5-1 trading plan that was adopted on November 18, 2002.

F2: Vesting Schedule: 1/4 after one year; 1/36 per month thereafter for the remaining shares.

F3: Vesting Schedule: 1/4 after one year from 10/18/00, 1/36 per month thereafter for the remaining shares.

F4: Vesting Schedule: 1/4 after one year from 12/21/00, 1/36 per month thereafter for the remaining shares.

F5: Vesting Schedule: 1/4 after one year from 2/28/02, 1/36 per month thereafter for the remaining shares.

F6: Vesting Schedule: 1/4 after one year from 7/25/02, 1/36 per month thereafter for the remaining shares.