UTSTARCOM HOLDINGS CORP. — Director's Dealing 2003

Oct 30, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2003-08-01

Reporting Person: WU YING (Director, Executive VP & Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-01	Common Stock	M	85000	$0.8538	Acquired	1458087	Direct
2003-08-01	Common Stock	S	85000	$42.0644	Disposed	1373087	Direct
2003-10-28	Common Stock	M	85000	$.85380	Acquired	1458087	Direct
2003-10-28	Common Stock	S	85000	$32.6244	Disposed	1373087	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-01	Stock Option (right to buy)	$0.8538	M	85000	Disposed	2005-10-09	Common Stock (85000)	Direct
2003-10-28	Stock Option (right to buy)	$0.8538	M	85000	Disposed	2005-10-09	Common Stock (85000)	Direct

Footnotes

F1: This trade was executed pursuant to a Rule 10b5-1 trading plan that was adopted on May 31, 2003.