UTSTARCOM HOLDINGS CORP. — Director's Dealing 2003

Sep 4, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2003-09-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-02	Common Stock	S	50000	$43.184	Disposed	1373087	Direct
2003-09-02	Common Stock	S	35000	$43.184	Disposed	1373087	Indirect

Footnotes

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

F2: The reporting person also claims indirectly the following securities: i) 1,165,000 shares registered in the name of Stonybrook Investors L.P.; ii) 4,868 shares registered in the name of Wu Living Trust; iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; iv) 4,873 shares registered in the name of Richard Wu Trust-1998; and v) 1,505,500 shares registered in the name of Wu Partners.

F3: The reporting person disclaims beneficial ownership of the issuer's common stock held by Stonybrook except to the extent of his pecuniary interest therein.