UTSTARCOM HOLDINGS CORP. — Director's Dealing 2003

Aug 21, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2003-08-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-19	Common Stock	M	416	$9.38	Acquired	10379	Direct
2003-08-19	Common Stock	M	348	$13.00	Acquired	10727	Direct
2003-08-19	Common Stock	M	1476	$13.00	Acquired	12203	Direct
2003-08-19	Common Stock	M	351	$15.00	Acquired	12554	Direct
2003-08-19	Common Stock	M	17463	$15.00	Acquired	30017	Direct
2003-08-19	Common Stock	M	10000	$15.72	Acquired	40017	Direct
2003-08-19	Common Stock	S	30054	$43.8246	Disposed	9963	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-19	Employee Stock Option (rigt to buy)	$9.38	M	416	Disposed	2009-12-27	Common Stock (416)	Direct
2003-08-19	Employee Stock Option (rigt to buy)	$13.00	M	348	Disposed	2010-02-04	Common Stock (348)	Direct
2003-08-19	Employee Stock Option (rigt to buy)	$13.00	M	1476	Disposed	2010-02-04	Common Stock (1476)	Direct
2003-08-19	Employee Stock Option (rigt to buy)	$15.00	M	351	Disposed	2010-10-18	Common Stock (351)	Direct
2003-08-19	Employee Stock Option (rigt to buy)	$15.00	M	17463	Disposed	2010-10-18	Common Stock (17463)	Direct
2003-08-19	Employee Stock Option (rigt to buy)	$15.72	M	10000	Disposed	2012-07-25	Common Stock (10000)	Direct

Footnotes

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