UTSTARCOM HOLDINGS CORP. — Director's Dealing 2003

Aug 5, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: KWOCK HOWARD (VP of R&D in charge of WACOS)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-08-01	Common Stock	M	2000	$13.61	Acquired	2000	Direct
2003-08-01	Common Stock	S	2000	$42.36	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-08-01	Employee Stock Option (right to buy)	$13.61	M	2000	Disposed	2011-09-21	Common Stock (2000)	Direct

Footnotes

F1: This trade was executed pursuant to a Rule 10b5-1 trading plan that was adopted on November 15, 2002.

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