UTSTARCOM HOLDINGS CORP. — Director's Dealing 2004

Sep 24, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2004-09-24

Reporting Person: LU HONG LIANG (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-24	Common Stock	P	3000	$15.51	Acquired	2758089	Direct
2004-09-24	Common Stock	P	3000	$15.85	Acquired	2761089	Direct
2004-09-24	Common Stock	P	2000	$16.07	Acquired	2763089	Direct
2004-09-24	Common Stock	P	3000	$16.04	Acquired	2766089	Direct
2004-09-24	Common Stock	P	3300	$15.73	Acquired	2769389	Direct
2004-09-24	Common Stock	P	1700	$15.7	Acquired	2771089	Direct

Footnotes

F1: This amount represents the following shares indirectly and directly owned by the reporting person: (i) 2,401,425 shares directly owned; (ii) 5,332 shares registered in the name of Benjamin Lu; (iii) 5,332 shares registered in the name of Melissa Lu; (iv) 229,000 shares registered in the name of The Lu Family Limited Partnership; and (v) 130,000 shares registered in the name of Lu Charitable Remainder Trust dated December 15, 2003.