UTSTARCOM HOLDINGS CORP. — Director's Dealing 2004

Sep 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2004-09-22

Reporting Person: HORNER LARRY D /FA (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-22	Common Stock	P	6500	$14.06	Acquired	26500	Direct
2004-09-22	Common Stock	P	3500	$13.99	Acquired	30000	Direct
2004-09-23	Common Stock	P	1500	$14.78	Acquired	31500	Indirect
2004-09-23	Common Stock	P	275	$14.69	Acquired	31775	Indirect

Footnotes

F1: This amount represents the following shares indirectly and directly owned by the reporting person: (i) 30,000 shares directly owned; and (ii) 1,775 shares registered in the name his wife Donna Manning.