UTSTARCOM HOLDINGS CORP. — Director's Dealing 2004

Sep 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-22	Common Stock	P	3500	$14.14	Acquired	2724589	Direct
2004-09-22	Common Stock	P	600	$14.15	Acquired	2725189	Direct
2004-09-22	Common Stock	P	900	$14.1497	Acquired	2726089	Direct
2004-09-22	Common Stock	P	700	$14.0697	Acquired	2726789	Direct
2004-09-22	Common Stock	P	4300	$14.07	Acquired	2731089	Direct
2004-09-22	Common Stock	P	5000	$14.20	Acquired	2736089	Direct

Footnotes

F1: This amount represents the following shares indirectly and directly owned by the reporting person: (i) 2,366,425 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.