UTSTARCOM HOLDINGS CORP. — Director's Dealing 2004

Feb 10, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2004-02-09

Reporting Person: ATKINS BETSY S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-09	Common Stock	M	4000	$23.02	Acquired	4000	Direct
2004-02-09	Common Stock	S	4000	$35.50	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-09	Stock Option (right to buy)	$23.02	M	4000	Disposed	2012-03-20	Common Stock (4000)	Direct

Footnotes

F1: Vesting Schedule: 1/4 per year from 3/20/02.

F2: This trade was executed pursuant to Rule 10b5-1 trading plan adopted on November 26, 2003.