UTSTARCOM HOLDINGS CORP. - Director's Dealing 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2004-01-05

Reporting Person: SOLOWAY GERALD S (Sr. VP of Engineering)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-05	Common Stock	M	3333	$20.75	Acquired	3924	Direct
2004-01-05	Common Stock	M	36667	$20.25	Acquired	40591	Direct
2004-01-05	Common Stock	S	40000	$40.0946	Disposed	591	Direct
2004-01-06	Common Stock	M	10000	$20.75	Acquired	10591	Direct
2004-01-06	Common Stock	S	10000	$41	Disposed	591	Direct
2004-01-07	Common Stock	M	10000	$20.75	Acquired	10591	Direct
2004-01-07	Common Stock	S	10000	$41.5180	Disposed	591	Direct
2004-01-08	Common Stock	M	416	$9.38	Acquired	1007	Direct
2004-01-08	Common Stock	M	998	$13	Acquired	2005	Direct
2004-01-08	Common Stock	M	43	$13	Acquired	2048	Direct
2004-01-08	Common Stock	M	1145	$15	Acquired	3193	Direct
2004-01-08	Common Stock	M	937	$12.5	Acquired	4130	Direct
2004-01-08	Common Stock	M	833	$15.72	Acquired	4963	Direct
2004-01-08	Common Stock	M	10000	$20.75	Acquired	14963	Direct
2004-01-08	Common Stock	S	14372	$41.8366	Acquired	591	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-05	Employee Stock Option (rigt to buy)	$20.75	M	3333	Disposed	2011-08-02	Common Stock (3333)	Direct
2004-01-05	Employee Stock Option (rigt to buy)	$20.25	M	36667	Disposed	2012-02-28	Common Stock (36667)	Direct
2004-01-06	Employee Stock Option (rigt to buy)	$20.75	M	10000	Disposed	2011-08-02	Common Stock (10000)	Direct
2004-01-07	Employee Stock Option (rigt to buy)	$20.75	M	10000	Disposed	2011-08-02	Common Stock (10000)	Direct
2004-01-08	Employee Stock Option (rigt to buy)	$9.38	M	416	Disposed	2009-12-27	Common Stock (416)	Direct
2004-01-08	Employee Stock Option (rigt to buy)	$13	M	998	Disposed	2010-02-04	Common Stock (998)	Direct
2004-01-08	Employee Stock Option (rigt to buy)	$13	M	43	Disposed	2010-02-04	Common Stock (43)	Direct
2004-01-08	Employee Stock Option (rigt to buy)	$15	M	1145	Disposed	2010-10-18	Common Stock (1145)	Direct
2004-01-08	Employee Stock Option (rigt to buy)	$12.5	M	937	Disposed	2010-12-21	Common Stock (937)	Direct
2004-01-08	Employee Stock Option (rigt to buy)	$15.72	M	833	Disposed	2012-07-25	Common Stock (833)	Direct
2004-01-08	Employee Stock Option (rigt to buy)	$20.75	M	10000	Disposed	2011-08-02	Common Stock (10000)	Direct

F1: Vesting Schedule: 1/4 after one year from February 28, 2002, 1/36 per month thereafter for the remaining shares.

F2: This trade was executed pursuant to Rule 10b5-1 trading plans that were adopted on November 29, 2002 and July 26, 2003.

F3: Vesting Schedule: 100% vested on August 3, 2001.

F4: Vesting Schedule: 1/4 after one year, 1/36 per month thereafter for the remaining shares.