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: 2004-01-02

Reporting Person: SOPHIE MICHAEL J (Sr. VP of Finance & CFO)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-02	Common Stock	M	67	$9.38	Acquired	4069	Direct
2004-01-02	Common Stock	M	1667	$15.00	Acquired	5736	Direct
2004-01-02	Common Stock	M	1597	$12.50	Acquired	7333	Direct
2004-01-02	Common Stock	M	4587	$20.25	Acquired	11920	Direct
2004-01-02	Common Stock	M	1921	$15.72	Acquired	13841	Direct
2004-01-02	Common Stock	S	9839	$38.7474	Disposed	4002	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-02	Employee Stock Option (right to buy)	$9.38	M	67	Disposed	2009-12-27	Common Stock (67)	Direct
2004-01-02	Employee Stock Option (right to buy)	$15.00	M	1667	Disposed	2010-10-18	Common Stock (1667)	Direct
2004-01-02	Employee Stock Option (right to buy)	$12.50	M	1597	Disposed	2010-12-21	Common Stock (1597)	Direct
2004-01-02	Employee Stock Option (right to buy)	$20.25	M	4587	Disposed	2012-02-28	Common Stock (4587)	Direct
2004-01-02	Employee Stock Option (right to buy)	$15.72	M	1921	Disposed	2012-07-25	Common Stock (1921)	Direct

F1: This trade was executed pursuant to Rule 10b5-1 trading plans that were adopted on November 18, 2002 and July 31, 2003.

F2: Vesting Schedule: 1/4 after one year; 1/36 per month thereafter for the remaining shares.

F3: Vesting Schedule: 1/4 after one year from 10/18/00, 1/36 per month thereafter for the remaining shares.

F4: Vesting Schedule: 1/4 after one year from 12/21/00, 1/36 per month thereafter for the remaining shares.

F5: Vesting Schedule: 1/4 after one year from 2/28/02, 1/36 per month thereafter for the remaining shares.

F6: Vesting Schedule: 1/4 after one year from 7/25/02, 1/36 per month thereafter for the remaining shares.