UTSTARCOM HOLDINGS CORP. — Director's Dealing 2005

Dec 29, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2005-09-23

Reporting Person: WU YING (Director, Executive VP & Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-23	Common Stock	G	2400	—	Disposed	4107201	Direct
2005-09-23	Common Stock	G	2400	—	Disposed	4104801	Direct
2005-09-23	Common Stock	G	2400	—	Disposed	4102401	Direct
2005-09-23	Common Stock	G	2400	—	Disposed	4100001	Direct
2005-09-23	Common Stock	G	2400	—	Disposed	4097601	Direct
2005-09-23	Common Stock	G	2400	—	Disposed	4095201	Direct
2005-09-23	Common Stock	G	2400	—	Disposed	4092801	Direct
2005-09-23	Common Stock	G	2400	—	Disposed	4090401	Direct
2005-12-27	Common Stock	G	100000	—	Disposed	3990401	Direct

Footnotes

F1: Transfer of shares to May Wang Chen. The reporting person disclaims beneficial ownership of the issuer's common stock held by May Wang Chen.

F2: This amount represents the following shares directly and indirectly owned by the reporting person: (i) 1,507,087 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.

F3: Transfer of shares to Michael Chen. The reporting person disclaims beneficial ownership of the issuer's common stock held by Michael Chen.

F4: This amount represents the following shares directly and indirectly owned by the reporting person: (i) 1,504,687 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.

F5: Transfer of shares to Doris Zhang. The reporting person disclaims beneficial ownership of the issuer's common stock held by Doris Zhang.

F6: This amount represents the following shares directly and indirectly owned by the reporting person: (i) 1,502,287 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.

F7: Transfer of shares to Melody Zhang. The reporting person disclaims beneficial ownership of the issuer's common stock held by Melody Zhang.

F8: This amount represents the following shares directly and indirectly owned by the reporting person: (i) 1,499,887 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.

F9: Transfer of shares to Yadan Wang Chen. The reporting person disclaims beneficial ownership of the issuer's common stock held by Yadan Wang Chen.

F10: This amount represents the following shares directly and indirectly owned by the reporting person: (i) 1,497,487 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.

F11: Transfer of shares to Weidong Wang. The reporting person disclaims beneficial ownership of the issuer's common stock held by Weidong Wang.

F12: This amount represents the following shares directly and indirectly owned by the reporting person: (i) 1,495,087 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.

F13: Transfer of shares to Jessica Chen. The reporting person disclaims beneficial ownership of the issuer's common stock held by Jessica Chen.

F14: This amount represents the following shares directly and indirectly owned by the reporting person: (i) 1,492,687 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.

F15: Transfer of shares to Joanna Chen. The reporting person disclaims beneficial ownership of the issuer's common stock held by Joanna Chen.

F16: This amount represents the following shares indirectly owned by the reporting person: (i) 1,490,287 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.

F17: Transfer of shares to The Rainbow Private Foundation Inc. ("Rainbow") a newly formed private charitable foundation of which the reporting person and his spouse are the sole officers. The foundation has no shareholders. The reporting person disclaims beneficial ownership of the issuer's common stock held by Rainbow.

F18: This amount represents the following shares indirectly owned by the reporting person: (i) 1,390,287 shares held directly; (ii) 4,868 shares registered in the name of Wu Living Trust; (iii) 4,873 shares registered in the name of Ashley Wu Trust-1998; (iv) 4,873 shares registered in the name of Richard Wu Trust-1998; (v) 1,505,500 shares registered in the name of Wu Partners; and (vi) 1,080,000 shares registered in the name of Stonybrook Investors L.P.