UTSTARCOM HOLDINGS CORP. — Director's Dealing 2005

Jan 25, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2005-01-17

Reporting Person: CLARKE JEFF (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (right to buy)	$16.96	2015-01-17	Common Stock (80000)		Direct

Footnotes

F1: 1/4 per year from January 17, 2005 (anniversary date).