UTSTARCOM HOLDINGS CORP. — Director's Dealing 2006

May 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2006-04-27

Reporting Person: HORNER LARRY D /FA (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-04-27	Stock Option (right to buy)	$7.67	A	20675	Acquired	2016-04-27	Common Stock (20675)	Direct

Footnotes

F1: Vesting Schedule: 1/12 per month each month after April 27, 2006.