UTSTARCOM HOLDINGS CORP. — Director's Dealing 2008

Dec 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2008-12-02

Reporting Person: LU HONG LIANG (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-02	Common stock	S	23847	$1.522	Disposed	2926033	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	229000	Indirect
Common Stock	91275	Indirect
Common Stock	38725	Indirect
Common Stock	5332	Indirect
Common Stock	5332	Indirect

Footnotes

F1: Shares sold to cover tax withholding obligation upon vesting of restricted stock and funds remitted to the Company with respect thereto.

F2: Shares registered in the name of the Lu Family Limited Partnership of which the reporting person is a general partner.

F3: Shares registered in the name of the Lu Charitable Remainder Trust of which the reporting person is trustee.

F4: Shares registered in the name of The Lu Family Trust of which the reporting person is trustee and of which the reporting person and his spouse are beneficiaries. The reporting person disclaims beneficial ownership except to the extent of his and his spouse's pecuniary interest therein.