UTSTARCOM HOLDINGS CORP. — Director's Dealing 2008

Oct 2, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2008-09-30

Reporting Person: LENZMEIER ALLEN U (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-30	Common Stock	A	24481	—	Acquired	106374	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-30	Stock Option (right to buy)	$3.37	A	48961	Acquired	2015-09-30	Common Stock (48961)	Direct

Footnotes

F1: 1/12th monthly, beginning October 30, 2008.