UTSTARCOM HOLDINGS CORP. — Director's Dealing 2008

May 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2008-04-30

Reporting Person: RYAN BRUCE J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-30	Stock option (right to buy)	$3.25	A	80000	Acquired	2015-04-30	Common stock (80000)	Direct

Footnotes

F1: Options to purchase shares of common stock of the Company vest as follows: 25% per year on each of April 30, 2009, 2010, 2011 and 2012, subject to Mr. Ryan remaining a service provider to the Company on each such date.