UTSTARCOM HOLDINGS CORP. — Director's Dealing 2008

Mar 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2008-02-29

Reporting Person: BLACKMORE PETER (President & COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-29	Restricted Stock Units	$	A	170000	Acquired		Common Stock (170000)	Direct
2008-02-29	Restricted Stock Units	$	A	85000	Acquired		Common Stock (85000)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of UTStarcom common stock.

F2: The restricted stock units vest in two equal annual installments beginning: 50% on February 27, 2009; and 50% on February 26, 2010.

F3: The restricted stock units will vest in installments beginning: 25% on February 27, 2009; and 25% annually thereafter.