UTSTARCOM HOLDINGS CORP. — Director's Dealing 2008

Jan 15, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2008-01-11

Reporting Person: LU HONG LIANG (Director, CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-01-11	Employee Stock Option (right to buy)	$15.00	D	645	Disposed	2010-10-17	Common Stock (645)	Direct
2008-01-11	Employee Stock Option (right to buy)	$15.00	D	9356	Disposed	2010-10-17	Common Stock (9356)	Direct
2008-01-11	Employee Stock Option (right to buy)	$12.50	D	10000	Disposed	2010-12-20	Common Stock (10000)	Direct
2008-01-11	Employee Stock Option (right to buy)	$15.72	D	7500	Disposed	2012-07-24	Common Stock (7500)	Direct
2008-01-11	Employee Stock Option (right to buy)	$20.25	D	988	Disposed	2012-02-27	Common Stock (988)	Direct
2008-01-11	Employee Stock Option (right to buy)	$20.25	D	14013	Disposed	2012-02-27	Common Stock (14013)	Direct
2008-01-11	Employee Stock Option (right to buy)	$19.04	D	500	Disposed	2013-02-02	Common Stock (500)	Direct
2008-01-11	Employee Stock Option (right to buy)	$19.04	D	11500	Disposed	2013-02-02	Common Stock (11500)	Direct
2008-01-11	Employee Stock Option (right to buy)	$37.46	D	280	Disposed	2014-01-20	Common Stock (280)	Direct
2008-01-11	Employee Stock Option (right to buy)	$37.46	D	24721	Disposed	2014-01-20	Common Stock (24721)	Direct
2008-01-11	Employee Stock Option (right to buy)	$6.25	D	77	Disposed	2016-02-27	Common Stock (77)	Direct
2008-01-11	Employee Stock Option (right to buy)	$6.25	D	23324	Disposed	2016-02-27	Common Stock (23324)	Direct

Footnotes

F1: A portion of the option was cancelled by mutual agreement of the reporting person and UTStarcom, Inc. The reporting person received no cash as consideration for the cancellation.