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UTSTARCOM HOLDINGS CORP. — Director's Dealing 2009
Sep 4, 2009
34885_dirs_2009-09-04_589acd8e-2399-4bb0-9eef-10a81ef944b8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2009-09-02
Reporting Person: LU HONG LIANG (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2009-09-02 | Common Stock | M | 88061 | — | Acquired | 3142893 | Direct |
| 2009-09-02 | Common Stock | M | 176121 | — | Acquired | 3319014 | Direct |
| 2009-09-02 | Common Stock | M | 25000 | — | Acquired | 3344014 | Direct |
| 2009-09-02 | Common Stock | M | 150000 | — | Acquired | 3494014 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2009-09-02 | Restricted Stock Units | $ | M | 88061 | Disposed | Common Stock (88061) | Direct | |
| 2009-09-02 | Restricted Stock Units | $ | M | 176121 | Disposed | Common Stock (176121) | Direct | |
| 2009-09-02 | Restricted Stock Units | $ | M | 25000 | Disposed | Common Stock (25000) | Direct | |
| 2009-09-02 | Restricted Stock Units | $ | M | 150000 | Disposed | Common Stock (150000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 229000 | Indirect |
| Common Stock | 80775 | Indirect |
| Common Stock | 49225 | Indirect |
| Common Stock | 5332 | Indirect |
| Common Stock | 5332 | Indirect |
Footnotes
F1: Each restricted stock unit represents a contingent right to receive one share of UTStarcom common stock.
F2: Vesting accelerated in full effective September 2, 2009 pursuant to the change of control/involuntary termination severance agreement between reporting person and the Company.
F3: Includes 2500 shares acquired on May 23, 2009 under the UTStarcom, Inc. employee stock purchase plan.
F4: Shares registered in the name of the Lu Family Limited Partnership of which the reporting person is a general partner.
F5: Shares registered in the name of the Lu Charitable Remainder Trust of which the reporting person is trustee.
F6: 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.