UTSTARCOM HOLDINGS CORP. — Director's Dealing 2010

Mar 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2010-02-26

Reporting Person: Patel Viraj J (Int CFO, VP, Controller & CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-26	Common Stock	M	15179	—	Acquired	33033	Direct
2010-02-26	Common Stock	M	30000	—	Acquired	63033	Direct
2010-02-26	Common Stock	M	7500	—	Acquired	70533	Direct
2010-02-26	Common Stock	M	4661	—	Acquired	75194	Direct
2010-02-26	Common Stock	M	18647	—	Acquired	93841	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-26	Restricted Stock Units	$	M	15179	Disposed		Common Stock (15179)	Direct
2010-02-26	Restricted Stock Units	$	M	30000	Disposed		Common Stock (30000)	Direct
2010-02-26	Restricted Stock Units	$	M	7500	Disposed		Common Stock (7500)	Direct
2010-02-26	Restricted Stock Units	$	M	4661	Disposed		Common Stock (4661)	Direct
2010-02-26	Restricted Stock Units	$	M	18647	Disposed		Common Stock (18647)	Direct

Footnotes

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

F2: The remaining restricted stock units vest in equal amounts on February 26, 2010 and February 28, 2011.

F3: The remaining restricted stock units vested on February 26, 2010.

F4: The remaining restricted stock units will vest in equal amounts on February 26, 2010, February 28, 2011 and February 29, 2012.

F5: The restricted stock units vest in installments beginning: 25% on February 26, 2010 and 25% annually thereafter, subject to Mr. Patel's continued service to the Company through each applicable vesting date.

F6: The restricted stock units vest as follows: 50% of the shares will vest on February 26, 2010 and February 28, 2011, subject to Mr. Patel's continued service to the Company through each applicable vesting date.