UTSTARCOM HOLDINGS CORP. — Director's Dealing 2011

Jul 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UTSTARCOM INC (UTSI)
CIK: 0001030471
Period of Report: 2011-06-24

Reporting Person: LU HONG LIANG (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-06-24	Common Stock	J	2770342	—	Disposed	0	Direct
2011-06-24	Common Stock	J	229000	—	Disposed	0	Indirect
2011-06-24	Common Stock	J	80775	—	Disposed	0	Indirect
2011-06-24	Common Stock	J	49225	—	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-24	Stock Option (right to buy)	$2.17	J	46083	Disposed	2020-09-30	Common Stock (46082)	Direct

Footnotes

F1: In connection with the reorganization of the corporate structure of the group of companies controlled by UTStarcom, Inc. to change its place of incorporation from Delaware to the Cayman Islands, each outstanding share of UTStarcom, Inc. common stock was converted into the right to receive the same number of ordinary shares in the capital of UTStarcom Holdings Corp., a Cayman Islands company. In addition, all outstanding equity awards of UTStarcom, Inc. were assumed by UTStarcom Holdings Corp. to provide for the issuance of UTStarcom Holdings Corp. ordinary shares rather than UTStarcom, Inc. common stock upon the exercise or conversion of such awards.

F2: Shares registered in the name of the Lu Family Limited Partnership of which the reporting person is a general partner.

F3: Shares registered in the name of the Lu Charitable Remainder Trust of which the reporting person is trustee.

F4: 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.

F5: 1/12th monthly with the first vesting date occurring on October 31, 2010.