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: Wong William Shiu Kau (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-06-24	Stock Option (right to buy)	$2.17	J	80000	Disposed	2020-09-30	Common Stock (80000)	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, all outstanding equity awards of UTStarcom, Inc. were assumed by UTStarcom Holdings Corp., a Cayman Islands company, 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: 1/4th yearly with the first vesting date occurring on September 30, 2011.