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UTSTARCOM HOLDINGS CORP. Director's Dealing 2011

Jul 8, 2011

34885_dirs_2011-07-08_11b62024-e9d8-4f3d-92df-af024a1c7dcb.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: 2011-06-24

Reporting Person: TOY THOMAS J (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-06-24 Common Stock J 310145 Disposed 0 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-06-24 Stock Option (right to buy) $2.17 J 288479 Disposed 2020-09-30 Common Stock (288479) Direct
2011-06-24 Stock Option (right to buy) $2.09 J 158373 Disposed 2016-09-30 Common Stock (158373) Direct
2011-06-24 Stock Option (right to buy) $3.37 J 146884 Disposed 2015-09-30 Common Stock (146884) Direct
2011-06-24 Stock Option (right to buy) $2.90 J 45517 Disposed 2014-11-30 Common Stock (45517) Direct
2011-06-24 Stock Option (right to buy) $7.67 J 19905 Disposed 2016-04-27 Common Stock (19905) Direct
2011-06-24 Stock Option (right to buy) $7.98 J 25000 Disposed 2015-10-28 Common Stock (25000) Direct
2011-06-24 Stock Option (right to buy) $6.84 J 20000 Disposed 2015-05-11 Common Stock (20000) Direct
2011-06-24 Stock Option (right to buy) $16.34 J 25000 Disposed 2014-08-27 Common Stock (25000) Direct
2011-06-24 Stock Option (right to buy) $45.21 J 12500 Disposed 2013-08-22 Common Stock (12500) Direct
2011-06-24 Stock Option (right to buy) $14.31 J 13035 Disposed 2012-08-23 Common Stock (13035) 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: 1/12th monthly with the first vesting date occurring on October 31, 2010.

F3: 1/12th monthly with the first vesting date occurring on October 31, 2009. Fully vested.

F4: 1/12th monthly with the first vesting date occurring on October 30, 2008. Fully vested.

F5: 1/12th monthly with the first vesting date occuring on December 30, 2007. Fully vested.

F6: 1/12 per month each month after April 27, 2006. Fully vested.

F7: 1/6 exercisable on October 28, 2005, additional 1/12 on the 23rd day of each month thereafter. Fully vested.

F8: 100% of the option shall be exercisable on May 11, 2006.

F9: 1/12 per month each month after August 27, 2004. Fully vested.

F10: 1/12 per month each month after August 22, 2003. Fully vested.

F11: 1/12 per month each month after August 23, 2002. Fully vested.