SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
SOPHIE MICHAEL J

(Last) (First) (Middle)
UTSTARCOM, INC.
1275 HARBOR BAY PARKWAY SUITE 100

(Street)
ALAMEDA CA 94502

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
UTSTARCOM INC [ UTSI ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. VP of Finance & CFO
3. Date of Earliest Transaction (Month/Day/Year)
01/02/2004
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/02/2004 M 67 A $9.38 4,069 D
Common Stock 01/02/2004 M 1,667 A $15 5,736 D
Common Stock 01/02/2004 M 1,597 A $12.5 7,333 D
Common Stock 01/02/2004 M 4,587 A $20.25 11,920 D
Common Stock 01/02/2004 M 1,921 A $15.72 13,841 D
Common Stock 01/02/2004 S(1) 9,839 D $38.7474 4,002 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Employee Stock Option (right to buy) $9.38 01/02/2004 M 67 12/27/2000(2) 12/27/2009 Common Stock 67 $0 246,450 D
Employee Stock Option (right to buy) $15 01/02/2004 M 1,667 10/18/2001(3) 10/18/2010 Common Stock 1,667 $0 244,783 D
Employee Stock Option (right to buy) $12.5 01/02/2004 M 1,597 12/21/2001(4) 12/21/2010 Common Stock 1,597 $0.00 243,186 D
Employee Stock Option (right to buy) $20.25 01/02/2004 M 4,587 02/28/2003(5) 02/28/2012 Common Stock 4,587 $0 238,599 D
Employee Stock Option (right to buy) $15.72 01/02/2004 M 1,921 07/25/2003(6) 07/25/2012 Common Stock 1,921 $0 236,678 D
Explanation of Responses:
1. This trade was executed pursuant to Rule 10b5-1 trading plans that were adopted on November 18, 2002 and July 31, 2003.
2. Vesting Schedule: 1/4 after one year; 1/36 per month thereafter for the remaining shares.
3. Vesting Schedule: 1/4 after one year from 10/18/00, 1/36 per month thereafter for the remaining shares.
4. Vesting Schedule: 1/4 after one year from 12/21/00, 1/36 per month thereafter for the remaining shares.
5. Vesting Schedule: 1/4 after one year from 2/28/02, 1/36 per month thereafter for the remaining shares.
6. Vesting Schedule: 1/4 after one year from 7/25/02, 1/36 per month thereafter for the remaining shares.
By Su Ping Lu, as Attorney-in-Fact on behalf of Michael J. Sophie 01/06/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.