Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LU HONG LIANG
   2. Issuer Name and Ticker or Trading Symbol
UTSTARCOM INC [UTSI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CEO
(Last)
(First)
(Middle)
1275 HARBOR BAY PARKWAY, SUITE 100		 3. Date of Earliest Transaction (Month/Day/Year)
02/29/2008
(Street)

ALAMEDA, CA 94502		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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 02/29/2008   M   66,771 A $ 0 2,704,393 D  
Common Stock 03/03/2008   S   54,513 (7) D $ 2.4525 2,649,880 D  
Common Stock               229,000 I (4) By Partnership
Common Stock               115,927 I (5) By Trust
Common Stock               14,073 I (6) By Trust
Common Stock               5,332 I By Daughter
Common Stock               5,332 I By Son

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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 Underlying Securities
(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 of Derivative Security: 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
Restricted Stock Units (1) 02/29/2008   A   200,000     (2)   (2) Common Stock 200,000 $ 0 200,000 D  
Restricted Stock Units (1) 02/29/2008   A   33,333     (8)   (8) Common Stock 33,333 $ 0 33,333 D  
Restricted Stock Units (1) 02/29/2008   D     133,543   (3)   (3) Common Stock 133,543 $ 0 133,543 D  
Restricted Stock Units (1) 02/29/2008   M     66,771   (3)   (3) Common Stock 66,771 $ 0 66,772 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LU HONG LIANG
1275 HARBOR BAY PARKWAY
SUITE 100
ALAMEDA, CA 94502		   X     CEO  

Signatures

 By Francis P. Barton, as Attorney-in-Fact on behalf of Hong Liang Lu   03/05/2008
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Each restricted stock unit represents a contingent right to receive one share of UTStarcom common stock.
(2) The restricted stock units will vest in installments beginning: 25% on February 27, 2009; and 25% annually thereafter.
(3) At its meeting on February 26, 2008, the Compensation Committee determined that Mr. Lu had earned 50% of the performance award granted him on November 30, 2007 based on achievement of management performance objectives for fiscal year 2007, and the remaining 50% of the award was cancelled. The earned portion of the award vests 50% on February 29, 2008 and February 27, 2009.
(4) Shares registered in the name of the Lu Family Limited Partnership of which the reporting person is general partner.
(5) Shares registered in the name of the Lu Charitable Remainder Trust of which the reporting person is trustee.
(6) 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.
(7) Shares sold to cover tax withholding obligation with respect to vesting of restricted stock and restricted stock units; funds were remitted to the Company with respect thereto.
(8) Vests in full on February 27, 2009.

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