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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
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 control number. | SEC 1474 (9-02) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Restricted Stock Units | (1) | 02/29/2008 | A | 60,000 | (2) | (2) | Common Stock | 60,000 | $ 0 | 60,000 | D | ||||
Restricted Stock Units | (1) | 02/29/2008 | A | 30,000 | (3) | (3) | Common Stock | 30,000 | $ 0 | 30,000 | D | ||||
Restricted stock units | (1) | 02/29/2008 | M | 60,714 | (4) | (4) | Common stock | 60,714 | $ 0 | 60,715 | D | ||||
Restricted stock units | (1) | 02/29/2008 | M | 15,179 | (5) | (5) | Common stock | 15,179 | $ 0 | 44,535 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Patel Viraj J C/O UTSTARCOM, INC., 1275 HARBOR BAY PARKWAY ALAMEDA, CA 95402 |
VP, Corp. Controller and CAO |
By Francis P. Barton, as Attorney-in-Fact on behalf of Viraj J. Patel | 03/04/2008 | |
**Signature of Reporting Person | Date |
* | 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 vest in two equal annual installments beginning: 50% on February 27, 2009; and 50% on February 26, 2010. |
(3) | The restricted stock units will vest in installments beginning: 25% on February 27, 2009; and 25% annually thereafter. |
(4) | The restricted stock units vest 50% on February 29, 2008 and 50% on February 27, 2009. |
(5) | The restricted stock units vest 25% on each of February 29, 2008, February 27, 2009, February 26, 2010 and February 29, 2011. |
(6) | Shares sold to cover tax withholding obligation and funds remitted to the Company with respect thereto |