UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549INITIAL STATEMENT OF 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. | SEC 1473 (7-02) | ||
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. |
1. Title of Derivative Security (Instr. 4) |
2. Date Exercisable and Expiration Date (Month/Day/Year) |
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) |
4. Conversion or Exercise Price of Derivative Security | 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5) |
6. Nature of Indirect Beneficial Ownership (Instr. 5) |
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Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||
Employee Stock Option (option to buy) | Â (1) | 10/31/2014 | Common Stock | 125,000 | $ 3.2 | D | Â |
Restricted Stock Units | Â (3) | 11/30/2014 | Common Stock | 30,000 | $ (2) | D | Â |
Restricted Stock Units | Â (4) | 03/01/2015 | Common Stock | 120,000 | $ (2) | D | Â |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Marsch Susan C/O UTSTARCOM, INC. 1275 HARBOR BAY PARKWAY ALAMEDA, CA 64502 |
 |  |  SVP and General Counsel |  |
Susan Marsch | 02/25/2009 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 5(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) | The vesting schedule is 1/4 of the shares on April 30, 2008, and 1/36 of the remaining shares per month thereafter for the remaining shares. |
(2) | Each restricted stock unit represents a contingent right to receive one share of UTStarcom common stock. |
(3) | The restricted stock units will vest as to 10,000 shares on each of February 27, 2009, February 26, 2010 and February 28, 2011. |
(4) | The restricted stock units will vest as to 25% of the shares on each of February 27, 2009, February 26, 2010, February 28, 2011 and February 29, 2012. |