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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) | 02/26/2010 | M | 15,179 | (2) | (2) | Common Stock | 15,179 | $ 0 | 15,178 | D | ||||
Restricted Stock Units | (1) | 02/26/2010 | M | 30,000 | (3) | (3) | Common Stock | 30,000 | $ 0 | 0 | D | ||||
Restricted Stock Units | (1) | 02/26/2010 | M | 7,500 | (4) | (4) | Common Stock | 7,500 | $ 0 | 15,000 | D | ||||
Restricted Stock Units | (1) | 02/26/2010 | M | 4,661 | (5) | (5) | Common Stock | 4,661 | $ 0 | 13,985 | D | ||||
Restricted Stock Units | (1) | 02/26/2010 | M | 18,647 | (6) | (6) | Common Stock | 18,647 | $ 0 | 18,646 | 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 |
Int CFO, VP, Controller & CAO |
/s/ Peter Blackmore, as Attorney-in-Fact on behalf of Viraj J. Patel | 03/01/2010 | |
**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 remaining restricted stock units vest in equal amounts on February 26, 2010 and February 28, 2011. |
(3) | The remaining restricted stock units vested on February 26, 2010. |
(4) | The remaining restricted stock units will vest in equal amounts on February 26, 2010, February 28, 2011 and February 29, 2012. |
(5) | The restricted stock units vest in installments beginning: 25% on February 26, 2010 and 25% annually thereafter, subject to Mr. Patel's continued service to the Company through each applicable vesting date. |
(6) | The restricted stock units vest as follows: 50% of the shares will vest on February 26, 2010 and February 28, 2011, subject to Mr. Patel's continued service to the Company through each applicable vesting date. |