UTSTARCOM INC 4
4 · UTSTARCOM INC · Filed Feb 5, 2007
Insider Transaction Report
Form 4
UTSTARCOM INCUTSI
WU YING
DirectorExecutive VP & Vice Chairman
Transactions
- Award
Performance Stock (right to receive)
2007-02-01+40,000→ 40,000 total→ Common Stock (40,000 underlying) - Award
Stock Option (right to buy)
2007-02-01+80,000→ 80,000 totalExercise: $6.25From: 2007-02-28Exp: 2016-02-28→ Common Stock (80,000 underlying)
Footnotes (2)
- [F1]On February 28, 2006, the reporting person was granted a performance-based option to purchase up to 100,000 shares of Common Stock. The vesting of the option is based on the reporting person's level of satisfaction of certain performance criteria for UTSI's fiscal year ending December 31, 2006. On February 1, 2007, UTSI's Compensation Committee of the Board determined that the reporting person's performance criteria were substantially met, resulting in vesting of the option as to 80,000 shares, effective February 28, 2007.
- [F2]On February 1, 2007, UTSI's Compensation Committee of the Board determined that, based on the reporting person's level of satisfaction of certain performance criteria for UTSI's fiscal year ending December 31, 2006, the reporting person will be eligible to receive 40,000 shares of UTSI's Common Stock at a later date to be determined by the Compensation Committee, subject to compliance with applicable law.