4//SEC Filing
UTSTARCOM INC 4
Accession 0001179110-07-002865
$UTSICIK 0001030471operating
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 9:39 PM ET
Size
8.7 KB
Accession
0001179110-07-002865
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.
Documents
Issuer
UTSTARCOM INC
CIK 0001030471
Entity typeoperating
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001030471
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 9:39 PM ET
- Size
- 8.7 KB