4//SEC Filing
Patel Viraj J 4
Accession 0001179110-09-004070
CIK 0001030471other
Filed
Mar 2, 7:00 PM ET
Accepted
Mar 3, 7:39 PM ET
Size
28.4 KB
Accession
0001179110-09-004070
Insider Transaction Report
Form 4
UTSTARCOM INCUTSI
Patel Viraj J
Int CFO, VP, Controller & CAO
Transactions
- Award
Restricted Stock Units
2009-02-27+18,646→ 18,646 total→ Common Stock (18,646 underlying) - Exercise/Conversion
Restricted Stock Units
2009-02-27−7,500→ 22,500 total→ Common Stock (7,500 underlying) - Exercise/Conversion
Restricted Stock Units
2009-02-27−30,000→ 30,000 total→ Common Stock (30,000 underlying) - Sale
Common Stock
2009-03-02$0.93/sh−6,670$6,203→ 200,326 total - Sale
Common Stock
2009-03-03$0.78/sh−13,203$10,298→ 187,123 total - Exercise/Conversion
Restricted Stock Units
2009-02-27−15,178→ 30,357 total→ Common Stock (15,178 underlying) - Exercise/Conversion
Common Stock
2009-02-27+15,178→ 206,996 total - Award
Restricted Stock Units
2009-02-27+37,293→ 37,293 total→ Common Stock (37,293 underlying) - Exercise/Conversion
Common Stock
2009-02-27+60,715→ 191,818 total - Exercise/Conversion
Common Stock
2009-02-27+30,000→ 123,603 total - Exercise/Conversion
Common Stock
2009-02-27+7,500→ 131,103 total - Exercise/Conversion
Restricted Stock Units
2009-02-27−60,715→ 0 total→ Common Stock (60,715 underlying)
Footnotes (10)
- [F1]Each restricted stock unit represents a contingent right to receive one share of UTStarcom common stock.
- [F10]The 13,203 shares were sold through separate trades, with the sale prices ranging from $0.750 to $0.862, and at a weighted average sale price of $0.7773. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.
- [F2]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.
- [F3]The restricted stock units vest as follows: 50% of the shares shall vest on February 26, 2010 and February 28, 2011, subject to Mr. Patel's continued service to the Company through each applicable vesting date.
- [F4]The restricted stock units vest in two equal annual installments beginning: 50% on February 27, 2009; and 50% on February 26, 2010.
- [F5]The restricted stock units vest 25% on each of February 27, 2009 and 25% annually thereafter.
- [F6]The remaining restricted stock units vested on February 27, 2009.
- [F7]The remaining restricted stock units vest in equal amounts on each of February 27, 2009, February 26, 2010 and February 29, 2011.
- [F8]Includes 2500 shares acquired on November 19, 2008 and 2500 shares acquired on January 28, 2009 under the UTStarcom, Inc. employee stock purchase plan.
- [F9]The 6,670 shares were sold through separate trades, with the sale prices ranging from $0.860 to $1.00, and at a weighted average sale price of $0.9292. The reporting person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate purchase price.
Documents
Issuer
UTSTARCOM INC
CIK 0001030471
Entity typeother
Related Parties
1- filerCIK 0001389623
Filing Metadata
- Form type
- 4
- Filed
- Mar 2, 7:00 PM ET
- Accepted
- Mar 3, 7:39 PM ET
- Size
- 28.4 KB