Lu Ying (Jack) 4
4 · UTSTARCOM INC · Filed Jun 20, 2011
Insider Transaction Report
Form 4
UTSTARCOM INCUTSI
Lu Ying (Jack)
Senior VP & COO
Transactions
- Sale
Common Stock
2011-06-16$1.53/sh−35,878$54,908→ 564,122 total
Footnotes (1)
- [F1]Mr. Lu was awarded 300,000 shares of restricted common stock on March 31, 2010, which vest over a four-year period. One-fourth of the shares of common stock vested on March 31, 2011 and the shares included in Table I were disposed of in payment of tax payments due from the vesting of such restricted stock. The 35,878 shares were sold through separate trades, with the sale prices ranging from $1.53 to $1.54, and at a weighted average sale price of $1.5304303. 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 infomration regarding the number of shares sold at each separate purchase price.