4//SEC Filing
Cheng Edmond 4
Accession 0001179110-11-010805
CIK 0001030471other
Filed
Jul 7, 8:00 PM ET
Accepted
Jul 8, 2:51 PM ET
Size
9.3 KB
Accession
0001179110-11-010805
Insider Transaction Report
Form 4
UTSTARCOM INCUTSI
Cheng Edmond
Senior VP and CFO
Transactions
- Other
Restricted Stock Unit
2011-06-24−100,000→ 0 total→ Common Stock (100,000 underlying) - Award
Common Stock
2011-01-31+100,000→ 310,700 total - Other
Common Stock
2011-06-24−310,700→ 0 total
Footnotes (4)
- [F1]Mr. Cheng was awarded 100,000 shares of restricted common stock which will vest over a four (4) year period. 25% of the total shares shall vest annually starting on January 31, 2012, subject to Mr. Cheng's continuing service to the Company through each applicable vesting date.
- [F2]In connection with the reorganization of the corporate structure of the group of companies controlled by UTStarcom, Inc. to change its place of incorporation from Delaware to the Cayman Islands, each outstanding share of UTStarcom, Inc. common stock was converted into the right to receive the same number of ordinary shares in the capital of UTStarcom Holdings Corp., a Cayman Islands company. In addition, all outstanding equity awards of UTStarcom, Inc. were assumed by UTStarcom Holdings Corp. to provide for the issuance of UTStarcom Holdings Corp. ordinary shares rather than UTStarcom, Inc. common stock upon the exercise or conversion of such awards.
- [F3]Each restricted stock unit represents a contingent right to receive one share of UTStarcom, Inc. common stock.
- [F4]Restricted stock units vest as follows: First 25% vested on 5/31/2011 and 25% will vest annually thereafter.
Documents
Issuer
UTSTARCOM INC
CIK 0001030471
Entity typeother
Related Parties
1- filerCIK 0001491155
Filing Metadata
- Form type
- 4
- Filed
- Jul 7, 8:00 PM ET
- Accepted
- Jul 8, 2:51 PM ET
- Size
- 9.3 KB