Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WU YING
  2. Issuer Name and Ticker or Trading Symbol
UTSTARCOM INC [UTSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP & Vice Chairman
(Last)
(First)
(Middle)
10F TOWER E2, THE TOWERS ORIENTAL PLAZA,, NO.1 EAST CHANG AN AVE, DONGCHENG DIST.
3. Date of Earliest Transaction (Month/Day/Year)
12/29/2006
(Street)

BEIJING, F4 100738
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 25.25 12/29/2006   A   29,167   12/29/2006(1) 02/28/2012 Common Stock 29,167 (4) 29,167 D  
Stock Optoin (right to buy) $ 20.25 12/29/2006   D     29,167 01/28/2005(2) 02/28/2012 Common Stock 29,167 (4) 0 D  
Stock Option $ 20.82 12/29/2006   A   19,792   12/29/2006(1) 07/25/2012 Common Stock 19,792 (4) 19,792 D  
Stock Option (right to buy) $ 15.72 12/29/2006   D     19,792 01/25/2005(3) 07/25/2012 Common Stock 19,792 (4) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WU YING
10F TOWER E2, THE TOWERS ORIENTAL PLAZA,
NO.1 EAST CHANG AN AVE, DONGCHENG DIST.
BEIJING, F4 100738
  X     Executive VP & Vice Chairman  

Signatures

 By Thomas Savage, as Attorney-in-Fact on behalf of Ying Wu   01/03/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The options have fully vested as the date hereof.
(2) Represents a portion of the option granted on 2/28/2002 which vested between January 2005 and February 2006.
(3) Represents a portion of the option granted on 7/25/2002 which vested between January 2005 and July 2006.
(4) The reporting person elected to cancel a portion of the options previously granted to him in exchange for new options having higher exercise prices.

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