UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
UTSTARCOM, INC.
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(Name of Issuer)
COMMON STOCK, PAR VALUE $0.00125 PER SHARE
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(Title of Class of Securities)
918076100
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(CUSIP Number)
DECEMBER 31, 2006
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[_] Rule 13d-1(b)
[_] Rule 13d-1(c)
[x] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13G
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CUSIP NO. 918076100 PAGE 2 OF 8
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only).
SOFTBANK AMERICA INC.
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2 Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [x]
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3 SEC Use Only
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4 Citizenship or Place of Organization
DELAWARE
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5 Sole Voting Power
-0-
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NUMBER OF 6 Shared Voting Power
SHARES BENEFICIALLY
OWNED BY 14,651,630
EACH -------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON
WITH -0-
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8 Shared Dispositive Power
14,651,630
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9 Aggregate Amount Beneficially Owned By Each Reporting Person
14,651,630
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
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11 Percent of Class Represented by Amount in Row (9)
12.1% (1)
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12 Type of Reporting Person
CO
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(1) Based on 120,839,532 shares of common stock outstanding as reported by
UTStarcom, Inc. on its Quarterly Report on Form 10-Q filed with the
Securities and Exchange Commission (the "SEC") on August 9, 2006.
SCHEDULE 13G
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CUSIP NO. 918076100 PAGE 3 OF 8
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only).
SOFTBANK HOLDINGS INC.
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2 Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [x]
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3 SEC Use Only
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4 Citizenship or Place of Organization
DELAWARE
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5 Sole Voting Power
-0-
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NUMBER OF 6 Shared Voting Power
SHARES BENEFICIALLY
OWNED BY 14,651,630 (2)
EACH -------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON
WITH -0-
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8 Shared Dispositive Power
14,651,630 (2)
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9 Aggregate Amount Beneficially Owned By Each Reporting Person
14,651,630 (2)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
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11 Percent of Class Represented by Amount in Row (9)
12.1% (3)
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12 Type of Reporting Person
HC
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(2) This figure includes 14,651,630 shares of common stock beneficially
owned as the controlling shareholder of SOFTBANK America Inc. which
holds the shares directly.
(3) Based on 120,839,532 shares of common stock outstanding as reported
by UTStarcom, Inc. on its Quarterly Report on Form 10-Q filed with
the SEC on August 9, 2006.
SCHEDULE 13G
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CUSIP NO. 918076100 PAGE 4 OF 8
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1 Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only).
SOFTBANK CORP.
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2 Check the Appropriate Box if a Member of a Group
(a) [_]
(b) [x]
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3 SEC Use Only
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4 Citizenship or Place of Organization
JAPAN
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5 Sole Voting Power
-0-
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NUMBER OF 6 Shared Voting Power
SHARES BENEFICIALLY
OWNED BY 14,651,630 (4)
EACH -------------------------------------------------------
REPORTING 7 Sole Dispositive Power
PERSON
WITH -0-
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8 Shared Dispositive Power
14,651,630 (4)
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9 Aggregate Amount Beneficially Owned By Each Reporting Person
14,651,630 (4)
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10 Check if the Aggregate Amount in Row (9) Excludes Certain Shares [_]
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11 Percent of Class Represented by Amount in Row (9)
12.1% (5)
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12 Type of Reporting Person
HC
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(4) This figure includes 14,651,630 shares of common stock held directly by
SOFTBANK America Inc., the controlling shareholder of which is SOFTBANK
Holdings Inc., the controlling shareholder of which is SOFTBANK Corp.
(5) Based on 120,839,532 shares of common stock outstanding as reported
by UTStarcom, Inc. on its Quarterly Report on Form 10-Q filed with the
SEC on August 9, 2006.
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CUSIP NO. 918076100 PAGE 5 OF 8
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ITEM 1(A) NAME OF ISSUER:
UTStarcom, Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1275 Harbor Bay Parkway, Alameda, CA 94502 USA
ITEM 2(A) NAME OF PERSON FILING:
SOFTBANK America Inc., a Delaware corporation
("SOFTBANK America"), SOFTBANK Holdings Inc., a
Delaware corporation ("SOFTBANK Holdings"), and
SOFTBANK Corp., a Japanese corporation ("SOFTBANK" and,
together with SOFTBANK America and SOFTBANK Holdings,
the "Reporting Persons"). The Reporting Persons are
making this single, joint filing pursuant to Rule
13d-1(k) because they may be deemed to constitute a
"group" within the meaning of Section 13(d)(3) of the
Securities Exchange Act of 1934, as amended (the
"Act"), although neither the fact of this filing nor
anything contained herein shall be deemed to be an
admission by the Reporting Persons that a group exists.
ITEMS 2(B), (C) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE;
CITIZENSHIP OF REPORTING PERSONS
The principal business address of SOFTBANK America is Nemours
Building, Suite 1461 1007 Orange Street, Wilmington, DE
19801. SOFTBANK America is a Delaware corporation.
The principal business address of SOFTBANK Holdings is
Nemours Building, Suite 1461 1007 Orange Street, Wilmington,
DE 19801. SOFTBANK Holdings is a Delaware corporation.
The principal business address of SOFTBANK is Tokyo Shiodome
Bldg., 1-9-1, Higashi-shimbashi, Minato-ku, Tokyo 105-7303.
SOFTBANK is a Japanese corporation.
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Common Stock, par value $0.00125 per share
ITEM 2(E) CUSIP NUMBER:
918076100
ITEM 3. STATEMENT FILED PURSUANT TO SS.SS.240.13D-1(B) OR
240.13D-2(B) OR (C):
Not applicable.
ITEM 4. OWNERSHIP
SOFTBANK America is a wholly-owned subsidiary of
SOFTBANK Holdings; accordingly, securities owned by
SOFTBANK America may be regarded as being beneficially
owned by SOFTBANK Holdings. SOFTBANK Holdings is a
wholly-owned subsidiary of SOFTBANK; accordingly,
securities owned by SOFTBANK Holdings may be regarded
as being beneficially owned by SOFTBANK.
The percentage of outstanding shares of common stock of
UTStarcom, Inc. (the "Company") reported herein as
beneficially owned by SOFTBANK America, SOFTBANK
Holdings and SOFTBANK is based upon 120,839,532 shares
of common stock outstanding as reported by the Company
on its Quarterly Report on Form 10-Q filed with the SEC
on August 9, 2006.
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CUSIP NO. 918076100 PAGE 6 OF 8
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As of the date of the filing of this statement,
SOFTBANK America beneficially owns, and SOFTBANK
Holdings and SOFTBANK may be deemed to beneficially own
through SOFTBANK America, a total of 14,651,630 shares
of common stock of the Company, or 12.1% of the
outstanding common stock of the Company.
(a) Amount Beneficially Owned:
SOFTBANK 14,651,630
SOFTBANK America 14,651,630
SOFTBANK Holdings 14,651,630
(b) Percent of Class:
SOFTBANK 12.1%
SOFTBANK America 12.1%
SOFTBANK Holdings 12.1%
(c) Number of shares as to which such person has:
(i) sole power to vote or direct the vote:
SOFTBANK -0-
SOFTBANK America -0-
SOFTBANK Holdings -0-
(ii) shared power to vote or direct the vote:
SOFTBANK 14,651,630
SOFTBANK America 14,651,630
SOFTBANK Holdings 14,651,630
(iii) sole power to dispose or to direct
the disposition of:
SOFTBANK -0-
SOFTBANK America -0-
SOFTBANK Holdings -0-
(iv) shared power to dispose or to direct
the disposition of:
SOFTBANK 14,651,630
SOFTBANK America 14,651,630
SOFTBANK Holdings 14,651,630
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact
that as of the date hereof the reporting person has
ceased to be the beneficial owner of more than five
percent of the class of securities, check the following
box: [_]
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CUSIP NO. 918076100 PAGE 7 OF 8
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ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT
HOLDING COMPANY OR CONTROL PERSON
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
The Reporting Persons may be deemed to be a "group"
for purposes of Section 13(d)(3) of the Act, although
neither the fact of this filing nor anything contained
herein shall be deemed to be an admission by the
Reporting Persons that a group exists.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
ITEM 10. CERTIFICATIONS
Not applicable.
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CUSIP NO. 918076100 PAGE 8 OF 8
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct. In addition, by signing below, the undersigned agrees that this
Amendment No. 2 on Schedule 13G may be filed jointly on behalf of each of the
Reporting Persons.
Dated: March 23, 2007
SOFTBANK CORP. SOFTBANK AMERICA INC.
By: /s/ Steven J. Murray By: /s/ Francis B. Jacobs II
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Name: Steven J. Murray Name: Francis B. Jacobs II
Title: Attorney-in-Fact Title: Vice President
SOFTBANK HOLDINGS INC.
By: /s/ Francis B. Jacobs II
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Name: Francis B. Jacobs II
Title: Vice President