Filing Details

Accession Number:
0001019056-17-000790
Form Type:
13D Filing
Publication Date:
2017-12-04 17:00:21
Filed By:
Phicomm (shanghai) Co., Ltd.
Company:
Utstarcom Holdings Corp. (NASDAQ:UTSI)
Filing Date:
2017-12-04
SEC Url:
13D Filing
Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
GU GUOPING 0 5,000,000 0 5,000,000 5,000,000 14.1%
Phicomm (Shanghai) Co., Ltd 0 5,000,000 0 5,000,000 5,000,000 14.1%
Phicomm Technology (Hong Kong) Co., Limited 0 5,000,000 0 5,000,000 5,000,000 14.1%
The Smart Soho International Limited 0 5,000,000 0 5,000,000 5,000,000 14.1%
Talent Transmission Limited 0 2,718,758 0 2,718,758 2,718,758 7.7%
JIN WEI 0 2,718,758 0 2,718,758 2,718,758 7.7%
Filing

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D
(Amendment No.11)

Under the Securities Exchange Act of 1934

 

UTStarcom Holdings Corp.
(Name of Issuer)

 

Ordinary Shares, Par Value US$0.00375 per share
(Title of Class of Securities)
 
918076100
(CUSIP Number)

 

Gu Yunfeng
Phicomm (Shanghai) Co., Ltd.
3666 Sixian Road
Songjiang District
Shanghai, People’s Republic of China
011-86-21-31183118
Jin Wei
Talent Transmission Limited
Ajeltake Road
Ajeltake Island
MajuroMarshall Islands
MH96960

 

 
(Names, Addresses and Telephone Numbers of Persons Authorized to Receive Notices and Communications)
 

December 4, 2017 

 (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box ¨.

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

*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).

 
CUSIP No. 918076100
  1.   Names of Reporting Persons.    
      GU GUOPING    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨
        (b) ý
  3.   SEC Use Only    
  4.   Source of Funds (See Instructions)    
      AF    
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
  6.   Citizenship or Place of Organization    
      People’s Republic of China    
  Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.   Sole Voting Power    
      -0-    
  8.   Shared Voting Power    
      5,000,000    
  9.   Sole Dispositive Power    
      -0-    
  10.   Shared Dispositive Power    
      5,000,000    
  11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
            5,000,000    
  12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   ¨
  13.   Percent of Class Represented by Amount in Row (11)    
            14.1%    
  14.   Type of Reporting Person    
            IN    
2
CUSIP No. 918076100
  1.   Names of Reporting Persons.    
      Phicomm (Shanghai) Co., Ltd.    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨
              (b) ý
  3.   SEC Use Only    
  4.   Source of Funds (See Instructions)    
      WC    
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
  6.   Citizenship or Place of Organization    
      People’s Republic of China    
  Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.   Sole Voting Power    
      -0-    
  8.   Shared Voting Power    
      5,000,000    
  9.   Sole Dispositive Power    
      -0-    
  10.   Shared Dispositive Power    
      5,000,000    
  11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
            5,000,000    
  12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   ¨
  13.   Percent of Class Represented by Amount in Row (11)    
            14.1%    
  14.   Type of Reporting Person    
            CO    
3
CUSIP No. 918076100
  1.   Names of Reporting Persons.    
      Phicomm Technology (Hong Kong) Co., Limited    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨
              (b) ý
  3.   SEC Use Only    
  4.   Source of Funds (See Instructions)    
      AF    
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
  6.   Citizenship or Place of Organization    
      Hong Kong    
  Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.   Sole Voting Power    
      -0-    
  8.   Shared Voting Power    
      5,000,000    
  9.   Sole Dispositive Power    
      -0-    
  10.   Shared Dispositive Power    
      5,000,000    
  11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
            5,000,000    
  12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   ¨
  13.   Percent of Class Represented by Amount in Row (11)    
            14.1%    
  14.   Type of Reporting Person    
            CO    
4
CUSIP No. 918076100
  1.   Names of Reporting Persons.      
      The Smart Soho International Limited    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨
        (b) ý
  3.   SEC Use Only    
  4.   Source of Funds (See Instructions)    
      AF    
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
  6.   Citizenship or Place of Organization    
      Cayman Islands    
  Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.   Sole Voting Power    
      -0-    
  8.   Shared Voting Power    
      5,000,000    
  9.   Sole Dispositive Power    
      -0-    
  10.   Shared Dispositive Power    
      5,000,000    
  11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
            5,000,000    
  12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   ¨
  13.   Percent of Class Represented by Amount in Row (11)    
            14.1%    
  14.   Type of Reporting Person    
            CO    
5
CUSIP No. 918076100
  1.   Names of Reporting Persons.      
      Talent Transmission Limited    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨
          (b) ý
  3.   SEC Use Only    
  4.   Source of Funds (See Instructions)    
      AF    
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
  6.   Citizenship or Place of Organization    
      Marshall Islands    
  Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.   Sole Voting Power    
      -0-    
  8.   Shared Voting Power    
      2,718,758    
  9.   Sole Dispositive Power    
      -0-    
  10.   Shared Dispositive Power    
      2,718,758    
  11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
            2,718,758    
  12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   ¨
  13.   Percent of Class Represented by Amount in Row (11)    
            7.7%    
  14.   Type of Reporting Person    
            CO    
6
           
  1.   Names of Reporting Persons.      
      JIN WEI    
  2.   Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨
        (b) ý
  3.   SEC Use Only    
  4.   Source of Funds (See Instructions)    
      PF    
  5.   Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)   ¨
  6.   Citizenship or Place of Organization    
      People's Republic of China    
  Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
7.   Sole Voting Power    
      -0-    
  8.   Shared Voting Power    
      2,718,758    
  9.   Sole Dispositive Power    
      -0-    
  10.   Shared Dispositive Power    
      2,718,758    
  11.   Aggregate Amount Beneficially Owned by Each Reporting Person    
            2,718,758    
  12.   Check Box if the Aggregate Amount in Row (11) Excludes Certain Shares   ¨
  13.   Percent of Class Represented by Amount in Row (11)    
            7.7%    
  14.   Type of Reporting Person    
            IN    
7

The Statement on Schedule 13D filed December 14, 2015 (the “Statement”) filed by Mr. Gu Guoping, Phicomm (Shanghai) Co., Ltd., previously called Shanghai Phicomm Communication Co., Ltd. (“Phicomm”), Phicomm Technology (Hong Kong) Co., Limited (“Phicomm HK”), The Smart Soho International Limited (“Smart Soho” or “Acquirer” and, together with Gu Guoping, Phicomm and Phicomm HK, the “Phicomm Group” ) and Chongqing Liangjian New Area Strategic Emerging Industries Equity Investment Fund Partnership (Limited Liability Partnership) (the “Fund”) relating to the Ordinary Shares, par value US$0.00375 per share (the “Ordinary Shares”) of UTStarcom Holdings Corp., a Cayman Islands corporation (the “Issuer”), as amended by Amendment No. 1 thereto filed December 22, 2015 by the Phicomm Group and the Fund, by Amendment No. 2 thereto filed January 19, 2016 solely by the Phicomm Group, by Amendment No. 3 thereto filed May 5, 2016 by the Phicomm Group and the Fund, by Amendment No. 4 thereto filed July 6, 2016 by the Phicomm Group, by Amendment No. 5 thereto filed September 7, 2016 by the Phicomm Group, by Amendment No. 6 thereto filed November 8, 2016 by the Phicomm Group, by Amendment No. 7 thereto filed June 9, 2017 by the Phicomm Group, Talent Transmission Limited, a Marshall Islands company (“TTL”) and Mr. Jin Wei (collectively with the Phicomm Group and TTL, the “Filing Persons”), by Amendment No. 8 thereto filed June 19, 2017 by the Filing Persons, by Amendment No. 9 thereto filed September 13, 2017 by the Filing Persons, and by Amendment No. 10 thereto filed October 11, 2017 by the Filing Persons, is hereby further amended with respect to the items set forth below in this Amendment No. 11. Capitalized terms used herein without definition have the same meanings as those ascribed to them in the Statement.

Item 2. Identity and Background

Item 2 of the Statement is hereby amended by the addition of the following information:

The English translation of Phicomm’s name has been changed to Phicomm (Shanghai) Co., Ltd.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 of the Statement is hereby amended by the addition of the following information:

The aggregate purchase price for the Ordinary Shares acquired by TTL and reported in Item 5 of this Schedule 13D (Amendment No. 11) was approximately US$933,548.00.TTL acquired the funds used to purchase such Ordinary Shares from capital contributions made by Mr. Jin Wei, who used his personal funds to make such contributions.

Item 4. Purpose of Transaction

Item 4 of the Statement is hereby amended by the addition of the following information:

TTL acquired the 294,227 Ordinary Shares reported in Item 5 of this Schedule 13D (Amendment No. 11) for investment. In addition, and as previously disclosed by the Filing Persons, TTL’s acquisitions of Ordinary Shares through and including the purchases reported in Amendment No. 10 were made in connection with TTL’s support of Phicomm’s opposition to the non-binding “going private” proposal made to the Issuer by the Consortium on March 31, 2017. See Item 4 of the Filing Persons’ Schedule 13D (Amendment No. 7), filed June 9, 2017. On October 23, 2017, the Consortium Members withdrew their non-binding proposal.

TTL has informed Phicomm that while it continues to support Phicomm’s goals and intentions regarding the Issuer, and presently expects to continue to act in concert with Phicomm as a “group” within the meaning of Section 13(d) of the Exchange Act and Regulation 13D-G thereunder, TTL may, from time to time, depending on the market price for the Issuer’s Ordinary Shares, market conditions and other considerations deemed relevant by TTL, sell Ordinary Shares when it believes it appropriate to do so to realize a gain on its investment in the Issuer’s shares. Any such sales may be followed by additional purchases or additional sales by TTL.

8

Item 5. Interest in Securities of the Issuer

As previously disclosed, at the date of this Schedule 13D (Amendment No. 11), the Phicomm Group is the beneficial owner of 5,000,000 Ordinary Shares, constituting approximately 14.1% of the Issuer’s Ordinary Shares. For additional information regarding persons who may share such beneficial ownership, see Amendment No. 6 to this Schedule 13D, as filed by the Phicomm Group on November 8, 2016.

Item 5 of the Statement is hereby amended by the addition of the following information with respect to beneficial ownership of the Issuer’s Ordinary Shares by TTL and Mr. Jin Wei:

Subsequent to the filing of Amendment No.10 to the Filing Persons’ Schedule 13D, TTL has purchased 294,227 Ordinary Shares in market transactions denominated in United States Dollars (US$) on the Nasdaq Stock Market, as detailed in the following table:

 


Date
  No. of Shares   Avg.
Price/share
  Total  
10/17/2010   62,300   3.1256   194,724.88  
10/18/2017   11,300   3.1583   35,688.79  
10/19/2017   4,300   3.1109   13,376.87  
10/20/2017   4,300   3.1009   13,333.87  
10/23/2017   27,400   3.1482   86,260.68  
10/24/2017   4,800   3.1585   15,160.80  
10/25/2017   8,300   3.1569   26,202.27  
10/26/2017   9,500   3.1546   29,968.70  
10/27/2017   8,100   3.1212   25,281.72  
10/30/2017   7,200   3.1296   22,533.12  
10/31/2017   5,800   3.1955   18,533.90  
11/1/2017   3,800   3.2084   12,191.92  
11/3/2017   3,500   3.1967   11,188.45  
11/6/2017   5,100   3.1873   16,255.23  
11/7/2017   4,100   3.1399   12,873.59  
11/8/2017   1,800   3.1539   5,677.02  
11/9/2017   1,300   3.1796   4,133.48  
11/10/2017   3,400   3.1994   8,977.96  
11/13/2017   5,100   3.1996   16,317.96  
11/14/2017   45,000   3.2156   144,702.00  
11/15/2017   21,400   3.2185   68,857.90  
11/16/2017   30,000   3.2487   97,461.00  
11/17/2017   16,427   3.2779   53,846.06  
Total:   294,227       $933,548.17  
9

At the date of this Schedule 13D (Amendment No. 11), TTL is the beneficial owner of 2,718,758 Ordinary Shares, constituting approximately 7.7% of the Issuer’s Ordinary Shares. As the sole shareholder and sole director of TTL, Mr. Jin Wei possesses the power to direct TTL’s voting and disposition of the Ordinary Shares owned directly by TTL, and he may therefore be deemed to be the beneficial owner of such Ordinary Shares.

All Ordinary Shares beneficially owned by the Phicomm Group, and all Ordinary Shares beneficially owned by the TTL and Mr. Jin Wei, are issued and outstanding. Percentage beneficial ownership amounts are based on 35,449,485 Ordinary Shares outstanding, as disclosed by the Issuer in Item 6 of its Form 20-F for the year ended December 31, 2016, filed November 14, 2017.

Except as disclosed in this Item 5, none of the members of the Phicomm Group and, to their knowledge, none of their directors or officers has effected any transactions in the Ordinary Shares during the 60 days preceding the filing of the Schedule 13D (Amendment No. 11).

Except as disclosed in this Item 5 and in Item 5 of Schedule 13D (Amendment No. 10), neither TTL nor Mr. Jin Wei has effected any transactions in the Ordinary Shares during the 60 days preceding the filing of the Schedule 13D (Amendment No. 11).

As previously described in Item 4 of their Schedule 13D (Amendment No. 7) and for the reasons described in Item 4 of this Schedule 13D (Amendment No. 11), the Phicomm Group, TTL and Mr. Jin Wei may be deemed to constitute a “group” within the meaning of Section 13(d) of the Exchange Act and Regulation 13D-G thereunder. However, the Phicomm Group disclaims any beneficial interest in the Ordinary Shares beneficially owned by TTL and Mr. Jin Wei, and TTL and Mr. Jin Wei disclaim any beneficial interest in the Ordinary Shares beneficially owned by the Phicomm Group.

10

Signatures

After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: December 4, 2017

 

  PHICOMM (SHANGHAI) CO., LTD.
       
  By: /s/ Gu Yunfeng  
  Name: Gu Yunfeng  
  Title: Vice Chairman  
       
  PHICOMM TECHNOLOGY (HONG KONG) CO., LIMITED.
       
  By: /s/ Gu Guoping  
  Name: Gu Guoping  
  Title: Sole Director  
       
  THE SMART SOHO INTERNATIONAL LIMITED
       
  By: /s/ Gu Guoping  
  Name: Gu Guoping  
  Title: Sole Director  
       
  GU GUOPING, individually
       
    /s/ Gu Guoping  
  Name: Gu Guoping  
       
  TALENT TRANSMISSION LIMITED
       
  By: /s/ Jin Wei  
  Name: Jin Wei  
  Title: Sole Director  
       
  JIN WEI, individually
       
    /s/ Jin Wei  
  Name: Jin Wei  
       
11