<SUBMISSION>
<ACCESSION-NUMBER>0001209191-03-036105
<TYPE>4
<PUBLIC-DOCUMENT-COUNT>1
<PERIOD>20031222
<FILING-DATE>20031219
<ISSUER>
<COMPANY-DATA>
<CONFORMED-NAME>UNIVERSAL TECHNICAL INSTITUTE INC
<CIK>0001261654
<ASSIGNED-SIC>8200
<IRS-NUMBER>860226984
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0930
</COMPANY-DATA>
<MAIL-ADDRESS>
<STREET1>10851 N BLACK CANYON HIGHWAY
<STREET2>STE 600
<CITY>PHOENIX
<STATE>AZ
<ZIP>85029
</MAIL-ADDRESS>
</ISSUER>
<REPORTING-OWNER>
<OWNER-DATA>
<CONFORMED-NAME>MCWATERS KIMBERLY J
<CIK>0001272480
</OWNER-DATA>
<FILING-VALUES>
<FORM-TYPE>4
<ACT>34
<FILE-NUMBER>001-31923
<FILM-NUMBER>031066394
</FILING-VALUES>
<MAIL-ADDRESS>
<STREET1>20410 NORTH 19TH AVENUE
<CITY>PHOENIX
<STATE>AZ
<ZIP>85027
</MAIL-ADDRESS>
</REPORTING-OWNER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>bpx68589_bpx10km4.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument><schemaVersion>X0201</schemaVersion>    <documentType>4</documentType><periodOfReport>2003-12-22</periodOfReport><notSubjectToSection16>0</notSubjectToSection16><issuer><issuerCik>0001261654</issuerCik><issuerName>UNIVERSAL TECHNICAL INSTITUTE INC</issuerName>        <issuerTradingSymbol>UTI</issuerTradingSymbol></issuer><reportingOwner><reportingOwnerId><rptOwnerCik>0001272480</rptOwnerCik><rptOwnerName>MCWATERS KIMBERLY J</rptOwnerName></reportingOwnerId><reportingOwnerAddress><rptOwnerStreet1>20410 NORTH 19TH AVENUE</rptOwnerStreet1><rptOwnerStreet2></rptOwnerStreet2><rptOwnerCity>PHOENIX</rptOwnerCity><rptOwnerState>AZ</rptOwnerState><rptOwnerZipCode>85027</rptOwnerZipCode><rptOwnerStateDescription></rptOwnerStateDescription></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>1</isOfficer><isTenPercentOwner>0</isTenPercentOwner><isOther>0</isOther><officerTitle>CEO and Pres</officerTitle></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>common stock par value 0.0001</value></securityTitle><transactionDate><value>2003-12-22</value></transactionDate><deemedExecutionDate><value>2003-12-19</value></deemedExecutionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>C</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>975</value></transactionShares><transactionPricePerShare><value>20.50</value></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>88268</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><derivativeTable><derivativeTransaction><securityTitle><value>Series B Preferred</value></securityTitle><conversionOrExercisePrice><value>20.50</value></conversionOrExercisePrice><transactionDate><value>2003-12-22</value></transactionDate><deemedExecutionDate><value>2003-12-19</value></deemedExecutionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>C</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>20</value></transactionShares><transactionPricePerShare><footnoteId id="F1" /></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F1" /></exerciseDate><expirationDate><value>2003-12-22</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>common</value></underlyingSecurityTitle><underlyingSecurityShares><value>975</value><footnoteId id="F1" /></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeTransaction><derivativeTransaction><securityTitle><value>Series C Preferred</value></securityTitle><conversionOrExercisePrice><value>20.50</value></conversionOrExercisePrice><transactionDate><value>2003-12-22</value></transactionDate><deemedExecutionDate><value>2003-12-19</value></deemedExecutionDate><transactionCoding><transactionFormType>5</transactionFormType><transactionCode>C</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>386</value></transactionShares><transactionPricePerShare><footnoteId id="F2" /></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><exerciseDate><footnoteId id="F2" /></exerciseDate><expirationDate><value>2003-12-22</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>common</value></underlyingSecurityTitle><underlyingSecurityShares><value>18844</value><footnoteId id="F2" /></underlyingSecurityShares></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>0</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value><footnoteId id="F3" /></directOrIndirectOwnership><natureOfOwnership><value>UTI Tax Deferred Trust</value></natureOfOwnership></ownershipNature></derivativeTransaction><derivativeHolding><securityTitle><value>Employee Stock Option Right to Buy</value></securityTitle><conversionOrExercisePrice><value>4.44</value></conversionOrExercisePrice><exerciseDate><value>2003-04-01</value></exerciseDate><expirationDate><value>2012-03-31</value></expirationDate><underlyingSecurity><underlyingSecurityTitle><value>common</value></underlyingSecurityTitle><underlyingSecurityValue><value>4.44</value></underlyingSecurityValue></underlyingSecurity><postTransactionAmounts><sharesOwnedFollowingTransaction><value>310842</value></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>D</value></directOrIndirectOwnership></ownershipNature></derivativeHolding></derivativeTable><footnotes><footnote id="F1">The reporting person owns 51 shares of Series B Preferred Stock with a liquidation value of $1000 per share.  Each share of the Series B Preferred Stock may be exchanged for shares of common stock upon the completion of a common stock offering to the public.  The number of shares of common stock to be issued in exchange for each share of Series B Preferred Stock is equal to the liquidation value of the Series B Stock divided by the initial public offering price per share of the Company's common stock.</footnote><footnote id="F2">The reporting person owns 386 shares of Series C Preferred Stock with a liquidation value of $1000 per share.  Each share of Series C Preferred Stock may be exchanged for shares of common stock upon the completion of a common stock offering to the public.  The number of shares of common stock to be issued in exchange for each share of Series C Preferred Stock is equal to the liquidation value of the Series C Preferred Stock divided by the initial public offering price per share of the Company's common stock.</footnote><footnote id="F3">The reporting person disclaims beneficial ownership of these securities.  The inclusion of these shares in this report shall not be admission of beneficial ownership of all of the reported shares for purposes of Section 16 or any other purpose.</footnote></footnotes><ownerSignature><signatureName>Jennifer Haslip attorney in fact for Kimberly J. McWaters</signatureName><signatureDate>2003-12-19</signatureDate></ownerSignature></ownershipDocument>

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</DOCUMENT>
</SUBMISSION>
