MAGNACHIP SEMICONDUCTOR Corp — Director's Dealing 2015

May 14, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK: 0001325702
Period of Report: 2015-03-31

Reporting Person: AVENUE US/EUROPE DISTRESSED SEGREGATED PORTFOLIO, A SEGREGATED PORTFOLIO OF AVENUE ENTRUST CUSTOMIZED PORTFOLIO SPC (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	119747	Direct

Footnotes

F1: On March 31, 2015, Avenue International Master, L.P. ("Avenue International") made a pro rata distribution of 119,747 shares of common stock, par value $0.01 per share, of MagnaChip Semiconductor Corporation (the "Issuer") to Avenue US/Europe Distressed Segregated Portfolio, a segregated portfolio of Avenue EnTrust Customized Portfolio SPC ("Avenue EnTrust SPC"), a fund formed for an indirect investor in Avenue International. Avenue Capital Management II, L.P. ("Avenue Capital Management II") is the investment adviser of Avenue EnTrust SPC. Avenue Capital Management II GenPar, LLC ("GenPar") is the general partner of Avenue Capital Management II. Marc Lasry is the managing member of GenPar and is a director of Avenue EnTrust SPC. Avenue International, Avenue Capital Management II, GenPar and Mr. Lasry will be reporting this pro rata distribution separately on a Form 4.