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 PPF OPPORTUNITIES FUND, L.P. (Director)
Reporting Person: AVENUE PPF OPPORTUNITIES FUND GENPAR, LLC (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	812190	Direct

Footnotes

F1: On March 31, 2015, Avenue International Master, L.P. ("Avenue International") made a pro rata distribution of 812,190 shares of common stock, par value $0.01 per share, of MagnaChip Semiconductor Corporation (the "Issuer") to Avenue PPF Opportunities Fund, L.P. ("Avenue PPF Opportunities"), a fund formed for an indirect investor in Avenue International. Avenue PPF Opportunities Fund GenPar, LLC ("Avenue PPF Opportunities GenPar") is the general partner of Avenue PPF Opportunities and Avenue Capital Management II, L.P. ("Avenue Capital Management II") is the investment adviser of Avenue PPF Opportunities. Avenue Capital Management II GenPar, LLC ("GenPar") is the general partner of Avenue Capital Management II. Marc Lasry is the managing member of Avenue PPF Opportunities GenPar and GenPar. Avenue International, Avenue Capital Management II, GenPar and Mr. Lasry will be reporting this pro rata distribution separately on a Form 4.