MAGNACHIP SEMICONDUCTOR Corp — Director's Dealing 2016

Aug 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK: 0001325702
Period of Report: 2016-08-04

Reporting Person: Pleasant Lake Partners LLC (10% Owner)
Reporting Person: Pleasant Lake Onshore GP LLC (10% Owner)
Reporting Person: Pleasant Lake Offshore Master Fund L.P. (10% Owner)
Reporting Person: Lennon Jonathan (10% Owner)
Reporting Person: PLP MM LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-04	Common Stock	S	58000	$7.4922	Disposed	3472515	Indirect

Footnotes

F1: Represents the weighted average purchase price of shares purchased in a series of open market sales on the transaction date at prices ranging from $7.12 to $8.00 per share. The Reporting Persons undertake to provide, upon request by the staff of the Securities and Exchange Commission, the issuer, or a security holder of the issuer, full information regarding the number of shares purchased at each price.

F2: Shares reported herein represent shares held for the account of Pleasant Lake Offshore Master Fund L.P. (the "Master Fund"). Pleasant Lake Partners LLC ("PLP") serves as the investment manager of the Master Fund. Pleasant Lake Onshore GP LLC ("GP LLC") serves as General Partner of the Master Fund. PLP MM LLC is the managing member of PLP. Jonathan Lennon serves as manager of PLP MM LLC and GP LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein, and the filing of this Form 4 shall not be construed as an admission that any of the Reporting Persons is the beneficial owner of any such shares for purposes of Section 16(a) of the Securities Exchange Act of 1934 or for any other purpose.