MAGNACHIP SEMICONDUCTOR Corp — Director's Dealing 2020

Jan 23, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MAGNACHIP SEMICONDUCTOR Corp (MX)
CIK: 0001325702
Period of Report: 2020-01-21

Reporting Person: Brigade Leveraged Capital Structures Fund Ltd. (10% Owner)
Reporting Person: BRIGADE CAPITAL MANAGEMENT, LP (10% Owner)
Reporting Person: MORGAN DONALD E III (10% Owner)
Reporting Person: Brigade Capital Management GP, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-21	Common Stock, par value $.01 per share	S	19280	$14.54	Disposed	2082470	Direct
2020-01-21	Common Stock, par value $.01 per share	S	7462	$14.54	Disposed	2202229	Indirect
2020-01-21	Common Stock, par value $.01 per share	S	18025	$14.74	Disposed	2064445	Direct
2020-01-21	Common Stock, par value $.01 per share	S	6975	$14.74	Disposed	2177229	Indirect
2020-01-21	Common Stock, par value $.01 per share	S	32445	$14.98	Disposed	2032000	Direct
2020-01-21	Common Stock, par value $.01 per share	S	12555	$14.98	Disposed	2132229	Indirect
2020-01-21	Common Stock, par value $.01 per share	S	27785	$15.36	Disposed	2004215	Direct
2020-01-21	Common Stock, par value $.01 per share	S	1215	$15.36	Disposed	2103229	Indirect
2020-01-22	Common Stock, par value $.01 per share	S	17933	$15.65	Disposed	1986282	Direct
2020-01-22	Common Stock, par value $.01 per share	S	785	$15.65	Disposed	2084511	Indirect
2020-01-22	Common Stock, par value $.01 per share	S	27705	$15.98	Disposed	2056806	Indirect

Footnotes

F1: The reported securities are directly owned by Brigade Leveraged Capital Structures Fund Ltd. (the "Fund") and may be deemed owned by Brigade Capital Management, LP, the investment manager of the Fund, Brigade Capital Management GP, LLC, the general partner of Brigade Capital Management, LP, and Donald E. Morgan, III, the managing member of Brigade Capital Management GP, LLC, each a Reporting Person. Brigade Capital Management, LP, Brigade Capital Management GP, LLC and Mr. Morgan each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that each Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F2: The reported securities are directly owned by Brigade Leveraged Capital Structures Fund Ltd. and by certain private fund clients of Brigade Capital Management, LP. The reported securities may be deemed beneficially owned by Brigade Capital Management, LP, the investment manager of such private fund clients, Brigade Capital Management GP, LLC, the general partner of Brigade Capital Management, LP, and Donald E. Morgan, III, the managing member of Brigade Capital Management GP, LLC, each a Reporting Person. Brigade Capital Management, LP, Brigade Capital Management GP, LLC and Mr. Morgan each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that each Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.