SEC Form 4 · accession 0001140361-16-075240
MAGNACHIP SEMICONDUCTOR Corp · MX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Pleasant Lake Partners LLC
10% Owner
PLP MM LLC
10% Owner
Pleasant Lake Onshore GP LLC
10% Owner
Jonathan Lennon
10% Owner
Period of report
Aug 4, 2016
Accepted (ET)
Aug 8, 2016 · 5:12 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001325702
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 4, 2016 | S | 58,000 | $7.4922 | D | 3,472,515 | I | See Footnote |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents 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.
- F2Shares 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.