SEC Form 3 · accession 0001209191-15-042436
MAGNACHIP SEMICONDUCTOR Corp · MX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Period of report
Mar 31, 2015
Accepted (ET)
May 13, 2015 · 6:07 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 | holding | — | — | — | 119,747 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On 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.
Remarks
For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the reporting person is deemed a director by deputization by virtue of its representation on the Board of Directors of the Issuer.