Filing Details
- Accession Number:
- 0001209191-11-018748
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2011-03-17 19:16:38
- Reporting Period:
- 2011-03-16
- Filing Date:
- 2011-03-17
- Accepted Time:
- 2011-03-17 19:16:38
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1325702 | Magnachip Semiconductor Corp | MX | Semiconductors & Related Devices (3674) | 830406195 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1003215 | Avenue Investments, L.p. | C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022 | Yes | No | Yes | No | |
| 1180908 | Avenue International, Ltd. | C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022 | No | No | Yes | No | |
| 1259927 | Marc Lasry | C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022 | No | No | Yes | No | |
| 1382345 | Avenue Cdp Global Opportunities Fund Lp | C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022 | Yes | No | No | No | |
| 1450166 | Avenue International Master, L.p. | C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022 | Yes | No | Yes | No | |
| 1495476 | Avenue Partners, Llc | C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022 | No | No | Yes | No | |
| 1495478 | Avenue International Master Genpar, Ltd. | C/O Avenue Capital Management Ii, L.p. 399 Park Avenue, 6Th Floor New York NY 10022 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 Par Value | Acquisiton | 2011-03-10 | 1,458,684 | $0.00 | 1,458,684 | No | 4 | A | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2011-03-10 | 1,482,770 | $0.00 | 1,482,770 | No | 4 | A | Direct | |
| Common Stock, $0.01 Par Value | Acquisiton | 2011-03-10 | 4,375,589 | $0.00 | 4,375,589 | No | 4 | A | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2011-03-16 | 357,810 | $13.02 | 1,100,874 | No | 4 | S | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2011-03-16 | 363,718 | $13.02 | 1,119,052 | No | 4 | S | Direct | |
| Common Stock, $0.01 Par Value | Disposition | 2011-03-16 | 1,073,316 | $13.02 | 3,302,273 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | A | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock, $0.01 Par Value | Warrants | Acquisiton | 2011-03-10 | 23,573 | $0.00 | 23,573 | $15.76 |
| Common Stock, $0.01 Par Value | Warrants | Acquisiton | 2011-03-10 | 30,315 | $0.00 | 30,315 | $15.76 |
| Common Stock, $0.01 Par Value | Warrants | Acquisiton | 2011-03-10 | 70,448 | $0.00 | 70,448 | $15.76 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 23,573 | 2011-03-10 | 2014-11-09 | No | 4 | A | Direct |
| 30,315 | 2011-03-10 | 2014-11-09 | No | 4 | A | Direct |
| 70,448 | 2011-03-10 | 2014-11-09 | No | 4 | A | Direct |
Footnotes
- The persons reporting on this Form 4 (the "Reporting Persons") originally acquired common units and warrants exercisable to purchase common units in connection with the reorganization of MagnaChip Semiconductor LLC, which converted into MagnaChip Semiconductor Corporation (the "Issuer"). The conversion, which is exempt under Rule 16b-7, resulted in the Reporting Persons receiving shares of Common Stock, par value $0.01 (the "Common Stock"), and the warrants exercisable to purchase shares of Common Stock. The acquisition was approved in advance in accordance with Rule 16b-3.
- The filing of this Form 4 shall not be construed as an admission that Avenue Global Opportunities GenPar, LLC ("Global GenPar"), Avenue International, Ltd. ("International"), Avenue International Master GenPar, Ltd. ("International GenPar"), Avenue Partners, LLC ("Avenue Partners"), Avenue Capital Management II, L.P. ("Avenue Capital Management"), Avenue Capital Management II GenPar, LLC ("Capital Management GenPar") or Marc Lasry (the "Controlling Persons") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the Common Stock, $0.01 par value, of MagnaChip Semiconductor Corporation directly held by Avenue Investments, L.P. ("Avenue Investments"), Avenue-CDP Global Opportunities Fund, L.P. ("Avenue-CDP") and Avenue International Master, L.P. ("International Master"). Pursuant to Rule 16a-1, the Controlling Persons disclaim beneficial ownership except to the extent of their pecuniary interest therein.
- Avenue Investments received directly 1,458,684 shares of Common Stock of the Issuer as a result of the conversion. Avenue Partners serves as the general partner of Avenue Investments. Avenue Partners holds indirectly the 1,458,684 shares of Common Stock of the Issuer held directly by Avenue Investments. Avenue Partners has a direct performance-based allocation from Avenue Investments. Mr. Lasry owns an interest in Avenue Partners and receives a portion of the profits allocation related to Avenue Investments.
- Avenue-CDP received directly 1,482,770 shares of Common Stock of the Issuer as a result of the conversion. Global GenPar serves as the general partner of Avenue-CDP. Global GenPar holds indirectly the 1,482,770 shares of Common Stock of the Issuer held directly by Avenue-CDP. Global GenPar has a direct performance-based allocation from Avenue-CDP. Mr. Lasry owns an interest in Global GenPar and receives a portion of the profits allocation related to Avenue-CDP.
- International Master received directly 4,375,589 shares of Common Stock of the Issuer as a result of the conversion. International is the sole limited partner of International Master, International GenPar serves as the general partner of International Master and Avenue Partners is the sole shareholder of International GenPar. Each of International, International GenPar and Avenue Partners holds indirectly the 4,375,589 shares of Common Stock of the Issuer held directly by International Master. International GenPar has a direct performance-based allocation from International Master, and Avenue Partners, as the sole shareholder of International GenPar, has an indirect interest in such allocation. Mr. Lasry owns an interest in International GenPar and Avenue Partners and receives a portion of the profits allocation related to International Master.
- Avenue Investments holds directly 1,100,874 shares of Common Stock of the Issuer. Avenue Partners serves as the general partner of Avenue Investments. Avenue Partners holds indirectly the 1,100,874 shares of Common Stock of the Issuer held directly by Avenue Investments. Avenue Partners has a direct performance-based allocation from Avenue Investments. Mr. Lasry owns an interest in Avenue Partners and receives a portion of the profits allocation related to Avenue Investments.
- Avenue-CDP holds directly 1,119,052 shares of Common Stock of the Issuer. Global GenPar serves as the general partner of Avenue-CDP. Global GenPar holds indirectly the 1,119,052 shares of Common Stock of the Issuer held directly by Avenue-CDP. Global GenPar has a direct performance-based allocation from Avenue-CDP. Mr. Lasry owns an interest in Global GenPar and receives a portion of the profits allocation related to Avenue-CDP.
- International Master holds directly 3,302,273 shares of Common Stock of the Issuer. International is the sole limited partner of International Master, International GenPar serves as the general partner of International Master and Avenue Partners is the sole shareholder of International GenPar. Each of International, International GenPar and Avenue Partners holds indirectly the 3,302,273 shares of Common Stock of the Issuer held directly by International Master. International GenPar has a direct performance-based allocation from International Master, and Avenue Partners, as the sole shareholder of International GenPar, has an indirect interest in such allocation. Mr. Lasry owns an interest in International GenPar and Avenue Partners and receives a portion of the profits allocation related to International Master.
- Avenue Investments received directly 23,573 warrants exercisable to purchase shares of Common Stock of the Issuer as a result of the conversion. Avenue Partners serves as the general partner of Avenue Investments. Avenue Partners holds indirectly the 23,573 warrants exercisable to purchase shares of Common Stock of the Issuer held directly by Avenue Investments. Avenue Partners has a direct performance-based allocation from Avenue Investments. Mr. Lasry owns an interest in Avenue Partners and receives a portion of the profits allocation related to Avenue Investments.
- Avenue-CDP received directly 30,315 warrants exercisable to purchase shares of Common Stock of the Issuer as a result of the conversion. Global GenPar serves as the general partner of Avenue-CDP. Global GenPar holds indirectly the 30,315 warrants exercisable to purchase shares of Common Stock of the Issuer held directly by Avenue-CDP. Global GenPar has a direct performance-based allocation from Avenue-CDP. Mr. Lasry owns an interest in Global GenPar and receives a portion of the profits allocation related to Avenue-CDP.
- International Master received directly 70,448 warrants exercisable to purchase shares of Common Stock of the Issuer as a result of the conversion. International is the sole limited partner of International Master, International GenPar serves as the general partner of International Master and Avenue Partners is the sole shareholder of International GenPar. Each of International, International GenPar and Avenue Partners holds indirectly the 70,448 warrants exercisable to purchase shares of Common Stock of the Issuer held directly by International Master. International GenPar has a direct performance-based allocation from International Master, and Avenue Partners, as the sole shareholder of International GenPar, has an indirect interest in such allocation. Mr. Lasry owns an interest in International GenPar and Avenue Partners and receives a portion of the profits allocation related to International Master.
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