UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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OMB APPROVAL
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OMB Number:3235-0145
Expires: February 28, 2009
Estimated average burden
hours per response… 10.4
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MagnaChip Semiconductor Corporation
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(Name of Issuer)
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Common Stock
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(Title of Class of Securities)
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55933J203
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(CUSIP Number)
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Pleasant Lake Partners LLC
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110 Greene Street, Suite 604
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New York, NY 10012
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Tel. No.: 212-554-0680
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
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June 9, 2015
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(Date of Event Which Requires Filing of this Statement)
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1
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Names of Reporting Persons.
Pleasant Lake Partners LLC
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [X]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
AF
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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8 Shared Voting Power
2,640,584 shares (See Item 2 below)
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
2,640,584 shares (See Item 2 below)
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,640,584 shares (See Item 2 below)
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
7.7%
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14
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Type of Reporting Person (See Instructions)
OO (Limited Liability Company)
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1
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Names of Reporting Persons.
PLP MM LLC
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [X]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
AF
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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8 Shared Voting Power
2,640,584 shares (See Item 2 below)
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
2,640,584 shares (See Item 2 below)
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,640,584 shares (See Item 2 below)
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
7.7%
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14
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Type of Reporting Person (See Instructions)
OO (Limited Liability Company)
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1
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Names of Reporting Persons.
Pleasant Lake Onshore GP LLC
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [X]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
AF
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
Delaware
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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|
8 Shared Voting Power
2,640,584 shares (See Item 2 below)
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9 Sole Dispositive Power
0
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10 Shared Dispositive Power
2,640,584 shares (See Item 2 below)
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,640,584 shares (See Item 2 below)
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
7.7%
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14
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Type of Reporting Person (See Instructions)
OO (Limited Liability Company)
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1
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Names of Reporting Persons.
Pleasant Lake Offshore Master Fund L.P.
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [X]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
WC
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
Cayman Islands
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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8 Shared Voting Power
2,640,584 shares (See Item 2 below)
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||
9 Sole Dispositive Power
0
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||
10 Shared Dispositive Power
2,640,584 shares (See Item 2 below)
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11
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Aggregate Amount Beneficially Owned by Each Reporting Person
2,640,584 shares (See Item 2 below)
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
7.7%
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14
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Type of Reporting Person (See Instructions)
PN (Limited Partnership)
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1
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Names of Reporting Persons.
Jonathan Lennon
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2
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Check the Appropriate Box if a Member of a Group (See Instructions)
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(a) [ ]
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(b) [X]
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3
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SEC Use Only
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4
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Source of Funds (See Instructions):
AF
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5
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Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):
[ ]
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6
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Citizenship or Place of Organization.
United States
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Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
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7 Sole Voting Power
0
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8 Shared Voting Power
2,640,584 shares (See Item 2 below)
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9 Sole Dispositive Power
0
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||
10 Shared Dispositive Power
2,640,584 shares (See Item 2 below)
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||
11
|
Aggregate Amount Beneficially Owned by Each Reporting Person
2,640,584 shares (See Item 2 below)
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12
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Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions) [ ]
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13
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Percent of Class Represented by Amount in Row (11)
7.7%
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14
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Type of Reporting Person (See Instructions)
IN
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Transaction
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Date
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No. Shares
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Security
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Price
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Open market purchase
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4/8/2015
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100,000
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Common Stock
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$5.65
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Open market purchase
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4/9/2015
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45,000
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Common Stock
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$5.63
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Open market purchase
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4/10/2015
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84,200
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Common Stock
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$5.65
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Open market purchase
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4/13/2015
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45,000
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Common Stock
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$5.56
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Open market purchase
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4/14/2015
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92,300
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Common Stock
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$5.42
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Open market purchase
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4/15/2015
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75,400
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Common Stock
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$5.66
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Open market purchase
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4/17/2015
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32,207
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Common Stock
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$5.60
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Open market purchase
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4/20/2015
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16,352
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Common Stock
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$5.76
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Open market purchase
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4/30/2015
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78,650
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Common Stock
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$5.51
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Open market purchase
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5/1/2015
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47,000
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Common Stock
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$5.37
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Open market purchase
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5/4/2015
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46,000
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Common Stock
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$5.43
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Open market purchase
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5/5/2015
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400,200
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Common Stock
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$5.06
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Open market purchase
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5/7/2015
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6,000
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Common Stock
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$5.34
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Open market purchase
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5/12/2015
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30,900
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Common Stock
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$5.63
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Open market purchase
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5/14/2015
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15,000
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Common Stock
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$6.25
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Open market purchase
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5/15/2015
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30,600
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Common Stock
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$6.51
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Open market purchase
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5/18/2015
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15,000
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Common Stock
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$6.51
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Open market sale
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5/18/2015
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74,450
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Common Stock
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$6.17
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Open market purchase
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5/19/2015
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15,000
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Common Stock
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$6.43
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Open market purchase
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5/21/2015
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41,090
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Common Stock
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$6.28
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Open market sale
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5/27/2015
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266,910
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Common Stock
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$6.34
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Open market purchase
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5/27/2015
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18,221
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Common Stock
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$6.36
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Open market sale
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5/28/2015
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81,438
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Common Stock
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$6.32
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Open market purchase
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5/28/2015
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1,108
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Common Stock
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$6.60
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Open market purchase
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5/29/2015
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163,500
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Common Stock
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$7.24
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Open market purchase
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5/29/2015
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53,857
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Common Stock
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$7.26
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Open market purchase
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6/1/2015
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35,000
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Common Stock
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$7.23
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Open market purchase
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6/2/2015
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85,100
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Common Stock
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$7.11
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Open market purchase
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6/3/2015
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2,698
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Common Stock
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$7.29
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Open market purchase
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6/4/2015
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50,118
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Common Stock
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$7.62
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Open market purchase
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6/5/2015
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40,801
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Common Stock
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$7.80
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Open market purchase
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6/8/2015
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42,369
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Common Stock
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$7.76
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Transaction
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Date
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No. Underlying Shares
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Security
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Price Per Underlying Share
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Expiration Date
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Exercise Price
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Open market purchase
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5/28/2015
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58,500
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Option
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$1.68
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6/19/2015
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$5.00
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Open market purchase
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5/28/2015
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15,700
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Option
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$0.31
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6/19/2015
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$7.50
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Open market purchase
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5/28/2015
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77,800
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Option
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$0.95
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9/18/2015
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$7.50
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Open market purchase
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5/29/2015
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55,000
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Option
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$1.12
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9/18/2015
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$7.50
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PLEASANT LAKE PARTNERS LLC
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By: PLP MM LLC
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its Managing Member
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By: /s/ Jonathan Lennon
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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PLP MM LLC
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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PLEASANT LAKE ONSHORE GP LLC
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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PLEASANT LAKE OFFSHORE MASTER FUND L.P.
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By: Pleasant Lake Onshore GP LLC
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its General Partner
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Manager
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JONATHAN LENNON
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By: /s/ Jonathan Lennon
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Jonathan Lennon, Individually
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