Sec Form 4 Filing - Chung Kyo-Hwa Liz @ MAGNACHIP SEMICONDUCTOR Corp - 2022-08-31

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Chung Kyo-Hwa Liz
2. Issuer Name and Ticker or Trading Symbol
MAGNACHIP SEMICONDUCTOR Corp [ MX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
C/O MAGNACHIP SEMICONDUCTOR, LTD., 501, TEHERAN-RO, GANGNAM-GU
3. Date of Earliest Transaction (MM/DD/YY)
08/31/2022
(Street)
SEOUL, REPUBLIC OF KOREA,, M506168
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/31/2022 D 4,069( 1 ) D $ 11.7 25,391 D
Common Stock 08/31/2022 D 155( 2 ) D $ 11.7 25,236 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chung Kyo-Hwa Liz
C/O MAGNACHIP SEMICONDUCTOR, LTD.
501, TEHERAN-RO, GANGNAM-GU
SEOUL, REPUBLIC OF KOREA,, M506168
X
Signatures
/s/ Theodore Kim, Attorney-in-Fact 09/01/2022
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This transaction represents the cash settlement of 4,069 shares of common stock underlying an RSU award granted to the Reporting Person on August 31, 2021 and reported at that time as common stock in Table I. The Board amended the RSU award on May 27, 2022 to allow for a limited cash settlement of such number of shares of common stock having a fair market value equal to, but not to exceed, the foreign tax obligation incurred by the Reporting Person upon vesting of the RSUs. 4,069 shares were cash settled at a price of $11.70 per share for an aggregate cash settlement of $47,607.30, which amount is approximately equal to (based on applicable foreign exchange rates), but does not exceed, the foreign tax obligation of the Reporting Person.
( 2 )This transaction represents the cash settlement of 155 shares of common stock underlying an RSU award granted to the Reporting Person on January 18, 2022 and reported at that time as common stock in Table I. The Board amended the RSU award on May 27, 2022 to allow for a limited cash settlement of such number of shares of common stock having a fair market value equal to, but not to exceed, the foreign tax obligation incurred by the Reporting Person upon vesting of the RSUs. 155 shares were cash settled at a price of $11.70 per share for an aggregate cash settlement of $1,813.50, which amount is approximately equal to (based on applicable foreign exchange rates), but does not exceed, the foreign tax obligation of the Reporting Person.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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