SEC Form 4 
FORM 4	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
or Section 30(h) of the Investment Company Act of 1940 	  
OMB APPROVAL
OMB Number:	3235-0287	
Estimated average burden	
hours per response:	0.5	

	
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).			
1. Name and Address of Reporting Person*
BRIGADE CAPITAL MANAGEMENT, LP	

(Last)	(First)	(Middle)	
399 PARK AVENUE	
16TH FLOOR	

(Street) 
NEW YORK	NY	10022	

(City)	(State)	(Zip)	
	2. Issuer Name and Ticker or Trading Symbol 
MAGNACHIP SEMICONDUCTOR Corp [ MX ] 	5. Relationship of Reporting Person(s) to Issuer 
(Check all applicable) 
	Director	X	10% Owner	
	Officer (give title below)		Other (specify below)	

	3. Date of Earliest Transaction (Month/Day/Year)
12/13/2018 		
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) 
	Form filed by One Reporting Person	
X	Form filed by More than One Reporting Person	
	
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned	
1. Title of Security (Instr. 3) 	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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, par value $.01 per share	12/13/2018		P		15,000	A	$7.05 	3,111,935	I	See Footnote(1) 	
Common Stock, par value $.01 per share	12/13/2018		P		200,000	A	$6.9 	3,155,706	D(2) 		
Common Stock, par value $.01 per share	12/13/2018		P		300,000	A	$7.07 	3,455,706	D(2) 		
Common Stock, par value $.01 per share								3,611,935	I	See Footnote(3) 	
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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)	7. Title and Amount of Securities Underlying Derivative Security (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: 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					
1. Name and Address of Reporting Person*
BRIGADE CAPITAL MANAGEMENT, LP	

(Last)	(First)	(Middle)	
399 PARK AVENUE	
16TH FLOOR	

(Street) 
NEW YORK	NY	10022	

(City)	(State)	(Zip)	
	
1. Name and Address of Reporting Person*
MORGAN DONALD E III	

(Last)	(First)	(Middle)	
C/O BRIGADE CAPITAL MANAGEMENT, LP	
399 PARK AVENUE, 16TH FLOOR	

(Street) 
NEW YORK	NY	10022	

(City)	(State)	(Zip)	
	
1. Name and Address of Reporting Person*
Brigade Capital Management GP, LLC	

(Last)	(First)	(Middle)	
399 PARK AVENUE	
16TH FLOOR	

(Street) 
NEW YORK	NY	10022	

(City)	(State)	(Zip)	
	
1. Name and Address of Reporting Person*
Brigade Leveraged Capital Structures Offshore Ltd	

(Last)	(First)	(Middle)	
INTERTRUST CORP SERVICES (CAYMAN) LTD	
190 ELGIN AVENUE, GEORGE TOWN	

(Street) 
GRAND CAYMAN	E9	KY1-9005	

(City)	(State)	(Zip)	
	
Explanation of Responses:	
1. The reported securities are directly owned by private fund clients of Brigade Capital Management, LP. The reported securities may be deemed beneficially owned by Brigade Capital Management, LP, the investment manager of such private fund clients, Brigade Capital Management GP, LLC, the general partner of Brigade Capital Management, LP, and Donald E. Morgan, III, the managing member of Brigade Capital Management GP, LLC, each a Reporting Person. Brigade Capital Management, LP, Brigade Capital Management GP, LLC and Mr. Morgan each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that each Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.	
2. The reported securities are directly owned by Brigade Leveraged Capital Structures Fund Ltd.	
3. The reported securities are directly owned by Brigade Leveraged Capital Structures Fund Ltd. and by certain private fund clients of Brigade Capital Management, LP. The reported securities may be deemed beneficially owned by Brigade Capital Management, LP, the investment manager of such private fund clients, Brigade Capital Management GP, LLC, the general partner of Brigade Capital Management, LP, and Donald E. Morgan, III, the managing member of Brigade Capital Management GP, LLC, each a Reporting Person. Brigade Capital Management, LP, Brigade Capital Management GP, LLC and Mr. Morgan each disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein, and this report shall not be deemed to be an admission that each Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.	
	Brigade Capital Management, LP, /s/ Donald E. Morgan, III, Managing Member of its General Partner	12/17/2018	
	/s/ Donald E. Morgan, III	12/17/2018	
	Brigade Capital Management GP, LLC, /s/ Donald E. Morgan, III, Managing Member	12/17/2018	
	Brigade Leveraged Capital Structures Fund Ltd., By: /s/ Donald E. Morgan, III, Director	12/17/2018	
	** Signature of Reporting Person	Date	
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.	
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).	
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).	
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.	
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.