Kyo-Hwa Liz Chung - May 27, 2022 Form 4 Insider Report for MAGNACHIP SEMICONDUCTOR Corp (MX)

Role: Director
Signature: /s/ Theodore Kim, Attorney-in-Fact
Stock symbol: MX
Transactions as of: May 27, 2022
Transactions value $: -$125,234
Form type: 4
Date filed: 6/1/2022, 04:05 PM
Previous filing: Jan 19, 2022
Next filing: Aug 17, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MX	Common Stock	Disposed to Issuer	-$125K	-6.37K	-27.06%	$19.66	17.2K	May 27, 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	This transaction represents the cash settlement of 6,370 shares of common stock underlying an RSU award granted to the Reporting Person on July 16, 2020 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. 6,370 shares were cash settled at a price of $19.66 per share for an aggregate cash settlement of $125,234.20, which amount is approximately equal to (based on applicable foreign exchange rates), but does not exceed, the foreign tax obligation of the Reporting Person.

Content

This transaction represents the cash settlement of 6,370 shares of common stock underlying an RSU award granted to the Reporting Person on July 16, 2020 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. 6,370 shares were cash settled at a price of $19.66 per share for an aggregate cash settlement of $125,234.20, which amount is approximately equal to (based on applicable foreign exchange rates), but does not exceed, the foreign tax obligation of the Reporting Person.