Kyo-Hwa Liz Chung - Aug 15, 2023 Form 4/A - Amendment Insider Report for MAGNACHIP SEMICONDUCTOR Corp (MX)

Role: Director
Signature: /s/ Theodore Kim, Attorney-in-Fact
Stock symbol: MX
Transactions as of: Aug 15, 2023
Transactions value $: -$46,516
Form type: 4/A - Amendment
Date filed: 8/21/2023, 06:30 AM
Date Of Original Report: Aug 17, 2023
Previous filing: Jun 5, 2023
Next filing: Jun 4, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MX	Common Stock	Disposed to Issuer	-$46.5K	-5.53K	-12.64%	$8.41	38.2K	Aug 15, 2023	Direct	F1

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

Explanation of Responses:

Id	Content
F1	This amendment is being filed to clarify the purpose of the transaction reported in the Form 4 filed by the Reporting Person on August 17, 2023. The subject transaction represents the forfeiture and cash settlement of 5,531 shares of common stock underlying an RSU award, originally awarded to the Reporting Person on August 15, 2022 and reported at that time as common stock in Table I, to satisfy the foreign tax obligation that accrued upon the vesting of 12,290 shares of common stock underlying such RSU award. The 5,531 shares of common stock underlying such award were cash settled at a price of $8.41 per share for an aggregate cash settlement of $46,515.71, 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 amendment is being filed to clarify the purpose of the transaction reported in the Form 4 filed by the Reporting Person on August 17, 2023. The subject transaction represents the forfeiture and cash settlement of 5,531 shares of common stock underlying an RSU award, originally awarded to the Reporting Person on August 15, 2022 and reported at that time as common stock in Table I, to satisfy the foreign tax obligation that accrued upon the vesting of 12,290 shares of common stock underlying such RSU award. The 5,531 shares of common stock underlying such award were cash settled at a price of $8.41 per share for an aggregate cash settlement of $46,515.71, which amount is approximately equal to (based on applicable foreign exchange rates), but does not exceed, the foreign tax obligation of the Reporting Person.