Magnachip Semiconductor Corp (MX): Pleasant Lake Partners Seeks to Acquire the Company

1

Names of Reporting Persons.

Pleasant Lake Partners LLC

2

Check the Appropriate Box if a Member of a Group (See Instructions)

3

SEC Use Only

4

Source of Funds (See Instructions):

AF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e):

[ ]

6

Citizenship or Place of Organization.

Delaware

Number

of Shares

Beneficially

Owned by

Each

Reporting

Person With

0

3,530,515 shares

0

3,530,515 shares

11

Aggregate Amount Beneficially Owned by Each Reporting Person

3,530,515 shares

12

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)     [ ]

13

Percent of Class Represented by Amount in Row (11)

10.2%

14

Type of Reporting Person (See Instructions)

OO (Limited Liability Company)