Magnachip Semiconductor Corp (MX): Pleasant Lake Partners Slightly Decreases Its Stake

1

Names of Reporting Persons.

I.R.S. Identification Nos. of above persons (entities only)

Pleasant Lake Partners LLC

2

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

3

SEC Use Only

4

Citizenship or Place of Organization.

Delaware

Number

of Shares

Beneficially

Owned by

Each

Reporting

Person With

0 shares

3,472,515 shares

Refer to Item 4 below.

0 shares

3,472,515 shares

Refer to Item 4 below.

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,472,515 shares

Refer to Item 4 below.

10

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ] N/A

11

Percent of Class Represented by Amount in Row (9)*

9.99%

Refer to Item 4 below.

12

Type of Reporting Person (See Instructions)

OO (Limited Liability Company)