IMAX CORP — Director's Dealing 2010

Feb 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2010-02-02

Reporting Person: GELFOND RICHARD L (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-02	common shares	S	10000	$13.52	Disposed	516650	Direct
2010-02-03	common shares	M	30000	$4.34	Acquired	546650	Direct
2010-02-03	common shares	D	30000	$13.32	Disposed	516650	Direct
2010-02-03	common shares	S	10000	$13.34	Disposed	506650	Direct
2010-02-04	common shares	S	10000	$12.49	Disposed	496650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-03	Stock Appreciation Rights	$4.34	M	30000	Disposed	2017-02-15	common shares (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	50000	Indirect
common shares	25050	Indirect
common shares	25050	Indirect
common shares	128750	Indirect

Footnotes

F1: Sale of common shares pursuant to Rule 10b5-1 Plan adopted on November 16, 2009

F2: Exercise of stock appreciation rights pursuant to Stock Appreciation Rights Automatic Exercise Plan adopted on November 16, 2009.