IMAX CORP — Director's Dealing 2010

May 18, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2010-05-14

Reporting Person: MACNEIL EDWARD (Sr Vice President, Finance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-14	common shares	C	4000	$6.86	Acquired	4000	Direct
2010-05-14	common shares	S	4000	$19.16	Disposed	0	Direct
2010-05-17	common shares	C	500	$6.86	Acquired	500	Direct
2010-05-17	common shares	C	2500	$5.59	Acquired	3000	Direct
2010-05-17	common shares	S	3000	$19.60	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-14	stock options to buy	$6.86	C	4000	Disposed	2014-12-31	common shares (4000)	Direct
2010-05-17	stock options to buy	$6.86	C	500	Disposed	2014-12-31	common shares (500)	Direct
2010-05-17	stock options (to buy)	$5.59	C	2500	Disposed	2011-06-24	common shares (2500)	Direct

Footnotes

F1: The options became exercisable in two installments: 750 on December 31, 2008 and 3,250 on December 31, 2009.

F2: The options became exercisable in two installments: 1,000 on June 24, 2005 and 1,500 on June 24, 2006.