IMAX CORP — Director's Dealing 2010

Jan 22, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2010-01-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-01-20	common shares	C	10000	$2.88	Acquired	536650	Direct
2010-01-20	common shares	S	10000	$12.75	Disposed	526650	Direct
2010-01-21	common shares	C	10000	$2.88	Acquired	536650	Direct
2010-01-21	common shares	S	10000	$13.30	Disposed	526650	Direct
2010-01-22	common shares	C	10000	$2.88	Acquired	536650	Direct
2010-01-22	common shares	S	10000	$13.43	Disposed	626650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-01-20	stock options (to buy)	$2.88	C	10000	Disposed	2018-12-11	common shares (10000)	Direct
2010-01-21	stock options (to buy)	$2.88	C	10000	Disposed	2018-12-11	common shares (10000)	Direct
2010-01-22	stock options (to buy)	$2.88	C	10000	Disposed	2018-12-11	common shares (10000)	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: Exercise of stock options and sale of common shares pursuant to Rule 10b5-1 Plan adopted on November 16, 2009