IMAX CORP — Director's Dealing 2010

May 4, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2010-04-30

Reporting Person: LISTER ROBERT D (Sr Exec VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-30	common shares	M	15000	$6.86	Acquired	24000	Direct
2010-04-30	common shares	M	45000	$6.86	Acquired	69000	Direct
2010-04-30	common shares	D	60000	$18.98	Disposed	9000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-30	stock appreciation rights	$6.86	M	15000	Disposed	2017-12-31	common shares (15000)	Direct
2010-04-30	stock appreciation rights	$6.86	M	45000	Disposed	2017-12-31	common shares (45000)	Direct

Footnotes

F1: The stock appreciation rights became exercisable in two installments: 6,000 on December 31, 2008 and 9,000 on December 31, 2009.