IMAX CORP — Director's Dealing 2010

Dec 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2010-12-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-14	common shares	M	80000	—	Acquired	306650	Direct
2010-12-14	common shares	D	80000	$26.09	Disposed	226650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-14	phantom stock	$	M	80000	Disposed		common shares (80000)	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: Each unit of phantom stock was the economic equivalent of one common share of IMAX Corporation. On December 14, 2010, 80,000 of Mr. Gelond's phantom stock was settled for cash.

F2: The phantom stock became exercisable in two installments, 20,000 on July 1, 2001 and 60,000 on July 1, 2002.

F3: No expiry.