IMAX CORP — Director's Dealing 2011

Dec 22, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2011-12-19

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-19	common shares	C	80720	$4.85	Acquired	282370	Direct
2011-12-19	common shares	S	80720	$20.23	Disposed	201650	Direct
2011-12-20	common shares	C	96095	$4.85	Acquired	297745	Direct
2011-12-20	common shares	S	96095	$20.14	Disposed	201650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-19	stock options (to buy)	$4.85	C	80720	Disposed	2012-04-23	common shares (80720)	Direct
2011-12-20	stock options (to buy)	$4.85	C	96095	Disposed	2012-04-23	common shares (96095)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	10050	Indirect
common shares	10050	Indirect
common shares	108750	Indirect

Footnotes

F1: 6,000 stock options became exercisable on July 1, 2002 and 74,720 stock options became exercisable on July 1, 2003.

F2: 176,815 options scheduled to expire April 23, 2012 were exercised and shares sold pursuant to September 13, 2011 Amendment No. 1 to Rule 10b5-1 Sales Plan adopted on May 26, 2011. Mr. Gelfond's Sales Plan is scheduled to terminate on January 19, 2012.