IMAX CORP — Director's Dealing 2011

May 23, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2011-05-19

Reporting Person: UTAY MARC A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-19	common shares	C	8000	$5.50	Acquired	541131	Direct
2011-05-19	common shares	S	8000	$36.73	Disposed	533131	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-19	stock options to buy	$5.50	C	8000	Disposed	2011-06-04	common shares (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	45000	Indirect

Footnotes

F1: The common shares were acquired pursuant to the exercise of stock options that had an expiration date of June 4, 2011.