IMAX CORP — Director's Dealing 2011

Jan 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2010-12-20

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-31	stock options (to buy)	$0.01	A	800000	Acquired	2020-12-31	common shares (800000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	226650	Direct
common shares	50000	Indirect
common shares	25050	Indirect
common shares	25050	Indirect
common shares	128750	Indirect

Footnotes

F1: The stock options were granted pursuant to Mr. Gelfond's employment renewal with IMAX Corporation.

F2: The options become exercisable in 5 equal installments of 160,000 on each of May 1, 2011; September 1, 2011; January 1, 2012; May 1, 2012 and September 1, 2012.