IMAX CORP — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2011-02-25

Reporting Person: FOSTER GREG (Chairman&Pres Filmed Entertain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	common shares	M	50000	$6.86	Acquired	76000	Direct
2011-02-25	common shares	D	50000	$26.67	Disposed	26000	Direct
2011-02-25	common shares	C	17500	$3.41	Acquired	43500	Direct
2011-02-25	common shares	S	17500	$26.68	Disposed	26000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	stock appreciation rights	$6.86	M	50000	Disposed	2017-12-31	common shares (50000)	Direct
2011-02-25	options (to buy)	$3.41	C	17500	Disposed	2011-03-19	common shares (17500)	Direct

Footnotes

F1: The common shares were acquired pursuant to the exercise of stock options that had an expiration date of March 19, 2011.