IMAX CORP — Director's Dealing 2011

Feb 4, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-02	common shares	M	75000	$6.86	Acquired	301650	Direct
2011-02-02	common shares	D	75000	$26.82	Disposed	226650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-02	stock appreciation rights	$6.86	M	75000	Disposed	2017-12-31	common shares (75000)	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: Pursuant to the Stock Appreciation Rights Automatic Exercise Plan adopted on December 21, 2010, 75,000 stock appreciation rights granted on December 31, 2007 were exercised. Mr. Gelfond's SARs exercise plan is scheduled to terminate on June 30, 2011.