IMAX CORP — Director's Dealing 2012

Jul 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2012-07-20

Reporting Person: DOUGLAS KEVIN (10% Owner, 13(d)(3) group)
Reporting Person: DOUGLAS FAMILY TRUST (10% Owner, 13(d)(3) group)
Reporting Person: JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST (10% Owner, 13(d)(3) group)
Reporting Person: DOUGLAS JAMES E III (10% Owner, 13(d)(3) group)
Reporting Person: KGD 2010 ANNUITY TRUST III (10% Owner, 13(d)(3) group)
Reporting Person: MMD 2010 ANNUITY TRUST III (10% Owner, 13(d)(3) group)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-20	Common Stock	P	40000	$24.40	Acquired	3071212	Direct
2012-07-20	Common Stock	P	33000	$24.40	Acquired	2320441	Indirect
2012-07-20	Common Stock	P	17000	$24.40	Acquired	1665989	Indirect
2012-07-20	Common Stock	P	10000	$24.40	Acquired	843645	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-21	Put Option (obligation to buy)	$23	E	1200	Disposed	2012-07-21	Common Stock (120000)	Direct
2012-07-21	Put Option (obligation to buy)	$23	E	990	Disposed	2012-07-21	Common Stock (99000)	Indirect
2012-07-21	Put Option (obligation to buy)	$23	E	510	Disposed	2012-07-21	Common Stock (51000)	Indirect
2012-07-21	Put Option (obligation to buy)	$23	E	300	Disposed	2012-07-21	Common Stock (30000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	267580	Indirect
Common Stock	267580	Indirect

Footnotes

F1: These securities are held directly and jointly by Kevin Douglas and his wife, Michelle Douglas.

F2: Each of the reporting persons hereunder (individually, a "Reporting Person" and collectively the "Reporting Persons") may be deemed a member of a "group" within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") or Rule 13d-5 promulgated under the Exchange Act, with one or more of the other Reporting Persons. Although the Reporting Persons are reporting such securities as if they were members of a "group", the filing of this Form 4 shall not be deemed an admission by any Reporting Person that such Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person.

F3: These securities are held directly by the James Douglas and Jean Douglas Irrevocable Descendants' Trust and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the James Douglas and Jean Douglas Irrevocable Descendants' Trust.

F4: These securities are held directly by the Douglas Family Trust and indirectly by Kevin Douglas. James E. Douglas and Jean A. Douglas, husband and wife, are each a co-trustee of the Douglas Family Trust.

F5: These securities are held directly by James E. Douglas III and indirectly by Kevin Douglas

F6: These securities are held by the KGD 2010 Annuity Trust III, a grantor-retained annuity trust of which Kevin Douglas is the sole trustee, and indirectly by Kevin Douglas.

F7: These securities are held by the MMD 2010 Annuity Trust III, a grantor-retained annuity trust of which Michelle Douglas is the sole trustee, and indirectly by Michelle Douglas and Kevin Douglas.