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IMAX CORP Director's Dealing 2012

Jul 10, 2012

31800_dirs_2012-07-09_65269ba6-d6da-4ed2-9605-0db6419f1360.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2012-07-05

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)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-07-05 Put Option (obligation to buy) $23 S 800 Disposed 2012-08-18 Common Stock (80000) Direct
2012-07-05 Put Option (obligation to buy) $23 S 660 Disposed 2012-08-18 Common Stock (66000) Indirect
2012-07-05 Put Option (obligation to buy) $23 S 340 Disposed 2012-08-18 Common Stock (34000) Indirect
2012-07-05 Put Option (obligation to buy) $23 S 200 Disposed 2012-08-18 Common Stock (20000) 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