IMAX CORP — Director's Dealing 2012

Jan 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2012-01-25

Reporting Person: WECHSLER BRADLEY J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-25	common shares	C	18000	$4.85	Acquired	106300	Direct
2012-01-25	common shares	S	18000	$21.03	Disposed	88300	Direct
2012-01-26	common shares	C	18000	$4.85	Acquired	106300	Direct
2012-01-26	common shares	S	18000	$21.04	Disposed	88300	Direct
2012-01-27	common shares	C	18000	$4.85	Acquired	106300	Direct
2012-01-27	common shares	S	18000	$20.80	Disposed	88300	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-25	stock options (to buy)	$4.85	C	18000	Disposed	2012-04-23	common shares (18000)	Direct
2012-01-26	stock options (to buy)	$4.85	C	18000	Disposed	2012-04-23	common shares (18000)	Direct
2012-01-27	stock options (to buy)	$4.85	C	18000	Disposed	2012-04-23	common shares (18000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	88300	Direct
common shares	150000	Indirect
common shares	275000	Indirect

Footnotes

F1: The transactions reported on this form do not change Mr. Wechsler's common share holdings.

F2: Stock options scheduled to expire on April 23, 2012 were exercised and sold as common shares pursuant to Rule 10b5-1 Sales Plan adopted on November 4, 2011. Mr. Wechsler's 10b5-1 Sales Plan is scheduled to terminate on May 18, 2012.