IMAX CORP — Director's Dealing 2012

Jan 19, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2012-01-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-17	common shares	C	95185	$4.85	Acquired	296835	Direct
2012-01-17	common shares	S	95185	$20.73	Disposed	201650	Direct
2012-01-18	common shares	C	34000	$7.00	Acquired	235650	Direct
2012-01-18	common shares	S	34000	$20.77	Disposed	201650	Direct
2012-01-19	common shares	C	34000	$7.00	Acquired	235650	Direct
2012-01-19	common shares	S	34000	$21.05	Disposed	201650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-17	stock options (to buy)	$4.85	C	95185	Disposed	2012-04-23	common shares (95185)	Direct
2012-01-18	stock options (to buy)	$7.00	C	34000	Disposed	2012-06-05	common shares (34000)	Direct
2012-01-19	stock options (to buy)	$7.00	C	34000	Disposed	2012-06-05	common shares (34000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	201650	Direct
common shares	10050	Indirect
common shares	10050	Indirect
common shares	108750	Indirect

Footnotes

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

F2: 95,185 options scheduled to expire April 23, 2012 and 68,000 options scheduled to expire June 5, 2012 were exercised and shares sold pursuant to September 13, 2011 Amendment No. 1 to Rule 10b5-1 Sales Plan adopted on May 26, 2011. Mr. Gelfond's Rule 10b5-1 Sales Plan has terminated.