IMAX CORP — Director's Dealing 2016

Mar 9, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2016-03-07

Reporting Person: Cripps Andrew (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-07	common shares	M	521	$0.00	Acquired	1309	Direct
2016-03-07	common shares	M	584	$0.00	Acquired	1893	Direct
2016-03-07	common shares	M	443	$0.00	Acquired	2336	Direct
2016-03-08	common shares	S	947	$31.29	Disposed	1389	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-07	restricted share units	$	A	17661	Acquired	2019-12-01	common shares (17661)	Direct
2016-03-07	stock options (to buy)	$31.85	A	21879	Acquired	2023-03-07	common shares (21879)	Direct
2016-03-07	restricted share units	$0.00	M	521	Disposed	2016-12-01	common shares (521)	Direct
2016-03-07	restricted share units	$0.00	M	584	Disposed	2017-12-01	common shares (584)	Direct
2016-03-07	restricted share units	$0.00	M	443	Disposed	2018-12-01	common shares (443)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	788	Direct

Footnotes

F1: Represents the conversion upon vesting of restricted share units into common shares. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.

F2: Mr. Cripps is reporting the sale of 947 common shares to satisfy his tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit

F3: Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.

F4: Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.

F5: The restricted share units vest and will be converted to common shares in four installments 3,533 on March 7, 2017; 4,415 on each of March 7, 2018 and March 7, 2019 and 5,298 on December 1, 2019.

F6: The stock options become exercisable in four installments: 4,376 on March 7, 2017, 5,470 on each of March 7, 2018 and March 7, 2019 and 6,563 on March 7, 2020.

F7: This represents the number of restricted share units for this transaction only. Mr. Cripps's aggregate remaining outstanding option, restricted share unit and common share balances following today's transactions will be 346,879; 21,347 and 1,389 respectively.