IMAX CORP — Director's Dealing 2019

Mar 11, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2019-03-07

Reporting Person: WELTON MARK (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-07	common shares	M	4415	$0.00	Acquired	17781	Direct
2019-03-07	common shares	M	4334	$0.00	Acquired	22115	Direct
2019-03-07	common shares	M	7194	$0.00	Acquired	29309	Direct
2019-03-08	common shares	S	8639	$22.4313	Disposed	20670	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-07	restricted share units	$0.00	M	4415	Disposed		common shares (4415)	Direct
2019-03-07	restricted share units	$0.00	M	4334	Disposed		common shares (4334)	Direct
2019-03-07	restricted share units	$0.00	M	7194	Disposed		common shares (7194)	Direct
2019-03-07	stock options (to buy)	$22.49	A	49504	Acquired	2026-03-07	common shares (49504)	Direct
2019-03-07	restricted share units	$0.00	A	46687	Acquired		common shares (46687)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	13366	Direct

Footnotes

F1: Represents the conversion upon vesting of restricted share units into common shares.

F2: Mr. Welton is reporting the sale of common shares to satisfy the 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: 20% of the initial grant on the first anniversary of the grant date, 25% of the initial grant on each of the second and third anniversaries of the grant date and 30% of the initial grant on December 1 of the third year after the grant date.

F6: This represents the number of restricted share units or stock options for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 220,358; 90,295 and 20,670 respectively.

F7: The stock options will become exercisable in 4 installments: 9,900 on March 7, 2020; 12,376 on each of March 7, 2021 and March 7, 2022 and 14,852 on March 7, 2023.

F8: The restricted share units vest and will be converted to common shares in four installments 9,337 on March 7, 2020; 11,671 on each of March 7, 2021 and March 7, 2022 and 14,008 on December 1, 2022.