IMAX CORP — Director's Dealing 2020

Mar 10, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2020-03-07

Reporting Person: WELTON MARK (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-07	common shares	M	4334	$0.00	Acquired	12471	Direct
2020-03-07	common shares	M	8993	$0.00	Acquired	21464	Direct
2020-03-07	common shares	M	9337	$0.00	Acquired	30801	Direct
2020-03-09	common shares	S	12302	$14.1817	Disposed	18499	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-07	restricted share units	$0.00	M	4334	Disposed		common shares (4334)	Direct
2020-03-07	restricted share units	$0.00	M	8993	Disposed		common shares (8993)	Direct
2020-03-07	restricted share units	$0.00	M	9337	Disposed		common shares (9337)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	8137	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 for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 149,524; 62,333 and 18,499, respectively.