IMAX CORP — Director's Dealing 2020

Jan 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2019-12-31

Reporting Person: GELFOND RICHARD L (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-12-31	common shares	M	21761	$0.00	Acquired	283530	Direct
2019-12-31	common shares	F	11538	$20.43	Disposed	271992	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-12-31	restricted share units	$0.00	M	21761	Disposed		common shares (21761)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	261769	Direct

Footnotes

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

F2: Mr. Gelfond is reporting the withholding 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 vested and converted to common shares in seven installments: 65,280 on January 1, 2018 and 21,761 on each of May 1, 2018, September 1, 2018, December 31, 2018, May 1, 2019, September 1, 2019 and December 31, 2019.

F6: This represents the number of restricted share units for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 3,396,343; 0 and 271,992, respectively.