IMAX CORP — Director's Dealing 2021

Mar 10, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2021-03-07

Reporting Person: WELTON MARK (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-03-07	common shares	M	8993	$0.00	Acquired	34907	Direct
2021-03-07	common shares	M	11671	$0.00	Acquired	46578	Direct
2021-03-07	common shares	M	23584	$0.00	Acquired	70162	Direct
2021-03-07	common shares	F	23687	$24.59	Disposed	46475	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-03-07	restricted share units	$0.00	M	8993	Disposed		common shares (8993)	Direct
2021-03-07	restricted share units	$0.00	M	11671	Disposed		common shares (11671)	Direct
2021-03-07	restricted share units	$0.00	M	23584	Disposed		common shares (23584)	Direct
2021-03-07	restricted share units	$0.00	A	57881	Acquired		common shares (57881)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	25914	Direct

Footnotes

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

F2: Mr. Welton is reporting the withholding by IMAX Corporation of 23,687 common shares to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transactions.

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 on December 1, 2021.

F6: 11,671 of the restricted share units vest and will be converted to common shares in on March 7, 2022 and 14,008 on December 1, 2022.

F7: The restricted share units vest and will be converted to common shares in three equal installments on each of the first three anniversaries of the grant date.

F8: 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 131,835; 141,521 and 46,475, respectively.