IMAX CORP — Director's Dealing 2021

Jan 6, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2021-01-02

Reporting Person: GELFOND RICHARD L (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-02	common shares	M	44715	$0.00	Acquired	341707	Direct
2021-01-02	common shares	F	17617	$18.02	Disposed	324090	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-01-02	restricted share units	$0.00	M	44715	Disposed		common shares (44715)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	296992	Direct

Footnotes

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

F2: Mr. Gelfond is reporting the withholding by IMAX Corporation of 17,617 common shares to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transaction.

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 are converted to common shares in three installments: 44,715 on each of January 2, 2021 and January 2, 2022 and 44,716 on January 2, 2023.

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; 89,431 and 324,090, respectively.