IMAX CORP — Director's Dealing 2023

Mar 9, 2023

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2023-03-07

Reporting Person: WELTON MARK (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-07	common shares	M	23586	$0.00	Acquired	87809	Direct
2023-03-07	common shares	M	6841	$0.00	Acquired	94650	Direct
2023-03-07	common shares	M	14733	$0.00	Acquired	109383	Direct
2023-03-07	common shares	M	11957	$0.00	Acquired	121340	Direct
2023-03-07	common shares	F	30576	$18.43	Disposed	90764	Direct
2023-03-07	common shares	A	24764	$0.00	Acquired	115528	Direct
2023-03-07	common shares	F	13257	$18.43	Disposed	102271	Direct
2023-03-07	common shares	S	20000	$18.3488	Disposed	82271	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-07	restricted share units	$0.00	M	23586	Disposed		common shares (23586)	Direct
2023-03-07	restricted share units	$0.00	M	6841	Disposed		common shares (6841)	Direct
2023-03-07	restricted share units	$0.00	M	14733	Disposed		common shares (14733)	Direct
2023-03-07	restricted share units	$0.00	M	11957	Disposed		common shares (11957)	Direct
2023-03-07	restricted share units	$0.00	A	38873	Acquired		common shares (38873)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	64223	Direct

Footnotes

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

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

F3: Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2020. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.

F4: Mr. Welton is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the performance share unit transactions.

F5: Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.

F6: Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.

F7: The restricted share units vest and will be converted to common shares in three installments: 23,584 on each of March 7, 2021 and March 7, 2022 and 23,586 on March 7, 2023.

F8: The restricted share units vest and will be converted to common shares in two installments: 6,840 on March 7, 2022 and 6,841 shares on March 7, 2023.

F9: The restricted share units vest and will be converted to common shares in three installments: 14,733 on each of March 7, 2022 and March 7, 2023 and 14,734 on March 7, 2024.

F10: The restricted share units vest and will be converted to common shares in three installments: 11,957 on each of March 7, 2023 and March 7, 2024 and 11,959 on March 7, 2025.

F11: The restricted share units vest and will be converted to common shares in three installments: 12,957 on each of March 7, 2024 and March 7, 2025 and 12,959 on March 7, 2026.

F12: 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 109,956 , 77,523 and 82,271, respectively. The number of outstanding options reflects the expiration of options to purchase 21,879 common shares on March 7, 2023. Mr. Welton did not receive any value in connection with such expiration; therefore, such expiration is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under Rule 16b-6(d).