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: Weissman Kenneth Ian (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-07	common shares	M	3369	$0.00	Acquired	21322	Direct
2023-03-07	common shares	M	1453	$0.00	Acquired	22775	Direct
2023-03-07	common shares	M	1706	$0.00	Acquired	24481	Direct
2023-03-07	common shares	M	562	$0.00	Acquired	25043	Direct
2023-03-07	common shares	M	2474	$0.00	Acquired	27517	Direct
2023-03-07	common shares	F	3729	$18.43	Disposed	23788	Direct
2023-03-07	common shares	A	5895	$0.00	Acquired	29683	Direct
2023-03-07	common shares	F	2417	$18.43	Disposed	27266	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-07	restricted share units	$0.00	M	3369	Disposed		common shares (3369)	Direct
2023-03-07	restricted share units	$0.00	M	1453	Disposed		common shares (1453)	Direct
2023-03-07	restricted share units	$0.00	M	1706	Disposed		common shares (1706)	Direct
2023-03-07	restricted share units	$0.00	M	562	Disposed		common shares (562)	Direct
2023-03-07	restricted share units	$0.00	M	2474	Disposed		common shares (2474)	Direct
2023-03-07	restricted share units	$0.00	A	10857	Acquired		common shares (10857)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	17953	Direct

Footnotes

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

F2: Mr. Weissman 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. Weissman 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 equal installments on each of the first three anniversaries of the grant date.

F8: The restricted share units vest and will be converted to common shares in two equal installments on each of the first two anniversaries of the grant date.

F9: The restricted share units vest and will be converted to common shares in three installments: 562 on each of March 7, 2022 and March 7, 2023 and 582 on March 7, 2024.

F10: This represents the number of restricted share units for this transaction only. Mr. Weissman's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 16,884, 18,093 and 27,266, respectively. The number of outstanding options reflects the expiration of options to purchase 3,501 common shares on March 7, 2023. Mr. Weissman 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).