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: Tu Denny (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-07	common shares	M	4212	$0.00	Acquired	13633	Direct
2023-03-07	common shares	M	1006	$0.00	Acquired	14639	Direct
2023-03-07	common shares	M	3505	$0.00	Acquired	18144	Direct
2023-03-07	common shares	M	3412	$0.00	Acquired	21556	Direct
2023-03-07	common shares	M	4948	$0.00	Acquired	26504	Direct
2023-03-07	common shares	F	6171	$18.43	Disposed	20333	Direct
2023-03-07	common shares	A	9127	$0.00	Acquired	29460	Direct
2023-03-07	common shares	F	3417	$18.43	Disposed	26043	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-07	restricted share units	$0.00	M	4212	Disposed		common shares (4212)	Direct
2023-03-07	restricted share units	$0.00	M	1006	Disposed		common shares (1006)	Direct
2023-03-07	restricted share units	$0.00	M	3505	Disposed		common shares (3505)	Direct
2023-03-07	restricted share units	$0.00	M	3412	Disposed		common shares (3412)	Direct
2023-03-07	restricted share units	$0.00	M	4948	Disposed		common shares (4948)	Direct
2023-03-07	restricted share units	$0.00	A	14075	Acquired		common shares (14075)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	9421	Direct

Footnotes

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

F2: Mr. Tu 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. Tu 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: 4,211 on each of March 7, 2021 and March 7, 2022 and 4,212 on March 7, 2023.

F8: The restricted share units vest and will be converted to common shares in three installments: 1,005 on each of March 7, 2021 and March 7, 2022 and 1,006 on March 7, 2023.

F9: 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.

F10: 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.

F11: The restricted share units vest and will be converted to common shares in three installments: 4,691 on each of March 7, 2023 and March 7, 2024 and 4,693 on March 7, 2024.

F12: This represents the number of restricted share units for this transaction only. Mr. Tu's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 14,754, 27,383 and 26,043, respectively.