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: Colligan Megan (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-07	common shares	M	25270	$0.00	Acquired	102577	Direct
2023-03-07	common shares	M	7732	$0.00	Acquired	110309	Direct
2023-03-07	common shares	M	15241	$0.00	Acquired	125550	Direct
2023-03-07	common shares	M	14019	$0.00	Acquired	139569	Direct
2023-03-07	common shares	F	32728	$18.43	Disposed	106841	Direct
2023-03-07	common shares	A	26533	$0.00	Acquired	133374	Direct
2023-03-07	common shares	F	13940	$18.43	Disposed	119434	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-07	restricted share units	$0.00	M	25270	Disposed		common shares (25270)	Direct
2023-03-07	restricted share units	$0.00	M	7732	Disposed		common shares (7732)	Direct
2023-03-07	restricted share units	$0.00	M	15241	Disposed		common shares (15241)	Direct
2023-03-07	restricted share units	$0.00	M	14019	Disposed		common shares (14019)	Direct
2023-03-07	restricted share units	$0.00	A	40214	Acquired		common shares (40214)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	77307	Direct

Footnotes

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

F2: Ms. Colligan 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: Ms. Colligan 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: 25,269 on each of March 7, 2021 and March 7, 2022 and 25,270 on March 7, 2023.

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 equal installments on each of the first three anniversaries of the grant date.

F10: The restricted share units vest and will be converted to common shares in three installments: 14,019 on each of March 7, 2023 and March 7, 2024 and 14,020 on March 7, 2025.

F11: The restricted share units vest and will be converted to common shares in three installments: 13,404 on each of March 7, 2024 and March 7, 2025 and 13,406 on March 7, 2026.

F12: This represents the number of restricted share units for this transaction only. Ms. Colligan's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 124,573, 83,494 and 119,434, respectively.