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: PABLO CALAMERA (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2023-03-07	common shares	M	9478	$0.00	Acquired	26821	Direct
2023-03-07	common shares	M	3792	$0.00	Acquired	30613	Direct
2023-03-07	common shares	M	5686	$0.00	Acquired	36299	Direct
2023-03-07	common shares	M	6185	$0.00	Acquired	42484	Direct
2023-03-07	common shares	F	10357	$18.43	Disposed	32127	Direct
2023-03-07	common shares	A	16583	$0.00	Acquired	48710	Direct
2023-03-07	common shares	F	6907	$18.43	Disposed	41803	Direct
2023-03-07	common shares	S	7697	$18.32	Disposed	34106	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2023-03-07	restricted share units	$0.00	M	9478	Disposed		common shares (9478)	Direct
2023-03-07	restricted share units	$0.00	M	3792	Disposed		common shares (3792)	Direct
2023-03-07	restricted share units	$0.00	M	5686	Disposed		common shares (5686)	Direct
2023-03-07	restricted share units	$0.00	M	6185	Disposed		common shares (6185)	Direct
2023-03-07	restricted share units	$0.00	A	24128	Acquired		common shares (24128)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares (opening balance)	17343	Direct

Footnotes

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

F2: Mr. Calamera 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. Calamera 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: 9,476 on each of March 7, 2021 and March 7, 2022 and 9,478 on March 7, 2023.

F8: The restricted share units vest and will be converted to common shares in two installments: 3,791 shares on March 7, 2022 and 3,792 shares on March 7, 2023.

F9: The restricted share units vest and will be converted to common shares in three installments: 5,686 on each of March 7, 2022 and March 7, 2023 and 5,688 on March 7, 2024.

F10: The restricted share units vest and will be converted to common shares in three equal installments on each of first three anniversaries of the grant date.

F11: The restricted share units vest and will be converted to common shares in three installments: 8,042 on each of March 7, 2024 and March 7, 2025 and 8,044 on March 7, 2026.

F12: This represents the number of restricted share units for this transaction only. Mr. Calamera's aggregate remaining outstanding restricted share unit and common share balances following these transactions will be 42,186 and 34,106, respectively.