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IMAX CORP — Director's Dealing 2024
Mar 11, 2024
31800_dirs_2024-03-11_b43b724a-bb3a-4ed0-a6ce-ef13094ea1f7.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: IMAX CORP (IMAX)
CIK: 0000921582
Period of Report: 2024-03-07
Reporting Person: Dolci Giovanni M. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-07 | common shares | M | 2276 | $0.00 | Acquired | 25894 | Direct |
| 2024-03-07 | common shares | M | 3711 | $0.00 | Acquired | 29605 | Direct |
| 2024-03-07 | common shares | M | 2680 | $0.00 | Acquired | 32285 | Direct |
| 2024-03-07 | common shares | F | 4075 | $16.80 | Disposed | 28210 | Direct |
| 2024-03-07 | common shares | A | 3979 | $0.00 | Acquired | 32189 | Direct |
| 2024-03-07 | common shares | F | 1871 | $16.80 | Disposed | 30318 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-07 | restricted share units | $0.00 | M | 2276 | Disposed | common shares (2276) | Direct | |
| 2024-03-07 | restricted share units | $0.00 | M | 3711 | Disposed | common shares (3711) | Direct | |
| 2024-03-07 | restricted share units | $0.00 | M | 2680 | Disposed | common shares (2680) | Direct | |
| 2024-03-07 | restricted share units | $0.00 | A | 13337 | Acquired | common shares (13337) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| common shares (opening balance) | 23618 | Direct |
Footnotes
F1: Represents the conversion upon vesting of restricted share units into common shares.
F2: Mr. Dolci 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, 2021. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.
F4: Mr. Dolci 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: 2,274 on each of March 7, 2022 and March 7, 2023 and 2,276 on March 7, 2024.
F8: 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.
F9: The restricted share units vest and will be converted to common shares in three installments: 2,680 on each of March 7, 2024 and March 7, 2025 and 2,682 on March 7, 2026.
F10: The restricted share units vest and will be converted to common shares in three installments: 4,445 on March 7, 2025 and 4,446 on each of March 7, 2026 and March 7, 2027.
F11: This represents the number of restricted share units for this transaction only. Mr. Dolci's aggregate remaining outstanding options, restricted share unit and common share balances following these transactions will be 6,188, 22,410 and 30,318, respectively.