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IMAX CORP — Director's Dealing 2025
Mar 11, 2025
31800_dirs_2025-03-11_c42293ab-4341-4f16-9856-6f589bc62ebb.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: 2025-03-07
Reporting Person: WELTON MARK (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-03-07 | common shares | M | 11959 | $0.00 | Acquired | 123274 | Direct |
| 2025-03-07 | common shares | M | 12957 | $0.00 | Acquired | 136231 | Direct |
| 2025-03-07 | common shares | M | 14325 | $0.00 | Acquired | 150556 | Direct |
| 2025-03-07 | common shares | F | 21007 | $25.26 | Disposed | 129549 | Direct |
| 2025-03-07 | common shares | A | 37665 | $0.00 | Acquired | 167214 | Direct |
| 2025-03-07 | common shares | A | 13499 | $0.00 | Acquired | 180713 | Direct |
| 2025-03-07 | common shares | F | 27390 | $25.26 | Disposed | 153323 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-03-07 | restricted share units | $0.00 | M | 11959 | Disposed | common shares (11959) | Direct | |
| 2025-03-07 | restricted share units | $0.00 | M | 12957 | Disposed | common shares (12957) | Direct | |
| 2025-03-07 | restricted share units | $0.00 | M | 14325 | Disposed | common shares (14325) | Direct | |
| 2025-03-07 | restricted share units | $0.00 | A | 29000 | Acquired | common shares (29000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| common shares (opening balance) | 111315 | Direct |
Footnotes
F1: Represents the conversion upon vesting of restricted share units into common shares.
F2: Mr. Welton 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, 2022. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.
F4: Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2022. The shares earned are based on the level of achievement on the TSR performance conditions over the three year performance period.
F5: Mr. Welton 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 stock unit transactions.
F6: Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
F7: Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
F8: The restricted share units vest and will be converted to common shares in three installments: 11,957 on each of March 7, 2023 and March 7, 2024 and 11,959 on March 7, 2025.
F9: The restricted share units vest and will be converted to common shares in three installments: 12,957 on each of March 7, 2024 and March 7, 2025 and 12,959 on March 7, 2026.
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: 9,666 on each of March 7, 2026 and March 7, 2027 and 9,668 on March 7, 2028.
F12: This represents the number of restricted share units for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 49,504, 70,609 and 153,323, respectively.