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IMAX CORP — Director's Dealing 2025
Jan 6, 2025
31800_dirs_2025-01-06_4417d2ea-0321-4455-ac17-323eb073204d.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: 2025-01-02
Reporting Person: GELFOND RICHARD L (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2025-01-02 | common shares | M | 51383 | $0.00 | Acquired | 576992 | Direct |
| 2025-01-02 | common shares | F | 28415 | $25.11 | Disposed | 548577 | Direct |
| 2025-01-02 | common shares | M | 62528 | $0.00 | Acquired | 611105 | Direct |
| 2025-01-02 | common shares | F | 34957 | $25.11 | Disposed | 576148 | Direct |
| 2025-01-02 | common shares | M | 61192 | $0.00 | Acquired | 637340 | Direct |
| 2025-01-02 | common shares | F | 33840 | $25.11 | Disposed | 603500 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2025-01-02 | restricted share units | $0.00 | M | 51383 | Disposed | common shares (51383) | Direct | |
| 2025-01-02 | restricted share units | $0.00 | M | 62528 | Disposed | common shares (62528) | Direct | |
| 2025-01-02 | restricted share units | $0.00 | M | 61192 | Disposed | common shares (61192) | Direct | |
| 2025-01-02 | restricted share units | $0.00 | A | 109518 | Disposed | common shares (109518) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| common shares (opening balance) | 525609 | Direct |
Footnotes
F1: Represents the conversion of vested restricted share units into common shares.
F2: Mr. Gelfond is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligation in connection with the delivery of common shares upon conversion of the restricted share unit transaction.
F3: Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
F4: Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
F5: The restricted share units vested and converted to common shares on January 2, 2025.
F6: This represents the number of restricted share units for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 1,818,695; 294,433 and 603,500 respectively. The number of outstanding options reflects the expiration of options to purchase 467,625 common shares on January 5, 2025. Mr. Gelfond did not receive any value in connection with such expiration; therefore, such expiration is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under Rule 16b-6(d).
F7: The restricted share units vest and will be converted to common shares in three installments: 36,506 on each of January 2, 2026, January 2, 2027 and January 2, 2028.