IMAX CORP — Major Shareholding Notification 2010

Feb 11, 2010

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G/A

Under the Securities Exchange Act of 1934

(Amendment No. 1*)

IMAX Corporation

(Name of issuer)

Common Stock, no par value

(Title of class of securities)

45245E109

(CUSIP number)

December 31, 2009

(Date of event which requires filing of this statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

¨ Rule 13d-1(b)

x Rule 13d-1(c)

¨ Rule 13d-1(d)

• The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

Continued on following pages

Page 1 of 5 Pages

Page 2 of 5 Pages

1	Names of reporting persons I.R.S. Identification Nos. of above persons (entities only) MANATUCK HILL PARTNERS, LLC 26-4540925
2	Check the appropriate box if a
member of a group (see instructions) a. ¨ b. ¨
3	SEC use only
4	Citizenship or place of
organization DELAWARE
Number of shares beneficially owned by each reporting person with	5	Sole voting power 2,620,698
	6	Shared voting power 0
	7	Sole dispositive power 2,620,698
	8	Shared dispositive power 0
9	Aggregate amount beneficially
owned by each reporting person 2,620,698
10	Check Box if the aggregate amount
in Row (9) excludes certain shares (see instructions) ¨
11	Percent of class represented by
amount in Row (9) 4.21%
12	Type of reporting person (see
instructions) IA

Page 3 of 5 Pages

Item 1	(a)	Name of Issuer:
		IMAX Corporation (the “Issuer”).
1	(b)	Address of the Issuer’s Principal Executive Offices:
		2525 Speakman Drive, Mississauga, Ontario, Canada A6 L5K 1B1
Item 2	(a) - (c)	Name, Principal Business Address, and Citizenship of Person Filing:
		Manatuck Hill Partners, LLC 1465 Post Road East Westport, CT 06880 which is a Delaware corporation.
2	(d)	Title of Class of Securities:
		Common Stock, no par value
2	(e)	CUSIP Number:
		45245E109
Item 3.	This statement is filed pursuant to Rule 13d-1(c).

Page 4 of 5 Pages

Item 4.	Ownership:
	Ownership as of December 31, 2009 is incorporated herein by reference from items (5) – (9) and (11) of the cover page of this Schedule 13G.
Item 5.	Ownership of Five Percent or Less of a Class:
	If this statement is being filed to report the fact that as of the date hereof the Reporting Persons have ceased to be the beneficial owner of more than five percent
of the class of securities check the following. x
Item 6.	Ownership of More than Five Percent on Behalf of Another Person:
	Not applicable.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
	Not applicable.
Item 8.	Identification and Classification of Members of the Group:
	Not applicable.
Item 9.	Notice of Dissolution of Group:
	Not applicable.
Item 10.	Certification:
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of
business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer of such securities and were not acquired and are not held in connection with or as a participant in any
transaction having such purpose or effect.

Page 5 of 5 Pages

SIGNATURES

After reasonable inquiry and to the best of my knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct.

Date: February 11, 2010
By:	/ S / T OM S CALIA
Name:	Tom Scalia
Title:	Chief Financial Officer