Joseph Sparacio - 31 Dec 2021 Form 4 Insider Report for IMAX CORP (IMAX)

Role
Interim CFO
Signature
/s/ Joseph Sparacio
Issuer symbol
IMAX
Transactions as of
31 Dec 2021
Net transactions value
-$282,550
Form type
4
Filing time
04 Jan 2022, 15:30:45 UTC
Previous filing
03 Jun 2021
Next filing
09 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Options Exercise $0 +29,761 $0.000000 29,761 31 Dec 2021 Direct F1
transaction IMAX common shares Tax liability $282,550 -15,838 -53% $17.84 13,923 31 Dec 2021 Direct F2
holding IMAX common shares (opening balance) 0 31 Dec 2021 Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IMAX restricted share units Options Exercise $0 -29,761 -100% $0.000000* 0 31 Dec 2021 common shares 29,761 $0.000000 Direct F1, F3, F4, F5, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the conversion upon vesting of restricted share units into common shares.
F2 Mr. Sparacio is reporting the withholding of common shares to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share units.
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 December 31, 2021.
F6 This represents the number of restricted share units for this transaction only. Mr. Sparacio's aggregate remaining outstanding restricted share unit and common share balances following this transaction will be 0 and 13,923 respectively.