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

Role: Interim CFO
Signature: /s/ Joseph Sparacio
Stock symbol: IMAX
Transactions as of: Dec 31, 2021
Transactions value $: -$282,550
Form type: 4
Date filed: 1/4/2022, 03:30 PM
Previous filing: Jun 3, 2021
Next filing: Mar 9, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IMAX	common shares	Options Exercise	$0	+29.8K		$0.00	29.8K	Dec 31, 2021	Direct	F1
transaction	IMAX	common shares	Tax liability	-$283K	-15.8K	-53.22%	$17.84	13.9K	Dec 31, 2021	Direct	F2
holding	IMAX	common shares (opening balance)						0	Dec 31, 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	-29.8K	-100%	$0.00^*	0	Dec 31, 2021	common shares	29.8K	$0.00	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.