Richard L. Gelfond - Jan 2, 2022 Form 4 Insider Report for IMAX CORP (IMAX)

Role
Chief Executive Officer, Director
Signature
/s/ Richard L. Gelfond
Stock symbol
IMAX
Transactions as of
Jan 2, 2022
Transactions value $
-$991,021
Form type
4
Date filed
1/4/2022, 05:12 PM
Next filing
Nov 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Options Exercise $0 +44.7K +14.24% $0.00 359K Jan 2, 2022 Direct F1
transaction IMAX common shares Tax liability -$331K -18.6K -5.17% $17.84 340K Jan 2, 2022 Direct F2
transaction IMAX common shares Options Exercise $0 +11.4K +3.34% $0.00 352K Jan 4, 2022 Direct F1
transaction IMAX common shares Tax liability -$124K -6.31K -1.8% $19.58 345K Jan 4, 2022 Direct F2
transaction IMAX common shares Options Exercise $0 +52.1K +15.08% $0.00 397K Jan 4, 2022 Direct F1
transaction IMAX common shares Tax liability -$536K -27.4K -6.89% $19.58 370K Jan 4, 2022 Direct F2
holding IMAX common shares (opening balance) 314K Jan 2, 2022 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 -44.7K -50% $0.00 44.7K Jan 2, 2022 common shares 44.7K $0.00 Direct F1, F3, F4, F5, F6
transaction IMAX restricted share units Award $0 +154K $0.00 154K Jan 2, 2022 common shares 154K $0.00 Direct F1, F3, F4, F6, F7
transaction IMAX restricted share units Options Exercise $0 -11.4K -50% $0.00 11.4K Jan 4, 2022 common shares 11.4K $0.00 Direct F1, F3, F4, F6, F8
transaction IMAX restricted share units Options Exercise $0 -52.1K -33.33% $0.00 104K Jan 4, 2022 common shares 52.1K $0.00 Direct F1, F3, F4, F6, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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, 2022.
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 2,713,015; 314,394 and 369,987 respectively.
F7 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.
F8 The restricted share units vested and converted to common shares on January 4, 2022.