Mark Welton - Mar 7, 2022 Form 4 Insider Report for IMAX CORP (IMAX)

Role
President, IMAX Theatres
Signature
/s/ Kenneth I. Weissman (attorney-in-fact for Mark Welton)
Stock symbol
IMAX
Transactions as of
Mar 7, 2022
Transactions value $
-$554,288
Form type
4
Date filed
3/9/2022, 03:28 PM
Previous filing
Dec 3, 2021
Next filing
Dec 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Options Exercise $0 +11.7K +37.1% $0.00 43.1K Mar 7, 2022 Direct F1
transaction IMAX common shares Options Exercise $0 +23.6K +54.68% $0.00 66.7K Mar 7, 2022 Direct F1
transaction IMAX common shares Options Exercise $0 +14.7K +22.08% $0.00 81.4K Mar 7, 2022 Direct F1
transaction IMAX common shares Options Exercise $0 +6.84K +8.4% $0.00 88.3K Mar 7, 2022 Direct F1
transaction IMAX common shares Tax liability -$554K -30.6K -34.63% $18.13 57.7K Mar 7, 2022 Direct F2
holding IMAX common shares (opening balance) 31.5K Mar 7, 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 -11.7K -45.45% $0.00 14K Mar 7, 2022 common shares 11.7K $0.00 Direct F1, F3, F4, F5, F8
transaction IMAX restricted share units Options Exercise $0 -23.6K -50% $0.00 23.6K Mar 7, 2022 common shares 23.6K $0.00 Direct F1, F3, F4, F6, F8
transaction IMAX restricted share units Options Exercise $0 -14.7K -33.33% $0.00 29.5K Mar 7, 2022 common shares 14.7K $0.00 Direct F1, F3, F4, F6, F8
transaction IMAX restricted share units Options Exercise $0 -6.84K -50% $0.00 6.84K Mar 7, 2022 common shares 6.84K $0.00 Direct F1, F3, F4, F7, F8
transaction IMAX restricted share units Award $0 +35.9K $0.00 35.9K Mar 7, 2022 common shares 35.9K $0.00 Direct 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 upon vesting of restricted share units into common shares.
F2 Mr. Welton is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transactions.
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 vest and will be converted to common shares in four installments on each of the first three anniversaries of the grant date and on December 1st of the third year.
F6 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.
F7 The restricted share units vest and will be converted to common shares in two equal installments on each of the first two anniversaries of the grant date.
F8 This represents the number of restricted share units for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 131,835, 109,775 and 57,714, respectively.