Richard L. Gelfond - Jan 2, 2023 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, 2023
Transactions value $
-$1,319,206
Form type
4
Date filed
1/4/2023, 07:12 PM
Previous filing
Nov 17, 2022
Next filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Options Exercise $0 +44.7K +12.6% $0.00 400K Jan 2, 2023 Direct F1
transaction IMAX common shares Tax liability -$363K -24.7K -6.19% $14.66 375K Jan 2, 2023 Direct F2
transaction IMAX common shares Options Exercise $0 +51.4K +13.7% $0.00 426K Jan 2, 2023 Direct F1
transaction IMAX common shares Tax liability -$425K -29K -6.8% $14.66 397K Jan 2, 2023 Direct F2
transaction IMAX common shares Options Exercise $0 +11.4K +2.86% $0.00 409K Jan 4, 2023 Direct F1
transaction IMAX common shares Tax liability -$95.2K -6.29K -1.54% $15.15 402K Jan 4, 2023 Direct F2
transaction IMAX common shares Options Exercise $0 +52.1K +12.94% $0.00 455K Jan 4, 2023 Direct F1
transaction IMAX common shares Tax liability -$436K -28.8K -6.34% $15.15 426K Jan 4, 2023 Direct F2
holding IMAX common shares (opening balance) 355K Jan 2, 2023 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 -100% $0.00* 0 Jan 2, 2023 common shares 44.7K $0.00 Direct F1, F3, F4, F5, F6
transaction IMAX restricted share units Options Exercise $0 -51.4K -33.33% $0.00 103K Jan 2, 2023 common shares 51.4K $0.00 Direct F1, F3, F4, F5, F6
transaction IMAX restricted share units Award $0 +188K $0.00 188K Jan 2, 2023 common shares 188K $0.00 Direct F3, F4, F6, F7
transaction IMAX restricted share units Options Exercise $0 -11.4K -100% $0.00* 0 Jan 4, 2023 common shares 11.4K $0.00 Direct F1, F3, F4, F6, F8
transaction IMAX restricted share units Options Exercise $0 -52.1K -50% $0.00 52.1K Jan 4, 2023 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, 2023.
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; 342,434 and 425,718 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, 2023.