Calamera Pablo - 07 Mar 2023 Form 4 Insider Report for IMAX CORP (IMAX)

Role
CTO & EVP
Signature
/s/ Kenneth I. Weissman (attorney-in-fact for Pablo Calamera)
Issuer symbol
IMAX
Transactions as of
07 Mar 2023
Net transactions value
-$459,185
Form type
4
Filing time
09 Mar 2023, 15:57:06 UTC
Previous filing
02 Mar 2023
Next filing
31 Jul 2023
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 +9,478 +55% $0.000000 26,821 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +3,792 +14% $0.000000 30,613 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +5,686 +19% $0.000000 36,299 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +6,185 +17% $0.000000 42,484 07 Mar 2023 Direct F1
transaction IMAX common shares Tax liability $190,880 -10,357 -24% $18.43 32,127 07 Mar 2023 Direct F2
transaction IMAX common shares Award $0 +16,583 +52% $0.000000 48,710 07 Mar 2023 Direct F3
transaction IMAX common shares Tax liability $127,296 -6,907 -14% $18.43 41,803 07 Mar 2023 Direct F4
transaction IMAX common shares Sale $141,009 -7,697 -18% $18.32 34,106 07 Mar 2023 Direct
holding IMAX common shares (opening balance) 17,343 07 Mar 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 -9,478 -100% $0.000000* 0 07 Mar 2023 common shares 9,478 $0.000000 Direct F1, F5, F6, F7, F12
transaction IMAX restricted share units Options Exercise $0 -3,792 -100% $0.000000* 0 07 Mar 2023 common shares 3,792 $0.000000 Direct F1, F5, F6, F8, F12
transaction IMAX restricted share units Options Exercise $0 -5,686 -50% $0.000000 5,688 07 Mar 2023 common shares 5,686 $0.000000 Direct F1, F5, F6, F9, F12
transaction IMAX restricted share units Options Exercise $0 -6,185 -33% $0.000000 12,370 07 Mar 2023 common shares 6,185 $0.000000 Direct F1, F5, F6, F10, F12
transaction IMAX restricted share units Award $0 +24,128 $0.000000 24,128 07 Mar 2023 common shares 24,128 $0.000000 Direct F5, F6, F11, F12
* 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. Calamera 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 Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2020. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.
F4 Mr. Calamera 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 performance share unit transactions.
F5 Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
F6 Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
F7 The restricted share units vest and will be converted to common shares in three installments: 9,476 on each of March 7, 2021 and March 7, 2022 and 9,478 on March 7, 2023.
F8 The restricted share units vest and will be converted to common shares in two installments: 3,791 shares on March 7, 2022 and 3,792 shares on March 7, 2023.
F9 The restricted share units vest and will be converted to common shares in three installments: 5,686 on each of March 7, 2022 and March 7, 2023 and 5,688 on March 7, 2024.
F10 The restricted share units vest and will be converted to common shares in three equal installments on each of first three anniversaries of the grant date.
F11 The restricted share units vest and will be converted to common shares in three installments: 8,042 on each of March 7, 2024 and March 7, 2025 and 8,044 on March 7, 2026.
F12 This represents the number of restricted share units for this transaction only. Mr. Calamera's aggregate remaining outstanding restricted share unit and common share balances following these transactions will be 42,186 and 34,106, respectively.