Giovanni M. Dolci) - 07 Mar 2023 Form 4 Insider Report for IMAX CORP (IMAX)

Role: Chief Sales Officer
Signature: /s/ Kenneth I. Weissman (attorney-in-fact for Giovanni M. Dolci)
Issuer symbol: IMAX
Transactions as of: 07 Mar 2023
Net transactions value: -$142,574
Form type: 4
Filing time: 09 Mar 2023, 15:58:11 UTC
Previous filing: 05 Dec 2022
Next filing: 11 Mar 2024
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	+2,948	+19%	$0.000000	18,276	07 Mar 2023	Direct	F1
transaction	IMAX	common shares	Options Exercise	$0	+1,934	+11%	$0.000000	20,210	07 Mar 2023	Direct	F1
transaction	IMAX	common shares	Options Exercise	$0	+2,274	+11%	$0.000000	22,484	07 Mar 2023	Direct	F1
transaction	IMAX	common shares	Options Exercise	$0	+3,711	+17%	$0.000000	26,195	07 Mar 2023	Direct	F1
transaction	IMAX	common shares	Tax liability	$96,684	-5,246	-20%	$18.43	20,949	07 Mar 2023	Direct	F2
transaction	IMAX	common shares	Award	$0	+5,159	+25%	$0.000000	26,108	07 Mar 2023	Direct	F3
transaction	IMAX	common shares	Tax liability	$45,891	-2,490	-9.5%	$18.43	23,618	07 Mar 2023	Direct	F4
holding	IMAX	common shares (opening balance)						15,328	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	-2,948	-100%	$0.000000^*	0	07 Mar 2023	common shares	2,948	$0.000000	Direct	F1, F5, F6, F7, F11
transaction	IMAX	restricted share units	Options Exercise	$0	-1,934	-100%	$0.000000^*	0	07 Mar 2023	common shares	1,934	$0.000000	Direct	F1, F5, F6, F8, F11
transaction	IMAX	restricted share units	Options Exercise	$0	-2,274	-50%	$0.000000	2,276	07 Mar 2023	common shares	2,274	$0.000000	Direct	F1, F5, F6, F9, F11
transaction	IMAX	restricted share units	Options Exercise	$0	-3,711	-33%	$0.000000	7,422	07 Mar 2023	common shares	3,711	$0.000000	Direct	F1, F5, F6, F7, F11
transaction	IMAX	restricted share units	Award	$0	+8,042		$0.000000	8,042	07 Mar 2023	common shares	8,042	$0.000000	Direct	F5, F6, F10, F11

* 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. Dolci 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. Dolci 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 equal installments on each of the first three anniversaries of the grant date.
F8	The restricted share units vest and will be converted to common shares in two installments: 1,933 on March 7, 2022 and 1,934 on March 7, 2023.
F9	The restricted share units vest and will be converted to common shares in three installments: 2,274 on each of March 7, 2022 and March 7, 2023 and 2,276 on March 7, 2024.
F10	The restricted share units vest and will be converted to common shares in three installments: 2,680 on each of March 7, 2024 and March 7, 2025 and 2,682 on March 7, 2026.
F11	This represents the number of restricted share units for this transaction only. Mr. Dolci's aggregate remaining outstanding options, restricted share unit and common share balances following these transactions will be 6,188, 17,740 and 23,618, respectively.