Giovanni M. Dolci - Mar 7, 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)
Stock symbol
IMAX
Transactions as of
Mar 7, 2023
Transactions value $
-$142,574
Form type
4
Date filed
3/9/2023, 03:58 PM
Previous filing
Dec 5, 2022
Next filing
Mar 11, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Options Exercise $0 +2.95K +19.23% $0.00 18.3K Mar 7, 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +1.93K +10.58% $0.00 20.2K Mar 7, 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +2.27K +11.25% $0.00 22.5K Mar 7, 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +3.71K +16.51% $0.00 26.2K Mar 7, 2023 Direct F1
transaction IMAX common shares Tax liability -$96.7K -5.25K -20.03% $18.43 20.9K Mar 7, 2023 Direct F2
transaction IMAX common shares Award $0 +5.16K +24.63% $0.00 26.1K Mar 7, 2023 Direct F3
transaction IMAX common shares Tax liability -$45.9K -2.49K -9.54% $18.43 23.6K Mar 7, 2023 Direct F4
holding IMAX common shares (opening balance) 15.3K Mar 7, 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 -2.95K -100% $0.00* 0 Mar 7, 2023 common shares 2.95K $0.00 Direct F1, F5, F6, F7, F11
transaction IMAX restricted share units Options Exercise $0 -1.93K -100% $0.00* 0 Mar 7, 2023 common shares 1.93K $0.00 Direct F1, F5, F6, F8, F11
transaction IMAX restricted share units Options Exercise $0 -2.27K -49.98% $0.00 2.28K Mar 7, 2023 common shares 2.27K $0.00 Direct F1, F5, F6, F9, F11
transaction IMAX restricted share units Options Exercise $0 -3.71K -33.33% $0.00 7.42K Mar 7, 2023 common shares 3.71K $0.00 Direct F1, F5, F6, F7, F11
transaction IMAX restricted share units Award $0 +8.04K $0.00 8.04K Mar 7, 2023 common shares 8.04K $0.00 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.