Natasha Fernandes) - 07 Mar 2023 Form 4 Insider Report for IMAX CORP (IMAX)

Role
Chief Financial Officer
Signature
/s/Natasha Fernandes
Issuer symbol
IMAX
Transactions as of
07 Mar 2023
Net transactions value
-$115,851
Form type
4
Filing time
09 Mar 2023, 16:01:47 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 +1,264 +76% $0.000000 2,929 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +844 +29% $0.000000 3,773 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +7,422 +197% $0.000000 11,195 07 Mar 2023 Direct F1
transaction IMAX common shares Tax liability $94,030 -5,102 -46% $18.43 6,093 07 Mar 2023 Direct F2
transaction IMAX common shares Award $0 +2,210 +36% $0.000000 8,303 07 Mar 2023 Direct F3
transaction IMAX common shares Tax liability $21,821 -1,184 -14% $18.43 7,119 07 Mar 2023 Direct F4
holding IMAX common shares (opening balance) 1,665 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 -1,264 -100% $0.000000* 0 07 Mar 2023 common shares 1,264 $0.000000 Direct F1, F5, F6, F7, F11
transaction IMAX restricted share units Options Exercise $0 -844 -49% $0.000000 871 07 Mar 2023 common shares 844 $0.000000 Direct F1, F5, F6, F8, F11
transaction IMAX restricted share units Options Exercise $0 -7,422 -33% $0.000000 14,844 07 Mar 2023 common shares 7,422 $0.000000 Direct F1, F5, F6, F9, F11
transaction IMAX restricted share units Award $0 +20,777 $0.000000 20,777 07 Mar 2023 common shares 20,777 $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 Ms. Fernandes 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 Ms. Fernandes 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: 1,263 on each of March 7, 2021 and March 7, 2022 and 1,264 on March 7, 2023.
F8 The restricted share units vest and will be converted to common shares in three installments: 844 on each of March 7, 2022 and March 7, 2023 and 871 on March 7, 2024.
F9 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.
F10 The restricted share units vest and will be converted to common shares in three installments: 6,925 on each of March 7, 2024 and March 7, 2025 and 6,927 on March 7, 2026.
F11 This represents the number of restricted share units for this transaction only. Ms. Fernandes' aggregate remaining outstanding options, restricted share unit and common share balances following these transactions will be 5,609, 36,492 and 7,119, respectively.