Richard L. Gelfond - Mar 7, 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
Mar 7, 2023
Transactions value $
-$1,435,550
Form type
4
Date filed
3/9/2023, 04:06 PM
Previous filing
Jan 4, 2023
Next filing
May 1, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Award $0 +141K +33.09% $0.00 567K Mar 7, 2023 Direct F1
transaction IMAX common shares Tax liability -$1.44M -77.9K -13.75% $18.43 489K Mar 7, 2023 Direct F2, F3
holding IMAX common shares (opening balance) 426K Mar 7, 2023 Direct
* 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 performance stock units into common shares granted by the Company on January 2, 2020. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three-year performance period.
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 performance share units.
F3 This represents the number of common shares 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 488,678, respectively.