Denny Tu) - 07 Mar 2023 Form 4 Insider Report for IMAX CORP (IMAX)

Role
Chief Marketing Officer
Signature
Kenneth I. Weissman (attorney-in-fact for Denny Tu)
Issuer symbol
IMAX
Transactions as of
07 Mar 2023
Net transactions value
-$176,707
Form type
4
Filing time
09 Mar 2023, 16:11:54 UTC
Previous filing
05 Dec 2022
Next filing
03 May 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 +4,212 +45% $0.000000 13,633 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +1,006 +7.4% $0.000000 14,639 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +3,505 +24% $0.000000 18,144 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +3,412 +19% $0.000000 21,556 07 Mar 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +4,948 +23% $0.000000 26,504 07 Mar 2023 Direct F1
transaction IMAX common shares Tax liability $113,732 -6,171 -23% $18.43 20,333 07 Mar 2023 Direct F2
transaction IMAX common shares Award $0 +9,127 +45% $0.000000 29,460 07 Mar 2023 Direct F3
transaction IMAX common shares Tax liability $62,975 -3,417 -12% $18.43 26,043 07 Mar 2023 Direct F4
holding IMAX common shares (opening balance) 9,421 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 -4,212 -100% $0.000000* 0 07 Mar 2023 common shares 4,212 $0.000000 Direct F1, F5, F6, F7, F12
transaction IMAX restricted share units Options Exercise $0 -1,006 -100% $0.000000* 0 07 Mar 2023 common shares 1,006 $0.000000 Direct F1, F5, F6, F8, F12
transaction IMAX restricted share units Options Exercise $0 -3,505 -100% $0.000000* 0 07 Mar 2023 common shares 3,505 $0.000000 Direct F1, F5, F6, F9, F12
transaction IMAX restricted share units Options Exercise $0 -3,412 -50% $0.000000 3,412 07 Mar 2023 common shares 3,412 $0.000000 Direct F1, F5, F6, F10, F12
transaction IMAX restricted share units Options Exercise $0 -4,948 -33% $0.000000 9,896 07 Mar 2023 common shares 4,948 $0.000000 Direct F5, F6, F9, F10, F12
transaction IMAX restricted share units Award $0 +14,075 $0.000000 14,075 07 Mar 2023 common shares 14,075 $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. Tu 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. Tu 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: 4,211 on each of March 7, 2021 and March 7, 2022 and 4,212 on March 7, 2023.
F8 The restricted share units vest and will be converted to common shares in three installments: 1,005 on each of March 7, 2021 and March 7, 2022 and 1,006 on March 7, 2023.
F9 The restricted share units vest and will be converted to common shares in two equal installments on each of the first two anniversaries of the grant date.
F10 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.
F11 The restricted share units vest and will be converted to common shares in three installments: 4,691 on each of March 7, 2023 and March 7, 2024 and 4,693 on March 7, 2024.
F12 This represents the number of restricted share units for this transaction only. Mr. Tu's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 14,754, 27,383 and 26,043, respectively.