Robert D. Lister - Mar 7, 2023 Form 4 Insider Report for IMAX CORP (IMAX)

Role
Chief Legal & Sr Exec VP
Signature
/s/ Kenneth I. Weissman (attorney-in-fact for Robert D. Lister)
Stock symbol
IMAX
Transactions as of
Mar 7, 2023
Transactions value $
-$957,531
Form type
4
Date filed
3/13/2023, 06:12 PM
Previous filing
Mar 9, 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 +11.7K +12.58% $0.00 104K Mar 7, 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +23.6K +22.58% $0.00 128K Mar 7, 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +7.06K +5.51% $0.00 135K Mar 7, 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +14.7K +10.9% $0.00 150K Mar 7, 2023 Direct F1
transaction IMAX common shares Options Exercise $0 +12K +7.98% $0.00 162K Mar 7, 2023 Direct F1
transaction IMAX common shares Tax liability -$703K -38.2K -23.59% $18.43 124K Mar 7, 2023 Direct F2
transaction IMAX common shares Award $0 +24.8K +20.03% $0.00 148K Mar 7, 2023 Direct F3
transaction IMAX common shares Tax liability -$254K -13.8K -9.29% $18.43 135K Mar 7, 2023 Direct F4
holding IMAX common shares (opening balance) 92.8K 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 -11.7K -100% $0.00* 0 Mar 7, 2023 common shares 11.7K $0.00 Direct F1, F5, F6, F7, F13
transaction IMAX restricted share units Options Exercise $0 -23.6K -100% $0.00* 0 Mar 7, 2023 common shares 23.6K $0.00 Direct F1, F5, F6, F8, F13
transaction IMAX restricted share units Options Exercise $0 -7.06K -100% $0.00* 0 Mar 7, 2023 common shares 7.06K $0.00 Direct F1, F5, F6, F9, F13
transaction IMAX restricted share units Options Exercise $0 -14.7K -50% $0.00 14.7K Mar 7, 2023 common shares 14.7K $0.00 Direct F1, F5, F6, F10, F13
transaction IMAX restricted share units Options Exercise $0 -12K -33.33% $0.00 23.9K Mar 7, 2023 common shares 12K $0.00 Direct F1, F5, F6, F11, F13
transaction IMAX restricted share units Award $0 +38.9K $0.00 38.9K Mar 7, 2023 common shares 38.9K $0.00 Direct F5, F6, F12, F13
* 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. Lister 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. Lister 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 four installments: 11,671 on each of March 7, 2020, March 7, 2021 and March 7, 2022 and 11,674 on March 7, 2023.
F8 The restricted share units vest and will be converted to common shares in three installments: 23,584 on each of March 7, 2021 and March 7, 2022 and 23,586 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: 11,957 on each of March 7, 2023 and March 7, 2024 and 11,959 on March 7, 2025.
F12 The restricted share units vest and will be converted to common shares in three installments: 12,957 on each of March 7, 2024 and March 7, 2025 and 13,406 March 7, 2026.
F13 This represents the number of restricted share units for this transaction only. Mr. Lister's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 145,962, 77,522 and 134,618, respectively. The number of outstanding options reflects the expiration of options to purchase 54,805 common shares on March 7, 2023. Mr. Lister did not receive any value in connection with such expiration; therefore, such expiration is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under Rule 16b-6(d).