Richard L. Gelfond - Jan 2, 2024 Form 4 Insider Report for IMAX CORP (IMAX)

Role
Chief Executive Officer, Director
Signature
/s/ Richard L. Gelfond
Stock symbol
IMAX
Transactions as of
Jan 2, 2024
Transactions value $
-$1,384,410
Form type
4
Date filed
1/4/2024, 07:13 PM
Previous filing
May 1, 2023
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 +51.4K +13.22% $0.00 440K Jan 2, 2024 Direct F1
transaction IMAX common shares Tax liability -$426K -28.4K -6.46% $14.98 412K Jan 2, 2024 Direct F2
transaction IMAX common shares Options Exercise $0 +62.5K +15.19% $0.00 474K Jan 2, 2024 Direct F1
transaction IMAX common shares Tax liability -$527K -35.2K -7.42% $14.98 439K Jan 2, 2024 Direct F2
transaction IMAX common shares Options Exercise $0 +52.1K +11.86% $0.00 491K Jan 4, 2024 Direct F1
transaction IMAX common shares Tax liability -$432K -28.8K -5.87% $14.99 462K Jan 4, 2024 Direct F2
holding IMAX common shares (opening balance) 389K Jan 2, 2024 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 -51.4K -50% $0.00 51.4K Jan 2, 2024 common shares 51.4K $0.00 Direct F1, F3, F4, F5, F6
transaction IMAX restricted share units Options Exercise $0 -62.5K -33.33% $0.00 125K Jan 2, 2024 common shares 62.5K $0.00 Direct F1, F3, F4, F5, F6
transaction IMAX restricted share units Award $0 +184K $0.00 184K Jan 2, 2024 common shares 184K $0.00 Direct F3, F4, F6, F7
transaction IMAX restricted share units Options Exercise $0 -52.1K -100% $0.00* 0 Jan 4, 2024 common shares 52.1K $0.00 Direct F1, F3, F4, F6, F8
* 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 restricted share units into common shares.
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 restricted share unit transaction.
F3 Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
F4 Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
F5 The restricted share units vested and converted to common shares on January 2, 2024.
F6 This represents the number of restricted share units 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; 360,018 and 462,274 respectively.
F7 The restricted share units vest and will be converted to common shares in three installments: 61,192 on January 2, 2025 and 61,193 on each of January 2, 2026 and January 2, 2027.
F8 The restricted share units vested and converted to common shares on January 4, 2024.