Elizabeth Gitajn - Mar 7, 2024 Form 4 Insider Report for IMAX CORP (IMAX)

Role
SVP, Finance & Controller
Signature
/s/Kenneth Weissman (attorney-in-fact for Elizabeth Gitajn)
Stock symbol
IMAX
Transactions as of
Mar 7, 2024
Transactions value $
-$16,934
Form type
4
Date filed
3/11/2024, 04:15 PM
Previous filing
Mar 9, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMAX common shares Options Exercise $0 +1.79K $0.00 1.79K Mar 7, 2024 Direct F1
transaction IMAX common shares Tax liability -$16.9K -1.01K -56.41% $16.80 779 Mar 7, 2024 Direct F2
holding IMAX common shares (opening balance) 0 Mar 7, 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 -1.79K -33.33% $0.00 3.57K Mar 7, 2024 common shares 1.79K $0.00 Direct F1, F3, F4, F5, F7
transaction IMAX restricted share units Award $0 +6.67K $0.00 6.67K Mar 7, 2024 common shares 6.67K $0.00 Direct F3, F4, F6, F7
* 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. Gitajn 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 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 vest and will be converted to common shares in three equal installments on each of first three anniversaries of the grant date.
F6 The restricted share units vest and will be converted to common shares in three installments: 2,222 on March 7, 2025 and 2,223 on each of March 7, 2026 and March 7, 2027.
F7 This represents the number of restricted share units for this transaction only. Ms. Gitajn aggregate remaining outstanding restricted share unit and common share balances following these transactions will be 10,242 and 779, respectively.