Robert D. Lister) - 07 Mar 2024 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)
Issuer symbol
IMAX
Transactions as of
07 Mar 2024
Net transactions value
-$558,298
Form type
4
Filing time
11 Mar 2024, 16:45:11 UTC
Previous filing
13 Mar 2023
Next filing
15 Mar 2024
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 +14,733 +11% $0.000000 149,351 07 Mar 2024 Direct F1
transaction IMAX common shares Options Exercise $0 +11,957 +8% $0.000000 161,308 07 Mar 2024 Direct F1
transaction IMAX common shares Options Exercise $0 +12,957 +8% $0.000000 174,265 07 Mar 2024 Direct F1
transaction IMAX common shares Tax liability $354,967 -21,129 -12% $16.80 153,136 07 Mar 2024 Direct F2
transaction IMAX common shares Award $0 +22,856 +15% $0.000000 175,992 07 Mar 2024 Direct F3
transaction IMAX common shares Tax liability $203,330 -12,103 -6.9% $16.80 163,889 07 Mar 2024 Direct F4
holding IMAX common shares (opening balance) 134,618 07 Mar 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 -14,733 -100% $0.000000* 0 07 Mar 2024 common shares 14,733 $0.000000 Direct F1, F5, F6, F7, F10
transaction IMAX restricted share units Options Exercise $0 -11,957 -50% $0.000000 11,959 07 Mar 2024 common shares 11,957 $0.000000 Direct F1, F5, F6, F8, F10
transaction IMAX restricted share units Options Exercise $0 -12,957 -33% $0.000000 25,916 07 Mar 2024 common shares 12,957 $0.000000 Direct F1, F5, F6, F9, F10
transaction IMAX restricted share units Award $0 +42,975 $0.000000 42,975 07 Mar 2024 common shares 42,975 $0.000000 Direct F5, F6, F7, F10
* 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, 2021. 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 three equal installments on each of the first three anniversaries of the grant date.
F8 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.
F9 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 12,959 March 7, 2026.
F10 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 106,053, 80,850 and 163,889, respectively. The number of outstanding options reflects the expiration of options to purchase 39,909 common shares on March 7, 2024. 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).