Megan Colligan) - 07 Mar 2023 Form 4 Insider Report for IMAX CORP (IMAX)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
09 Mar 2023, 15:55:53 UTC
Prior SEC filing
05 Dec 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Kenneth I. Weissman (attorney-in-fact for Megan Colligan)

Key filing fact

Megan Colligan) filed Form 4 for IMAX CORP (IMAX) on 09 Mar 2023.

Key facts

  • This page summarizes Megan Colligan)'s Form 4 filing for IMAX CORP (IMAX).
  • 12 reported transactions and 5 derivative rows are listed below.
  • Accepted by SEC: 09 Mar 2023, 15:55.

Change

  • Previous filing in this sequence was filed on 05 Dec 2022.
  • Current net transaction value: -$860,091.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

IMAX transaction

common shares

Options Exercise

Transaction value
$0
Shares
+25,270
Change %
+33%
Price
$0.000000
Shares after
102,577
Date
07 Mar 2023
Ownership
Direct
Footnotes
F1
IMAX transaction

common shares

Options Exercise

Transaction value
$0
Shares
+7,732
Change %
+7.5%
Price
$0.000000
Shares after
110,309
Date
07 Mar 2023
Ownership
Direct
Footnotes
F1
IMAX transaction

common shares

Options Exercise

Transaction value
$0
Shares
+15,241
Change %
+14%
Price
$0.000000
Shares after
125,550
Date
07 Mar 2023
Ownership
Direct
Footnotes
F1
IMAX transaction

common shares

Options Exercise

Transaction value
$0
Shares
+14,019
Change %
+11%
Price
$0.000000
Shares after
139,569
Date
07 Mar 2023
Ownership
Direct
Footnotes
F1
IMAX transaction

common shares

Tax liability

Transaction value
$603,177
Shares
-32,728
Change %
-23%
Price
$18.43
Shares after
106,841
Date
07 Mar 2023
Ownership
Direct
Footnotes
F2
IMAX transaction

common shares

Award

Transaction value
$0
Shares
+26,533
Change %
+25%
Price
$0.000000
Shares after
133,374
Date
07 Mar 2023
Ownership
Direct
Footnotes
F3
IMAX transaction

common shares

Tax liability

Transaction value
$256,914
Shares
-13,940
Change %
-10%
Price
$18.43
Shares after
119,434
Date
07 Mar 2023
Ownership
Direct
Footnotes
F4
IMAX holding

common shares (opening balance)

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after
77,307
Date
07 Mar 2023
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

IMAX transaction Derivative

restricted share units

Options Exercise

Transaction value
$0
Shares
-25,270
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 Mar 2023
Ownership
Direct
Underlying class
common shares
Underlying amount
25,270
Exercise price
$0.000000
Footnotes
F1, F5, F6, F7, F12
IMAX transaction Derivative

restricted share units

Options Exercise

Transaction value
$0
Shares
-7,732
Change %
-100%
Price
$0.000000*
Shares after
0
Date
07 Mar 2023
Ownership
Direct
Underlying class
common shares
Underlying amount
7,732
Exercise price
$0.000000
Footnotes
F1, F5, F6, F8, F12
IMAX transaction Derivative

restricted share units

Options Exercise

Transaction value
$0
Shares
-15,241
Change %
-50%
Price
$0.000000
Shares after
15,241
Date
07 Mar 2023
Ownership
Direct
Underlying class
common shares
Underlying amount
15,241
Exercise price
$0.000000
Footnotes
F1, F5, F6, F9, F12
IMAX transaction Derivative

restricted share units

Options Exercise

Transaction value
$0
Shares
-14,019
Change %
-33%
Price
$0.000000
Shares after
28,039
Date
07 Mar 2023
Ownership
Direct
Underlying class
common shares
Underlying amount
14,019
Exercise price
$0.000000
Footnotes
F1, F5, F6, F10, F12
IMAX transaction Derivative

restricted share units

Award

Transaction value
$0
Shares
+40,214
Change %
Price
$0.000000
Shares after
40,214
Date
07 Mar 2023
Ownership
Direct
Underlying class
common shares
Underlying amount
40,214
Exercise price
$0.000000
Footnotes
F5, F6, F11, F12
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 12 footnotes

Footnote F1

Represents the conversion upon vesting of restricted share units into common shares.

Footnote F2

Ms. Colligan 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.

Footnote 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.

Footnote F4

Ms. Colligan 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.

Footnote F5

Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.

Footnote F6

Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.

Footnote F7

The restricted share units vest and will be converted to common shares in three installments: 25,269 on each of March 7, 2021 and March 7, 2022 and 25,270 on March 7, 2023.

Footnote F8

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.

Footnote F9

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.

Footnote F10

The restricted share units vest and will be converted to common shares in three installments: 14,019 on each of March 7, 2023 and March 7, 2024 and 14,020 on March 7, 2025.

Footnote F11

The restricted share units vest and will be converted to common shares in three installments: 13,404 on each of March 7, 2024 and March 7, 2025 and 13,406 on March 7, 2026.

Footnote F12

This represents the number of restricted share units for this transaction only. Ms. Colligan's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 124,573, 83,494 and 119,434, respectively.

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