Douglas Kevin Form 4 IMAX / KEVIN DOUGLAS ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DOUGLAS KEVIN

(Last) (First) (Middle)

300A DRAKES LANDING RD., STE 200

(Street)

GREENBRAE CA 94904

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
IMAX CORP [ IMAX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)	X	Other (specify below)
13(d)(3) group

3. Date of Earliest Transaction (Month/Day/Year)
11/26/2021

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								3,961,110	D(1)(2)(6)(7)
Common Stock								2,584,441	I(2)(3)	By James Douglas and Jean Douglas Irrevocable Descendants' Trust
Common Stock	11/26/2021		J		371,989	D	(9)	880,000	I(2)(4)	By Douglas Family Trust
Common Stock								923,645	I(2)(5)	By James E. Douglas III
Common Stock	11/26/2021		J		371,989	A	(9)	571,989	I(2)(8)	By Celtic Financial, LLC

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

DOUGLAS KEVIN

(Last) (First) (Middle)

300A DRAKES LANDING RD., STE 200

(Street)

GREENBRAE CA 94904

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST

(Last) (First) (Middle)

300A DRAKES LANDING RD., STE 200

(Street)

GREENBRAE 94904

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DOUGLAS FAMILY TRUST

(Last) (First) (Middle)

300A DRAKES LANDING RD., STE 200

(Street)

GREENBRAE CA 94904

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

DOUGLAS JAMES E III

(Last) (First) (Middle)

300A DRAKES LANDING RD., STE 200

(Street)

GREENBRAE CA 94904

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

CELTIC FINANCIAL LLC

(Last) (First) (Middle)

300A DRAKES LANDING RD., STE 200

(Street)

GREENBRAE CA 94904

(City) (State) (Zip)

Explanation of Responses:

1. These securities are held directly and jointly by Kevin Douglas and his wife, Michelle Douglas.

2. Each of the reporting persons hereunder (individually, a "Reporting Person" and collectively the "Reporting Persons") may be deemed a member of a "group" within the meaning of Section 13(d)(3) of the Securities and Exchange Act of 1934, as amended (the "Exchange Act") or Rule 13d-5 promulgated under the Exchange Act, with one or more of the other Reporting Persons. Although the Reporting Persons are reporting such securities as if they were members of a "group", the filing of this Form 4 shall not be deemed an admission by any Reporting Person that such Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person.

3. These securities are held directly by the James Douglas and Jean Douglas Irrevocable Descendants' Trust and indirectly by Kevin Douglas. Kevin Douglas and Michelle Douglas, husband and wife, are each a co-trustee of the James Douglas and Jean Douglas Irrevocable Descendants' Trust.

4. These securities are held directly by the Douglas Family Trust and indirectly by Kevin Douglas. Kevin Douglas and Jean A. Douglas are each a co-trustee of the Douglas Family Trust.

5. These securities are held directly by James E. Douglas III and indirectly by Kevin Douglas.

6. Includes 62,652 shares held by an intentionally defective grantor trust (the "KGD IDGT"). Kevin Douglas, as the settlor of the KGD IDGT, has the right to substitute property of equivalent value in return for the shares held by the KGD IDGT and may be deemed to have shared voting and dispositive power over the shares held by the KGD IDGT.

7. Includes 62,652 shares held by an intentionally defective grantor trust (the "MMD IDGT"). Michelle Douglas, as the settlor of the MMD IDGT, has the right to substitute property of equivalent value in return for the shares held by the MMD IDGT and may be deemed to have shared voting and dispositive power over the shares held by the MMD IDGT.

8. These securities are held directly by Celtic Financial, LLC and indirectly by Kevin Douglas.

9. The Douglas Family Trust (controlled by the Reporting Person) transferred 371,989 shares to Celtic Financial, LLC (controlled by the Reporting Person). This transaction was exempt under Rule 16a-13 as a change in form of beneficial ownership.

Remarks:

	/s/ Eileen Wheatman, attorney in fact for Kevin Douglas	11/30/2021
	/s/ Eileen Wheatman, attorney in fact for Douglas Family Trust	11/30/2021
	/s/ Eileen Wheatman, attorney in fact for James Douglas and Jean Douglas Irrevocable Descendants' Trust	11/30/2021
	/s/ Eileen Wheatman, attorney in fact for James E. Douglas III	11/30/2021
	/s/ Eileen Wheatman, attorney in fact for Celtic Financial, LLC	11/30/2021
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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