| 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*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol IMAX CORP [ IMAX ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 03/14/2019 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 shares (opening balance) | 0(1) | D | ||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| stock options (to buy) | $23.36 | 03/14/2019 | A | 72,992(2) | (3) | 03/07/2026 | common shares | 72,992 | $23.36 | 72,992(4) | D | ||||
| stock options (to buy) | $23.36 | 03/14/2019 | A | 51,581(2) | (5) | 03/07/2026 | common shares | 51,581 | $23.36 | 51,581(4) | D | ||||
| restricted share units(6) | $0.00(7) | 03/14/2019 | A | 21,404(2) | (8) | (8) | common shares | 21,404 | $0.00(7) | 21,404(4) | D | ||||
| restricted share units(6) | $0.00(7) | 03/14/2019 | A | 48,159(2) | (9) | (9) | common shares | 48,159 | $0.00(7) | 48,159(4) | D | ||||
| Explanation of Responses: |
| 1. Ms. Colligan became an executive officer of IMAX Corporation on February 19, 2019. |
| 2. Granted pursuant to Ms. Colligan's October 2018 employment agreement with IMAX Corporation. |
| 3. The stock options will become exercisable in three installments: 24,087 on each of March 7, 2020 and March 7, 2021 and 24,818 on March 7, 2022. |
| 4. Ms. Colligan's aggregate outstanding option, restricted share unit and common share balances following these transactions will be 124,573; 69,563 and 0 respectively. |
| 5. The stock options will become exercisable in four installments: 10,316 on March 7, 2020; 12,895 each on March 7, 2021 and March 7, 2022 and 36,106 on March 7, 2023. |
| 6. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. |
| 7. Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. |
| 8. The restricted share units vest and will be converted to common shares in three installments: 7,063 on each of March 7, 2020 and March 7, 2021 and 7,278 on March 7, 2022. |
| 9. The restricted share units vest and will be converted to common shares in four installments: 9,631 on March 7, 2020; 12,039 on each of March 7, 2021 and March 7, 2022 and 14,450 on December 1, 2022. |
| Remarks: |
| Megan Colligan | 03/16/2019 | |
| ** 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). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||
