Denny Tu - 01 Dec 2022 Form 4 Insider Report for IMAX CORP (IMAX)

Role: Chief Marketing Officer
Signature: Kenneth I. Weissman (attorney-in-fact for Denny Tu)
Issuer symbol: IMAX
Transactions as of: 01 Dec 2022
Net transactions value: -$118,091
Form type: 4
Filing time: 05 Dec 2022, 18:31:37 UTC
Previous filing: 09 Mar 2022
Next filing: 09 Mar 2023
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	+2,502	+18%	$0.000000	16,287	01 Dec 2022	Direct	F1
transaction	IMAX	common shares	Tax liability	$14,531	-866	-5.3%	$16.78	15,421	01 Dec 2022	Direct	F2
transaction	IMAX	common shares	Sale	$103,560	-6,000	-39%	$17.26	9,421	02 Dec 2022	Direct
holding	IMAX	common shares (opening balance)						13,785	01 Dec 2022	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	-2,502	-100%	$0.000000^*	0	01 Dec 2022	common shares	2,502	$0.000000	Direct	F1, F3, F4, F5, F6

* 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. Tu 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 vested and converted to common shares on December 1, 2022.
F6	This represents the number of restricted share units for this transaction only. Mr. Tu's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 14,754, 30,391 and 9,421, respectively.