SEC Form 4 · accession 0001214659-15-002178
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew Cripps
Officer — Executive Vice President
Period of report
Mar 7, 2015
Accepted (ET)
Mar 10, 2015 · 5:30 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000921582
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| common sharesF1 | Mar 7, 2015 | M | 521 | $0.00 | A | 769 | D | |
| common sharesF1 | Mar 7, 2015 | M | 467 | $0.00 | A | 1,236 | D | |
| common sharesF2 | Mar 9, 2015 | S | 236 | $33.85 | D | 1,000 | D | |
| common sharesF2 | Mar 9, 2015 | S | 212 | $33.85 | D | 788 | D | |
| common shares (opening balance) | holding | — | — | — | 248 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| restricted share unitsF3,F4,F5 | — | Mar 7, 2015 | A | 2,218 | A | — | Dec 1, 2018 | common shares | 2,218 | 2,218 | D |
| restricted share unitsF1 | $0.00 | Mar 7, 2015 | M | 521 | D | Mar 7, 2015 | Dec 1, 2016 | common shares | 521 | 1,147 | D |
| restricted share unitsF1 | $0.00 | Mar 7, 2015 | M | 467 | D | Mar 7, 2015 | Dec 1, 2017 | common shares | 467 | 1,869 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted share units into common shares. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
- F2Mr. Cripps is reporting the sale of 448 common shares to satisfy his tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share units.
- F3Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
- F4Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
- F5The restricted share units vest and will be converted to common shares in four installments: 443 on March 7, 2016; 554 on each of March 7, 2017 and March 7, 2018 and 667 on December 1, 2018.