SEC Form 4 · accession 0001214659-15-002183
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Larry Oreilly
Officer — Exec VP, Worldwide Sales
Period of report
Mar 7, 2015
Accepted (ET)
Mar 10, 2015 · 7:35 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 | 2,375 | $0.00 | A | 9,275 | D | |
| common sharesF1 | Mar 7, 2015 | M | 2,547 | $0.00 | A | 11,822 | D | |
| common sharesF2 | Mar 9, 2015 | S | 1,179 | $33.85 | D | 10,643 | D | |
| common sharesF2 | Mar 9, 2015 | S | 1,265 | $33.85 | D | 9,378 | D | |
| common shares (opening balance) | holding | — | — | — | 6,900 | 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 | 9,985 | A | — | Dec 1, 2018 | common shares | 9,985 | 9,985 | D |
| stock options (to buy)F6 | $33.80 | Mar 7, 2015 | A | 12,417 | A | — | Mar 7, 2022 | common shares | 12,417 | 12,417 | D |
| restricted share unitsF1 | $0.00 | Mar 7, 2015 | M | 2,375 | D | Mar 7, 2015 | Dec 1, 2016 | common shares | 2,375 | 5,225 | D |
| restricted share unitsF1 | $0.00 | Mar 7, 2015 | M | 2,547 | D | Mar 7, 2015 | Dec 1, 2017 | common shares | 2,547 | 10,189 | 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. O'Reilly is reporting the sale of 2,444 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: 1,997 on March 7, 2016; 2,496 on each of March 7, 2017 and March 7, 2018 and 2,996 on December 1, 2018.
- F6The stock options become exercisable in four installments: 2,483 on March 7, 2016, 3,104 on each of March 7, 2017 and March 7, 2018 and 3,726 on March 7, 2019.