SEC Form 4 · accession 0001214659-16-010213
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D Lister
Officer — Chief Legal & Chief Bus Dev
Period of report
Mar 7, 2016
Accepted (ET)
Mar 9, 2016 · 6:05 pm EST
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, 2016 | M | 6,213 | $0.00 | A | 23,319 | D | |
| common sharesF2 | Mar 8, 2016 | S | 3,402 | $31.29 | D | 19,917 | D | |
| common shares (opening balance) | holding | — | — | — | 17,106 | 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, 2016 | A | 29,451 | A | — | Dec 1, 2019 | common shares | 29,451 | 29,451 | D |
| stock options (to buy)F6 | $31.85 | Mar 7, 2016 | A | 54,805 | A | — | Mar 7, 2023 | common shares | 54,805 | 54,805 | D |
| restricted share unitsF1,F7 | $0.00 | Mar 7, 2016 | M | 6,213 | D | Mar 7, 2016 | Dec 1, 2018 | common shares | 6,213 | 18,639 | 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. Lister is reporting the sale of 3,402 common shares to satisfy his tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit
- 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 7,363 on each of March 7, 2017; March 7, 2018 and March 7, 2019 and 7,62 on March 7, 2020.
- F6The stock options become exercisable in four installments: 13,702 on March 7, 2017, 13,701 on each of March 7, 2018, March 7, 2019 and March 7, 2020.
- F7This represents the number of restricted share units for this transaction only. Mr. Lister's aggregate remaining outstanding option, restricted share unit and common share balances following this transaction will be 237,772; 80,381 and 19,917 respectively.