SEC Form 4 · accession 0001214659-16-011238
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Richard L Gelfond
Officer — Chief Executive Officer · Director
Period of report
May 1, 2016
Accepted (ET)
May 4, 2016 · 4:30 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 | May 1, 2016 | M | 14,994 | $0.00 | A | 135,311 | D | |
| common sharesF2 | May 2, 2016 | S | 7,741 | $32.1394 | D | 127,570 | D | |
| common shares | holding | — | — | — | 7,550 | I | by "Claudia Gelfond Trust" | |
| common shares | holding | — | — | — | 7,550 | I | by "Pamela Gelfond Trust" | |
| common shares | holding | — | — | — | 105,217 | 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 unitsF1,F3 | $0.00 | May 1, 2016 | M | 14,994 | D | May 1, 2016 | Dec 31, 2016 | common shares | 14,994 | 29,990 | D |
Explanation of responses
- F1Represents the conversion upon vesting of 14,994 restricted share units into common shares. Each restricted share unit represented a contingent right to receive one common share of IMAX Corporation.
- F2Mr. Gelfond is reporting the sale of 7,741 common shares to satisfy his legal tax withholding obligations in connection with the delivery of the converted 14,994 common shares.
- F3This represents the number of restricted stock units issued for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following this transaction will be 1,577,648; 224,216 and 127,570 respectively.