SEC Form 4 · accession 0001214659-16-014835
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
Nov 16, 2016
Accepted (ET)
Nov 18, 2016 · 4:00 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 shares | holding | — | — | — | 109,724 | D | ||
| common shares | holding | — | — | — | 7,550 | I | by "Pamela Gelfond Trust" | |
| common shares | holding | — | — | — | 7,550 | I | by "Claudia Gelfond Trust" |
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,F2 | $0.00 | Nov 16, 2016 | A | 195,846 | A | — | Jan 31, 2020 | common shares | 195,846 | 195,846 | D |
Explanation of responses
- F1Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
- F2The restricted share units vest and will be converted in seven installments: 65,280 on January 1, 2018; 21,761 on May 1, 2018; September 1, 2018; December 31, 2018; May 1, 2019; September 1, 2019 and December 31, 2019.
- 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 2,063,092; 405,067 and 124,824 respectively.