SEC Form 4 · accession 0001214659-17-000123
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
Dec 31, 2016
Accepted (ET)
Jan 5, 2017 · 4:15 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 | Dec 31, 2016 | M | 14,995 | $0.00 | A | 156,042 | D | |
| common sharesF2 | Dec 31, 2016 | F | 7,733 | $31.40 | D | 148,309 | D | |
| common shares (opening balance) | holding | — | — | — | 141,047 | 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 | $0.00 | Dec 31, 2016 | M | 14,995 | D | Dec 31, 2016 | Jan 31, 2017 | common shares | 14,995 | 0 | D |
| stock options (to buy)F4 | $31.90 | Jan 3, 2017 | A | 356,757 | A | — | Jan 3, 2027 | common shares | 356,757 | 356,757 | D |
Explanation of responses
- F1Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
- F2Mr. Gelfond is reporting 7,733 common shares withheld to satisfy his tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transaction.
- F3This represents the number of restricted share units for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following this transaction will be 2,420,689; 325,330 and 163,409 respectively.
- F4The stock options become exercisable in nine installments: 39,640 on each of May 1, 2017; September 1, 2017; May 1, 2018; December 31, 2018; September 1, 2019 and December 31, 2019; and 39,639 on each of December 31, 2017; September 1, 2018 and May 1, 2019.