SEC Form 4 · accession 0001214659-17-001793
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
G Mary Ruby
Officer — Chief Administrative Officer
Period of report
Mar 7, 2017
Accepted (ET)
Mar 9, 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 | Mar 7, 2017 | M | 778 | $0.00 | A | 10,275 | D | |
| common sharesF1 | Mar 7, 2017 | M | 652 | $0.00 | A | 10,927 | D | |
| common sharesF1 | Mar 7, 2017 | M | 566 | $0.00 | A | 11,493 | D | |
| common sharesF2 | Mar 8, 2017 | S | 1,071 | $32.2649 | D | 10,422 | D | |
| common shares | Mar 7, 2017 | C | 17,977 | $15.88 | A | 28,399 | D | |
| common shares | Mar 7, 2017 | S | 17,977 | $32.5622 | D | 10,422 | D | |
| common shares (opening balance) | holding | — | — | — | 9,497 | 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, 2017 | A | 2,889 | A | — | Jan 1, 2021 | common shares | 2,889 | 2,889 | D |
| stock options (to buy)F6 | $32.45 | Mar 7, 2017 | A | 3,503 | A | — | Mar 7, 2024 | common shares | 3,503 | 3,503 | D |
| restricted share unitsF1,F7 | $0.00 | Mar 7, 2017 | M | 778 | D | Mar 7, 2017 | Dec 1, 2018 | common shares | 778 | 935 | D |
| restricted share unitsF1,F7 | $0.00 | Mar 7, 2017 | M | 652 | D | Mar 7, 2017 | Dec 1, 2019 | common shares | 652 | 1,435 | D |
| restricted share unitsF1,F7 | $0.00 | Mar 7, 2017 | M | 566 | D | Mar 7, 2017 | Dec 1, 2020 | common shares | 566 | 2,260 | D |
| stock options (to buy)F8 | $15.88 | Mar 7, 2017 | C | 17,977 | D | — | Mar 12, 2017 | common shares | 17,977 | 0 | 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.
- F2Ms. Ruby is reporting the sale of common shares to satisfy her 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 578 on March 7, 2018; 722 on each of March 7, 2019 and March 7, 2020 and 867 on December 1, 2020.
- F6The stock options become exercisable in four installments: 701 on March 7, 2018, 876 on each of March 7, 2019 and March 7, 2020 and 1,050 on March 7, 2021.
- F7This represents the number of restricted share units for this transaction only. Ms. Ruby's aggregate remaining outstanding option, restricted share unit and common share balances following this transaction will be 57,246; 7,519 and 10,422 respectively.
- F8The shares became exercisable as follows: 7,477 on March 12, 2014 and 10,500 March 12, 2015. This award was expiring on March 12, 2017.