SEC Form 4 · accession 0001214659-17-001795
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Jeffrey Vance
Officer — Sr VP, Finance & Controller
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 | 3,724 | D | |
| common sharesF1 | Mar 7, 2017 | M | 652 | $0.00 | A | 4,376 | D | |
| common sharesF1 | Mar 7, 2017 | M | 566 | $0.00 | A | 4,942 | D | |
| common sharesF2 | Mar 8, 2017 | S$0 | 1,071 | $0.00 | D | 3,871 | D | |
| common shares (opening balance) | holding | — | — | — | 2,946 | 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, 2023 | common shares | 3,503 | 3,503 | D |
| restricted share unitsF1,F7 | $0.00 | Mar 7, 2017 | M | 778 | D | Mar 7, 2017 | Dec 1, 2017 | common shares | 778 | 935 | D |
| restricted share unitsF1,F7 | $0.00 | Mar 7, 2017 | M | 652 | D | Mar 7, 2017 | Dec 1, 2018 | common shares | 652 | 1,435 | D |
| restricted share unitsF1,F7 | $0.00 | Mar 7, 2017 | M | 566 | D | Mar 7, 2017 | Dec 1, 2019 | common shares | 566 | 2,260 | 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. Vance is reporting the sale of 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 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. Mr. Vance's aggregate remaining outstanding option, restricted share unit and common share balances following this transaction will be 52,996; 9,269 and 3,871 respectively.