SEC Form 4 · accession 0001214659-17-004046
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Eric A Demirian
Director
Period of report
Jun 14, 2017
Accepted (ET)
Jun 16, 2017 · 4:00 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 sharesF4 | Jun 14, 2017 | M | 4,980 | $0.00 | A | 22,925 | D | |
| common sharesF6 | Jun 15, 2017 | S | 2,670 | $25.1015 | D | 20,255 | D | |
| common shares (opening balance) | holding | — | — | — | 17,945 | 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,F2 | — | Jun 14, 2017 | A | 4,980 | A | Jun 14, 2017 | Jul 14, 2017 | common shares | 4,980 | 4,980 | D |
| restricted share unitsF1,F4,F2,F5 | — | Jun 14, 2017 | M | 4,980 | D | Jun 14, 2017 | Jul 14, 2017 | common shares | 4,980 | 0 | D |
Explanation of responses
- F1Each restricted share unit represented a contigent right to receive one common share of IMAX Corporation.
- F2Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
- F3Mr. Demirian received a grant of restricted share units in connection with his membership on the IMAX Corporation Board of Directors.
- F4Represents the conversion of vested restricted share units into common shares.
- F5This represents Mr. Demirian's restricted stock unit balance for this grant after this transaction. Mr. Demirian's total outstanding option and long share balances after this transaction will be 25,351 and 20,238 respectively.
- F6Mr. Demiran is reporting the sale of common shares to satisfy his tax obligation in connection with the delivery of converted common shares from his RSU annual grant awarded on June 14, 2017.