SEC Form 4 · accession 0001214659-17-004377
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Greg Foster
Officer — CEO IMAX Entertain & ESVP IMAX
Period of report
Jul 2, 2017
Accepted (ET)
Jul 6, 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 shares (opening balance) | holding | — | — | — | 67,018 | 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,F2,F5,F3 | — | Jul 2, 2017 | A | 35,795 | A | — | Aug 1, 2020 | common shares | 35,795 | 35,795 | D |
| stock options (to buy)F5,F4 | $22.00 | Jul 2, 2017 | A | 171,010 | A | — | Jul 2, 2024 | common shares | 171,010 | 171,010 | D |
Explanation of responses
- F1Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
- F2Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
- F3The restricted share units vest and will be converted to common shares in three installments: 11,932 on July 2, 2018; 11,931 on July 2, 2019 and 11,932 on July 2, 2020. These restricted share units were granted as per Mr. Foster's employment agreement with IMAX Corporation.
- F4The stock options will become exercisable in three installments: 57,003 on each of July 2, 2018 and July 2, 2019; and 57,004 on July 2, 2020. These stock options were granted as per Mr. Foster's employment agreement with IMAX Corporation.
- F5Mr. Foster's aggregate outstanding option, restricted share unit and common share balances following this grant will be 703,636; 108,905 and 67,018 respectively.