SEC Form 4 · accession 0001214659-18-002010
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
Mar 7, 2018
Accepted (ET)
Mar 9, 2018 · 5:15 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, 2018 | M | 8,876 | $0.00 | A | 86,480 | D | |
| common sharesF2 | Mar 8, 2018 | S | 4,889 | $20.3985 | D | 81,591 | D | |
| common shares (opening balance) | holding | — | — | — | 77,604 | 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,F1,F4,F5 | $0.00 | Mar 7, 2018 | M | 8,876 | D | Mar 7, 2018 | Dec 1, 2018 | common shares | 8,876 | 0 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted share units into common shares.
- F2Mr. Foster is reporting the sale of common shares to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share units.
- 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.
- F5This represents the number of restricted share units for this transaction only. Mr. Foster's aggregate outstanding option, restricted share unit and common share balances following this transaction will be 703,636; 76,460 and 81,591 respectively.