SEC Form 4 · accession 0001214659-18-002011
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert D Lister
Officer — Chief Legal & Sr Exec VP
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 | 6,213 | $0.00 | A | 47,669 | D | |
| common sharesF1 | Mar 7, 2018 | M | 7,363 | $0.00 | A | 55,032 | D | |
| common sharesF1 | Mar 7, 2018 | M | 8,089 | $0.00 | A | 63,121 | D | |
| common sharesF2 | Mar 8, 2018 | S | 11,874 | $20.3985 | D | 51,247 | D | |
| common shares (opening balance) | holding | — | — | — | 41,456 | 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 | 6,213 | D | Mar 7, 2018 | Dec 1, 2019 | common shares | 6,213 | 6,213 | D |
| restricted share unitsF3,F1,F4,F5 | $0.00 | Mar 7, 2018 | M | 7,363 | D | Mar 7, 2018 | Dec 1, 2020 | common shares | 7,363 | 14,725 | D |
| restricted share unitsF3,F1,F4,F5 | $0.00 | Mar 7, 2018 | M | 8,089 | D | Mar 7, 2018 | Jan 1, 2021 | common shares | 8,089 | 24,268 | D |
| restricted share unitsF3,F4,F5,F6 | $0.00 | Mar 7, 2018 | A | 50,359 | A | — | Dec 31, 2021 | common shares | 50,359 | 50,359 | D |
| stock options (to buy)F5,F7 | $20.85 | Mar 7, 2018 | A | 55,910 | A | — | Mar 7, 2025 | common shares | 55,910 | 55,910 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted share units into common shares.
- F2Mr. Lister 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 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.
- F5This represents the number of restricted share units or stock options for this transaction only. Mr. Lister's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 319,556; 102,039 and 51,247 respectively.
- F6The restricted share units vest and will be converted to common shares in four installments 12,590 on each of March 7, 2019; March 7, 2020 and March 7, 2021 and 12,589 on December 1, 2021.
- F7The stock options will become exercisable in 4 installments: 13,978 on each of March 7, 2019; March 7, 2020 and March 7, 2021 and 13,976 on March 7, 2022.