SEC Form 4 · accession 0001214659-18-004780
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, 2018
Accepted (ET)
Jul 5, 2018 · 5:56 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 sharesF1,F4 | Jul 2, 2018 | M | 11,932 | $0.00 | A | 93,523 | D | |
| common sharesF2 | Jul 2, 2018 | F | 6,563 | $21.45 | D | 86,960 | D | |
| common shares (opening balance) | holding | — | — | — | 81,591 | 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,F7,F5 | $0.00 | Jul 2, 2018 | A | 36,713 | A | — | Aug 1, 2021 | common shares | 36,713 | 36,713 | D |
| stock options (to buy)F7,F6 | $22.00 | Jul 2, 2018 | A | 170,454 | A | — | Jul 2, 2025 | common shares | 170,454 | 170,454 | D |
| restricted share unitsF3,F1,F4,F7 | $0.00 | Jul 2, 2018 | M | 11,932 | D | Jul 2, 2018 | Aug 1, 2020 | common shares | 11,932 | 23,863 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted share units into common shares.
- F2Mr. Foster is reporting the withholding by IMAX Corporation of 6,563 common shares to satisfy his tax withholding obligations in connection with the delivery of the converted common shares.
- 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 three installments: 12,237 on each of July 2, 2019 and n July 2, 2020 and 12,239 on July 2, 2021. These restricted share units were granted as per Mr. Foster's employment agreement with IMAX Corporation.
- F6The stock options will become exercisable in three installments: 56,818 on each of July 2, 2019; July 2, 2020; and July 2, 2021. These stock options were granted as per Mr. Foster's employment agreement with IMAX Corporation.
- F7Mr. Foster's aggregate outstanding option, restricted share unit and common share balances following these transactions will be 874,090; 101,241 and 86,960 respectively.