SEC Form 4 · accession 0001214659-19-002034
IMAX CORP · IMAX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Welton
Officer — President, IMAX Theatres
Period of report
Mar 7, 2019
Accepted (ET)
Mar 11, 2019 · 5:00 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 sharesF1 | Mar 7, 2019 | M | 4,415 | $0.00 | A | 17,781 | D | |
| common sharesF1 | Mar 7, 2019 | M | 4,334 | $0.00 | A | 22,115 | D | |
| common sharesF1 | Mar 7, 2019 | M | 7,194 | $0.00 | A | 29,309 | D | |
| common sharesF2 | Mar 8, 2019 | S | 8,639 | $22.4313 | D | 20,670 | D | |
| common shares (opening balance) | holding | — | — | — | 13,366 | 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,F6,F5 | $0.00 | Mar 7, 2019 | M | 4,415 | D | — | — | common shares | 4,415 | 5,298 | D |
| restricted share unitsF3,F1,F4,F6,F5 | $0.00 | Mar 7, 2019 | M | 4,334 | D | — | — | common shares | 4,334 | 9,533 | D |
| restricted share unitsF3,F1,F4,F6,F5 | $0.00 | Mar 7, 2019 | M | 7,194 | D | — | — | common shares | 7,194 | 28,777 | D |
| stock options (to buy)F6,F7 | $22.49 | Mar 7, 2019 | A | 49,504 | A | — | Mar 7, 2026 | common shares | 49,504 | 49,504 | D |
| restricted share unitsF3,F4,F6,F8 | $0.00 | Mar 7, 2019 | A | 46,687 | A | — | — | common shares | 46,687 | 46,687 | D |
Explanation of responses
- F1Represents the conversion upon vesting of restricted share units into common shares.
- F2Mr. Welton 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.
- F5The restricted share units vest and will be converted to common shares in four installments: 20% of the initial grant on the first anniversary of the grant date, 25% of the initial grant on each of the second and third anniversaries of the grant date and 30% of the initial grant on December 1 of the third year after the grant date.
- F6This represents the number of restricted share units or stock options for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 220,358; 90,295 and 20,670 respectively.
- F7The stock options will become exercisable in 4 installments: 9,900 on March 7, 2020; 12,376 on each of March 7, 2021 and March 7, 2022 and 14,852 on March 7, 2023.
- F8The restricted share units vest and will be converted to common shares in four installments 9,337 on March 7, 2020; 11,671 on each of March 7, 2021 and March 7, 2022 and 14,008 on December 1, 2022.