Sec Form 4 Filing - COPLAND KENNETH G @ IMAX CORP - 2012-03-12

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
COPLAND KENNETH G
2. Issuer Name and Ticker or Trading Symbol
IMAX CORP [ IMAX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
KGC LIMITED, 1 PALACE PIER COURT, SUITE 4402
3. Date of Earliest Transaction (MM/DD/YY)
03/12/2012
(Street)
ETOBICOKE, A6M8V 3W9
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
common shares 03/12/2012 C 8,000 ( 1 ) A $ 9.57 8,000 D
common shares 03/12/2012 C 2,592 ( 1 ) A $ 9.57 10,592 D
common shares 03/12/2012 S 10,592 ( 1 ) D $ 25.61 0 D
common shares 25,804 I KGC Ltd
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
stock options to buy $ 9.57 03/12/2012 C 8,000 ( 1 ) 04/14/2005 04/14/2012 common shares 8,000 ( 1 ) $ 9.57 0 D
stock options to buy $ 9.57 03/12/2012 C 2,592 ( 1 ) ( 2 ) 04/14/2012 common shares 2,592 ( 1 ) $ 9.57 0 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
COPLAND KENNETH G
KGC LIMITED
1 PALACE PIER COURT, SUITE 4402
ETOBICOKE, A6M8V 3W9
X
Signatures
Kenneth G Copland 03/13/2012
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Stock options scheduled to expire on April 14, 2012 were exercised sold as common shares.
( 2 )The options became exercisable in four equal installments of 648 options on each of July 14, 2005, October 14, 2005, January 14, 2006 and April 14, 2006.

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