Sec Form 4 Filing - GELFOND RICHARD L @ IMAX CORP - 2016-12-31

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
GELFOND RICHARD L
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
X __ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last) (First) (Middle)
110 EAST 59TH STREET, SUITE 2100
3. Date of Earliest Transaction (MM/DD/YY)
12/31/2016
(Street)
NEW YORK, NY10022
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 (opening balance) 141,047 D
common shares 7,550 I by "Pamela Gelfond Trust"
common shares 7,550 I by "Claudia Gelfond Trust"
common shares 12/31/2016 M 14,995 ( 1 ) A $ 0 156,042 D
common shares 12/31/2016 F 7,733 ( 2 ) D $ 31.4 148,309 D
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
restricted share units $ 0 ( 1 ) 12/31/2016 M 14,995 ( 1 ) 12/31/2016 01/31/2017 common shares 14,995 $ 0 ( 1 ) 0 ( 3 ) D
stock options (to buy) $ 31.9 01/03/2017 A 356,757 ( 4 ) 01/03/2027 common shares 356,757 $ 31.9 356,757 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GELFOND RICHARD L
110 EAST 59TH STREET
SUITE 2100
NEW YORK, NY10022
X Chief Executive Officer
Signatures
Richard L. Gelfond 01/05/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
( 2 )Mr. Gelfond is reporting 7,733 common shares withheld to satisfy his tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transaction.
( 3 )This represents the number of restricted share units for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following this transaction will be 2,420,689; 325,330 and 163,409 respectively.
( 4 )The stock options become exercisable in nine installments: 39,640 on each of May 1, 2017; September 1, 2017; May 1, 2018; December 31, 2018; September 1, 2019 and December 31, 2019; and 39,639 on each of December 31, 2017; September 1, 2018 and May 1, 2019.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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