Sec Form 4 Filing - Savant Don @ IMAX CORP - 2017-03-07

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
Savant Don
2. Issuer Name and Ticker or Trading Symbol
IMAX CORP [ IMAX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
President, Global Sales
(Last) (First) (Middle)
12582 WEST MILLENNIUM
3. Date of Earliest Transaction (MM/DD/YY)
03/07/2017
(Street)
LOS ANGELES, CA90094
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) 0 D
common shares 03/07/2017 M 1,531 ( 1 ) A $ 0 1,531 D
common shares 03/08/2017 S 576 ( 2 ) D $ 32.2649 955 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 ( 3 ) ( 4 ) 03/07/2017 A 7,512 ( 5 ) 01/01/2021 common shares 7,512 ( 4 ) 7,512 D
stock options (to buy) $ 32.45 03/07/2017 A 9,109 ( 6 ) 03/07/2024 common shares 9,109 $ 32.45 9,109 D
restricted share units $ 0 ( 1 ) 03/07/2017 M 1,531 ( 1 ) 03/07/2017 12/01/2017 common shares 1,531 $ 0 ( 1 ) 6,122 ( 7 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Savant Don
12582 WEST MILLENNIUM
LOS ANGELES, CA90094
President, Global Sales
Signatures
Don Savant 03/09/2017
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Represents the conversion upon vesting of restricted share units into common shares. Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
( 2 )Mr. Savant is reporting the sale of common shares to satisfy his tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit
( 3 )Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
( 4 )Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
( 5 )The restricted share units vest and will be converted to common shares in four installments 1,502 on March 7, 2018; 1,878 on each of March 7, 2019 and March 7, 2020 and 2,254 on December 1, 2020.
( 6 )The stock options become exercisable in four installments: 1,822 on March 7, 2018, 2,277 on each of March 7, 2019 and March 7, 2020 and 2,733 on March 7, 2021.
( 7 )This represents the number of restricted share units for this transaction only. Mr. Savant's aggregate remaining outstanding option, restricted share unit and common share balances following this transaction will be 24,590; 13,634 and 955 respectively.

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