Sec Form 4 Filing - Colligan Megan @ IMAX CORP - 2019-03-14

Insider filing report for Changes in Beneficial Ownership
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
- Peter Lynch
What is insider trading>>
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
OMB APPROVAL
OMB Number: 3235-0287
Expires: November 30, 2011
Estimated average burden hours per response... 0.5
1. Name and Address of Reporting Person
Colligan Megan
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, IMAX Entertainment
(Last) (First) (Middle)
12582 WEST MILLENNIUM DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
03/14/2019
(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 ( 1 ) 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
stock options (to buy) $ 23.36 03/14/2019 A 72,992 ( 2 ) ( 3 ) 03/07/2026 common shares 72,992 $ 23.36 72,992 ( 4 ) D
stock options (to buy) $ 23.36 03/14/2019 A 51,581 ( 2 ) ( 5 ) 03/07/2026 common shares 51,581 $ 23.36 51,581 ( 4 ) D
restricted share units ( 6 ) $ 0 ( 7 ) 03/14/2019 A 21,404 ( 2 ) ( 8 ) ( 8 ) common shares 21,404 $ 0 ( 7 ) 21,404 ( 4 ) D
restricted share units ( 6 ) $ 0 ( 7 ) 03/14/2019 A 48,159 ( 2 ) ( 9 ) ( 9 ) common shares 48,159 $ 0 ( 7 ) 48,159 ( 4 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Colligan Megan
12582 WEST MILLENNIUM DRIVE
LOS ANGELES, CA90094
President, IMAX Entertainment
Signatures
Megan Colligan 03/16/2019
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Ms. Colligan became an executive officer of IMAX Corporation on February 19, 2019.
( 2 )Granted pursuant to Ms. Colligan's October 2018 employment agreement with IMAX Corporation.
( 3 )The stock options will become exercisable in three installments: 24,087 on each of March 7, 2020 and March 7, 2021 and 24,818 on March 7, 2022.
( 4 )Ms. Colligan's aggregate outstanding option, restricted share unit and common share balances following these transactions will be 124,573; 69,563 and 0 respectively.
( 5 )The stock options will become exercisable in four installments: 10,316 on March 7, 2020; 12,895 each on March 7, 2021 and March 7, 2022 and 36,106 on March 7, 2023.
( 6 )Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
( 7 )Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
( 8 )The restricted share units vest and will be converted to common shares in three installments: 7,063 on each of March 7, 2020 and March 7, 2021 and 7,278 on March 7, 2022.
( 9 )The restricted share units vest and will be converted to common shares in four installments: 9,631 on March 7, 2020; 12,039 on each of March 7, 2021 and March 7, 2022 and 14,450 on December 1, 2022.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.