Statement of Changes in Beneficial Ownership (4)
December 03 2020 - 4:26PM
Edgar (US Regulatory)
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 OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Weissman Kenneth Ian |
2. Issuer Name and Ticker or Trading Symbol
IMAX CORP
[
IMAX
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Sr VP & Corporate Secretary |
(Last)
(First)
(Middle)
902 BROADWAY, 20TH FLOOR |
3. Date of Earliest Transaction
(MM/DD/YYYY)
12/1/2020 |
(Street)
NEW YORK, NY 10010-6002
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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common shares (opening balance) | | | | | | | | 7820 | D | |
common shares | 12/1/2020 | | M | | 867 (1) | A | $0.00 | 8687 | D | |
common shares | 12/1/2020 | | F | | 295 (2) | D | $15.13 | 8392 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. 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 | 7. Title and Amount of Securities Underlying Derivative Security (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) | $0.00 (4) | 12/1/2020 | | M | | | 867 (1) | (5) | (5) | common shares | 867 | $0.00 (4) | 0 (6) | D | |
Explanation of Responses: |
(1) | Represents the conversion upon vesting of restricted share units into common shares. |
(2) | Mr. Weissman is reporting the withholding of common shares to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share units. |
(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 vested and 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. |
(6) | This represents the number of restricted share units for this transaction only. Mr. Weissman's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 26,239; 19,399 and 8,392, respectively. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Weissman Kenneth Ian 902 BROADWAY 20TH FLOOR NEW YORK, NY 10010-6002 |
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| Sr VP & Corporate Secretary |
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Signatures
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/s/ Kenneth Ian Weissman | | 12/3/2020 |
**Signature of Reporting Person | Date |
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