Filing Details
- Accession Number:
- 0001214659-23-003711
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-03-09 17:15:07
- Reporting Period:
- 2023-03-07
- Accepted Time:
- 2023-03-09 17:15:07
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 921582 | Imax Corp | IMAX | Photographic Equipment & Supplies (3861) | 980140269 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1255910 | Mark Welton | 2525 Speakman Drive C/O Imax Corporation Mississauga A6 L5K 1B1 | President, Imax Theatres | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares | Acquisiton | 2023-03-07 | 23,586 | $0.00 | 87,809 | No | 4 | M | Direct | |
| Common Shares | Acquisiton | 2023-03-07 | 6,841 | $0.00 | 94,650 | No | 4 | M | Direct | |
| Common Shares | Acquisiton | 2023-03-07 | 14,733 | $0.00 | 109,383 | No | 4 | M | Direct | |
| Common Shares | Acquisiton | 2023-03-07 | 11,957 | $0.00 | 121,340 | No | 4 | M | Direct | |
| Common Shares | Disposition | 2023-03-07 | 30,576 | $18.43 | 90,764 | No | 4 | F | Direct | |
| Common Shares | Acquisiton | 2023-03-07 | 24,764 | $0.00 | 115,528 | No | 4 | A | Direct | |
| Common Shares | Disposition | 2023-03-07 | 13,257 | $18.43 | 102,271 | No | 4 | F | Direct | |
| Common Shares | Disposition | 2023-03-07 | 20,000 | $18.35 | 82,271 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | F | Direct | |
| No | 4 | A | Direct | |
| No | 4 | F | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares | restricted share units | Disposition | 2023-03-07 | 23,586 | $0.00 | 23,586 | $0.00 |
| Common Shares | restricted share units | Disposition | 2023-03-07 | 6,841 | $0.00 | 6,841 | $0.00 |
| Common Shares | restricted share units | Disposition | 2023-03-07 | 14,733 | $0.00 | 14,733 | $0.00 |
| Common Shares | restricted share units | Disposition | 2023-03-07 | 11,957 | $0.00 | 11,957 | $0.00 |
| Common Shares | restricted share units | Acquisiton | 2023-03-07 | 38,873 | $0.00 | 38,873 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 14,734 | No | 4 | M | Direct | ||
| 23,916 | No | 4 | M | Direct | ||
| 38,873 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Shares (Opening Balance) | 64,223 | Direct |
Footnotes
- Represents the conversion upon vesting of restricted share units into common shares.
- Mr. Welton is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit transactions.
- Represents the conversion of vested performance stock units into common shares granted by the Company on March 7, 2020. The shares earned are based on the level of achievement on the EBITDA performance conditions over the three year performance period.
- Mr. Welton is reporting the withholding of common shares by IMAX Corporation to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the performance share unit transactions.
- Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
- Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
- The restricted share units vest and will be converted to common shares in three installments: 23,584 on each of March 7, 2021 and March 7, 2022 and 23,586 on March 7, 2023.
- The restricted share units vest and will be converted to common shares in two installments: 6,840 on March 7, 2022 and 6,841 shares on March 7, 2023.
- The restricted share units vest and will be converted to common shares in three installments: 14,733 on each of March 7, 2022 and March 7, 2023 and 14,734 on March 7, 2024.
- The restricted share units vest and will be converted to common shares in three installments: 11,957 on each of March 7, 2023 and March 7, 2024 and 11,959 on March 7, 2025.
- The restricted share units vest and will be converted to common shares in three installments: 12,957 on each of March 7, 2024 and March 7, 2025 and 12,959 on March 7, 2026.
- This represents the number of restricted share units for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 109,956 , 77,523 and 82,271, respectively. The number of outstanding options reflects the expiration of options to purchase 21,879 common shares on March 7, 2023. Mr. Welton did not receive any value in connection with such expiration; therefore, such expiration is exempt from Section 16(b) of the Securities Exchange Act of 1934, as amended, under Rule 16b-6(d).
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