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 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 * OREILLY LARRY   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 _____ Officer (give title below) _____ Other (specify below) Exec VP, Worldwide Sales (Last) (First) (Middle) 2525 SPEAKMAN DRIVE, C/O IMAX CORPORATION 3. Date of Earliest Transaction (Month/Day/Year) 03/07/2015 (Street) MISSISSAUGA, A6 L5K 1B1 4. If Amendment, Date Original Filed(Month/Day/Year) 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 (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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)               6,900 D   common shares 03/07/2015   M   2,375 (1) A $ 0 9,275 D   common shares 03/07/2015   M   2,547 (1) A $ 0 11,822 D   common shares 03/09/2015   S   1,179 (2) D $ 33.85 10,643 D   common shares 03/09/2015   S   1,265 (2) D $ 33.85 9,378 D

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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 (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

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 (Month/Day/Year)

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)

03/07/2015

A

9,985

(5)

12/01/2018

common shares

9,985

(4)

9,985

D

stock options (to buy)

$ 33.8

03/07/2015

A

12,417

(6)

03/07/2022

common shares

12,417

$ 33.8

12,417

D

restricted share units

$ 0 (1)

03/07/2015

M

2,375 (1)

03/07/2015

12/01/2016

common shares

2,375

$ 0 (1)

5,225

D

restricted share units

$ 0 (1)

03/07/2015

M

2,547 (1)

03/07/2015

12/01/2017

common shares

2,547

$ 0 (1)

10,189

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
OREILLY LARRY 2525 SPEAKMAN DRIVE C/O IMAX CORPORATION MISSISSAUGA, A6 L5K 1B1			Exec VP, Worldwide Sales

Signatures

Larry OReilly		03/10/2015
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(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. O'Reilly is reporting the sale of 2,444 common shares to satisfy his 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 vest and will be converted to common shares in four installments: 1,997 on March 7, 2016; 2,496 on each of March 7, 2017 and March 7, 2018 and 2,996 on December 1, 2018.
(6)	The stock options become exercisable in four installments: 2,483 on March 7, 2016, 3,104 on each of March 7, 2017 and March 7, 2018 and 3,726 on March 7, 2019.

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