Ownership Submission
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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(Print or Type Responses)
1. Name and Address of Reporting Person *
GELFOND RICHARD L
  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)
Chief Executive Officer
(Last)
(First)
(Middle)
902 BROADWAY, 20TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2018
(Street)

NEW YORK 10010-6002
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)               235,154 D  
common shares 12/31/2018   M   21,761 (1) A $ 0 256,915 D  
common shares 12/31/2018   F   11,636 (2) D $ 18.18 245,279 (3) 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 (4) (5) 12/31/2018   M     21,761 (1) 12/31/2018 01/31/2020 common shares 21,761 (5) 65,283 (3) D  
stock options (to buy) $ 18.75 01/02/2019   A   522,979 (6)     (7) 01/02/2029 common shares opening balance 522,979 $ 18.75 522,979 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GELFOND RICHARD L
902 BROADWAY
20TH FLOOR
NEW YORK 10010-6002
      Chief Executive Officer  

Signatures

 Richard L. Gelfond   01/03/2019
**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.
(2) Mr. Gelfond is reporting the withholding of common shares by IMAX Corporation to satisfy his tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit
(3) This represents the number of restricted share units or stock options for this transaction only. Mr. Gelfond's aggregate remaining outstanding option, restricted share unit and common share balances following these transaction will be 3,396,343; 65,283 and 245,279 respectively.
(4) Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
(5) Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
(6) The stock options were granted pursuant to Mr. Gelfond's November 2016 employment renewal with IMAX Corporation.
(7) The stock options become exercisable in three installments: 174,326 on each of May 1, 2019; September 1, 2019 and 174,327 on December 31, 2019.

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