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)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer
(Last)
(First)
(Middle)
110 EAST 59TH STREET, SUITE 2100
3. Date of Earliest Transaction (Month/Day/Year)
11/15/2012
(Street)

NEW YORK, NY 10022
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) (1)               191,650 D  
common shares 11/15/2012   C   30,000 A $ 5.24 221,650 D  
common shares 11/15/2012   S   30,000 D $ 21.82 191,650 D  
common shares 11/16/2012   C   90,000 A $ 5.24 281,650 D  
common shares 11/16/2012   S   90,000 D $ 21.95 191,650 D  
common shares 11/19/2012   C   100,000 A $ 5.24 291,650 D  
common shares 11/19/2012   S   100,000 D $ 22.13 191,650 D  
common shares               10,050 I by "Pamela Gelfond Trust"
common shares               10,050 I by "Claudia Gelfond Trust"
common shares               108,750 I by "Richard Gelfond IRA"

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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
stock options (to buy) $ 5.24 11/15/2012   C     30,000   (2) 06/03/2014 common shares 30,000 $ 5.24 289,000 D  
stock options (to buy) $ 5.24 11/16/2012   C     90,000 06/03/2005 06/03/2014 common shares 90,000 $ 5.24 199,000 D  
stock options (to buy) $ 5.24 11/19/2012   C     100,000   (3) 06/03/2014 common shares 100,000 $ 5.24 99,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GELFOND RICHARD L
110 EAST 59TH STREET
SUITE 2100
NEW YORK, NY 10022
  X     Chief Executive Officer  

Signatures

 Richard L Gelfond   11/19/2012
**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) The transactions reported on this form do not change Mr. Gelfond's common shares holdings.
(2) The options became exercisable in 2 installments: 19,000 on December 3, 2004 and 11,000 on June 3, 2005.
(3) The options became exercisable in 2 installments: 49,000 on June 3, 2005 and 51,000 on December 3, 2005.

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