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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT 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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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
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) |
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Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
restricted share units (3) | (4) | 03/07/2018 | M | 4,415 (1) | 03/07/2017 | 12/01/2019 | common shares | 4,415 | (4) | 9,713 (5) | D | ||||
restricted share units (3) | (4) | 03/07/2018 | M | 3,467 (1) | 03/07/2017 | 01/01/2021 | common shares | 3,467 | (4) | 13,867 (5) | D | ||||
restricted share units (3) | (4) | 03/07/2018 | A | 35,971 | (6) | 12/31/2021 | common shares | 35,971 | (4) | 35,971 (5) | D | ||||
stock options (to buy) | $ 20.85 | 03/07/2018 | A | 39,432 | (7) | 03/07/2025 | common shares | 39,432 | $ 20.85 | 39,432 | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
WELTON MARK 2525 SPEAKMAN DRIVE C/O IMAX CORPORATION MISSISSAUGA, A6 L5K 1B1 |
President, IMAX Theatres |
Mark Welton | 03/08/2018 | |
**Signature of Reporting Person | Date |
* | 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. Welton is reporting the sale of common shares to satisfy the tax withholding obligations in connection with the delivery of common shares upon conversion of the restricted share unit |
(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) | This represents the number of restricted share units or stock options for this transaction only. Mr. Welton's aggregate remaining outstanding option, restricted share unit and common share balances following these transaction will be 225,854; 59,551 and 13,366 respectively. |
(6) | The restricted share units vest and will be converted to common shares in four installments 7,194 on March 7, 2019; 8,993 on each of March 7, 2020 and March 7, 2021 and 10,791 on December 1, 2021. |
(7) | The stock options become exercisable in four installments: 7,886 on March 7, 2019, 9,858 on each of March 7, 2020 and March 7, 2021 and 11,830 on March 7, 2022. |