Form 4 for IMAX IMAX CORP
Accepted 2023-03-09 00:00:00 ET · period of report 2023-03-07 · accession 0001214659-23-003711 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2023-03-09 | 2023-03-07 | IMAX | WELTON MARK | Pres, IMAX Theatres | M - OptEx | $0.00 | +57.1K | 121.3K | +89% | $0 |
| D | 2023-03-09 | 2023-03-07 | IMAX | WELTON MARK | Pres, IMAX Theatres | S - Sale+OE | $18.35 | -20.0K | 82.3K | -20% | -$367.0K |
| DM | 2023-03-09 | 2023-03-07 | IMAX | WELTON MARK | Pres, IMAX Theatres | F - Tax | $18.43 | -43.8K | 102.3K | -30% | -$807.8K |
| D | 2023-03-09 | 2023-03-07 | IMAX | WELTON MARK | Pres, IMAX Theatres | A - Grant | $0.00 | +24.8K | 115.5K | +27% | $0 |
| D | 2023-03-09 | 2023-03-07 | IMAX | WELTON MARK | Pres, IMAX Theatres | A - Grant | $0.00 | +38.9K | 38.9K | New | $0 |
| DM | 2023-03-09 | 2023-03-07 | IMAX | WELTON MARK | Pres, IMAX Theatres | M - OptEx | $0.00 | -57.1K | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | common shares | 2023-03-07 | M | A | 6,841 | $0.00 | 94,650 | D | — | — | (F1) Represents the conversion upon vesting of restricted share units into common shares. |
| 2 | Common | common shares | 2023-03-07 | M | A | 14,733 | $0.00 | 109,383 | D | — | — | (F1) Represents the conversion upon vesting of restricted share units into common shares. |
| 3 | Common | common shares | 2023-03-07 | S | D | 20,000 | $18.35 | 82,271 | D | — | — | |
| 4 | Common | common shares | 2023-03-07 | F | D | 30,576 | $18.43 | 90,764 | D | — | — | (F2) 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. |
| 5 | Common | common shares | 2023-03-07 | A | A | 24,764 | $0.00 | 115,528 | D | — | — | (F3) 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. |
| 6 | Common | common shares | 2023-03-07 | F | D | 13,257 | $18.43 | 102,271 | D | — | — | (F4) 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. |
| 7 | Common | common shares | 2023-03-07 | M | A | 23,586 | $0.00 | 87,809 | D | — | — | (F1) Represents the conversion upon vesting of restricted share units into common shares. |
| 8 | Common | common shares | 2023-03-07 | M | A | 11,957 | $0.00 | 121,340 | D | — | — | (F1) Represents the conversion upon vesting of restricted share units into common shares. |
| 9 | Derivative | restricted share units | 2023-03-07 | A | A | 38,873 | $0.00 | 38,873 | D | $0.00 · — to — | 38,873 common shares | (F5) Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. (F6) Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. (F12) 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). (F11) 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. |
| 10 | Derivative | restricted share units | 2023-03-07 | M | D | 14,733 | $0.00 | 14,734 | D | $0.00 · — to — | 14,733 common shares | (F5) Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. (F1) Represents the conversion upon vesting of restricted share units into common shares. (F6) Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. (F12) 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). (F9) 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. |
| 11 | Derivative | restricted share units | 2023-03-07 | M | D | 11,957 | $0.00 | 23,916 | D | $0.00 · — to — | 11,957 common shares | (F5) Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. (F1) Represents the conversion upon vesting of restricted share units into common shares. (F6) Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. (F12) 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). (F10) 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. |
| 12 | Derivative | restricted share units | 2023-03-07 | M | D | 23,586 | $0.00 | 0 | D | $0.00 · — to — | 23,586 common shares | (F5) Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. (F1) Represents the conversion upon vesting of restricted share units into common shares. (F6) Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. (F12) 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). (F7) 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. |
| 13 | Derivative | restricted share units | 2023-03-07 | M | D | 6,841 | $0.00 | 0 | D | $0.00 · — to — | 6,841 common shares | (F5) Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation. (F1) Represents the conversion upon vesting of restricted share units into common shares. (F6) Each restricted share unit is the economic equivalent of one common share of IMAX Corporation. (F12) 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). (F8) 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. |