SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* EPSTEIN GLENN H (Last) (First) (Middle) 450 OLD NISKAYUNA ROAD P.O BOX 461 (Street) LATHAM NY 12110-0461 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol INTERMAGNETICS GENERAL CORP [ IMGC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) Chairman and CEO
	3. Date of Earliest Transaction (Month/Day/Year) 09/19/2006
	4. If Amendment, Date of 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

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 Stock	09/25/2006		G		36,680	D	$0.00	422,540	D
Common Stock	11/09/2006		D		422,540(1)	D	$27.5	0	D

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 Securities Underlying Derivative Security (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: 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 (Right to Buy)	$9.06	11/08/2006		D			31,764(2)	04/04/2002	04/04/2011	Common Stock	31,764	$18.44	0	D
Stock Options (Right to Buy)	$9.06	11/08/2006		D			5,120(3)	04/04/2002	04/04/2001	Common Stock	5,120	$18.44	0	D
Stock Options (Right to Buy)	$10.44	11/08/2006		D			112,500(4)	01/30/2003	01/30/2012	Common Stock	112,500	$17.06	0	D
Restricted Stock Units	$0.00	11/08/2006		D			409,500(5)	05/29/2005(6)	08/27/2007	Common Stock	409,500	$27.5	0	D
Restricted Stock Units	$0.00	11/08/2006		D			622,500(5)	05/25/2008(6)	08/31/2010	Common Stock	622,500	$27.5	0	D

Explanation of Responses:

1. Disposed of pursuant to an Agreement and Plan of Merger (the "Merger Agreement") among the issuer, Phillips Holding, USA, Inc. and Jumbo Acquisition Corp. in exchange for $27.50 per share.

2. This option was cancelled pursuant to the Merger Agreement in exchange for a $585,728.16 cash payment, representing the excess of $27.50 over the per share exercise price of the multiplied by the number of shares subject to the option, whether vested or unvested

3. This option was cancelled pursuant to the Merger Agreement in exchange for a $94,449.68 cash payment, representing the excess of $27.50 over the per share exercise price of the multiplied by the number of shares subject to the option, whether vested or unvested

4. This option was cancelled pursuant to the Merger Agreement in exchange for a $1,919,250 cash payment, representing the excess of $27.50 over the per share exercise price of the multiplied by the number of shares subject to the option, whether vested or unvested

5. All of the reporting person's Restricted Stock Units were cancelled pursuant to the Merger Agreement in exchange for $27,245,982.50 cash payment, representing $27.50 multiplied by 990,763 shares subject to the RSU, whether vested or unvested. No payment was made with respect to 41,237 shares, which were cancelled in connection with a Transition Agreement between the executive and Philips.

6. The Restricted Stock Units were scheduled to vest beginning on or after the date shown, based on satisfaction of certain performance criteria.

Remarks:

Attorney-in-Fact

	* By: /s/ Katherine Sheehan	11/13/2006
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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