SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* DOUGLAS KEVIN (Last) (First) (Middle) 125 E. SIR FRANCIS DRAKE DLVD. STE 400 (Street) LARKSPUR CA 94939 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 04/18/2007	3. Issuer Name and Ticker or Trading Symbol IMAX CORP [ IMAX ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) X Other (specify below) 13(d)(3) Group	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,745,800	D(1)(2)
Common Stock	812,000	I(2)(3)	By Douglas Family Trust
Common Stock	1,096,200	I(2)(4)	By James Douglas and Jean Douglas Irrevocable Descendants' Trust
Common Stock	406,000	I(2)(5)	By James E. Douglas III

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* DOUGLAS KEVIN (Last) (First) (Middle) 125 E. SIR FRANCIS DRAKE DLVD. STE 400 (Street) LARKSPUR CA 94939 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) 13(d)(3) Group

1. Name and Address of Reporting Person* DOUGLAS FAMILY TRUST (Last) (First) (Middle) 125 E. SIR FRANCIS DRAKE DLVD. STE 400 (Street) LARKSPUR CA 94939 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) 13(d)(3) Group

1. Name and Address of Reporting Person* JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST (Last) (First) (Middle) 125 E. SIR FRANCIS DRAKE DLVD. STE 400 (Street) LARKSPUR CA 94939 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) 13(d)(3) Group

1. Name and Address of Reporting Person* DOUGLAS JAMES E III (Last) (First) (Middle) 125 E. SIR FRANCIS DRAKE DLVD. STE 400 (Street) LARKSPUR CA 94939 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) X Other (specify below) 13(d)(3) Group

Explanation of Responses:

1. These shares are held directly and jointly by Kevin Douglas and his wife, Michelle Douglas.

2. Each of the reporting persons hereunder (individually, a 'Reporting Person' and, collectively, the "Reproting Person") may be deemed a member of a 'group' within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'), or Rule 13d-5 promulgated under the Exchange Act with one or more of the other Reporting Persons. Although the Reporting Person is a beneficial owner of any securities other than those directly held by such Reporting Person. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

3. These shares are held directly by the Douglas Family Trust and indirectly by Kevin Douglas. James E. Douglas, Jr. and Jean A. Douglas, husband and wife, are each a co-trustee of the Douglas Family Trust.

4. These shares are held directly by the James Douglas and Jean Douglas Irrevocable Descendants' Trust and indirectly by Kevin Douglas. Kevin Douglas adn Michelle Douglas, husband and wife, are each co-trustee of the James douglas adn Jean Douglas Irrevocable Descendants' Trust.

5. These shares are held directly by James E. Douglas III and indirectly by Kevin Douglas.

	/s/ Tim McGaw for Kevin Douglas	04/24/2007
	/s/ Tim McGaw for James Douglas & Jean Douglas Irrevocable descendants' Trust	04/24/2007
	/s/ Tim McGaw for Douglas Family Trust	04/24/2007
	/s/ Tim McGaw for James E. Douglas III	04/24/2007
	** 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 5 (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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