SEC FORM 4

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

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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^*

RUBY G MARY

(Last)

(First)

(Middle)

2525 SPEAKMAN DRIVE

C/O IMAX CORPORATION

(Street)

MISSISSAUGA

L5K 1B1

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
IMAX CORP [ IMAX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Administrative Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/29/2017

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
common shares (opening balance)								10,855	D
common shares	12/29/2017		M		5,717⁽¹⁾	A	$0.00⁽⁴⁾	16,572	D
common shares	12/29/2017		F		3,063⁽²⁾	D	$23.15	13,509	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
restricted share units⁽³⁾	$0.00⁽⁴⁾	12/29/2017		M			1,435⁽¹⁾	12/29/2017	12/01/2018	common shares	1,435	$0.00⁽⁴⁾	0⁽⁵⁾	D
restricted share units⁽³⁾	$0.00⁽⁴⁾	12/29/2017		M			2,260⁽¹⁾	12/29/2017	12/01/2019	common shares	2,260	$0.00⁽⁴⁾	0⁽⁵⁾	D
restricted share units⁽³⁾	$0.00⁽⁴⁾	12/29/2017		M			2,022⁽¹⁾	12/29/2017	01/01/2021	common shares	2,022	$0.00⁽⁴⁾	867⁽⁵⁾	D
restricted share units⁽³⁾	$0.00⁽⁴⁾	12/31/2017		E			867⁽⁶⁾	12/01/2020	01/01/2021	common shares	867	$0.00⁽⁴⁾	0⁽⁵⁾	D
options	$32.45	12/31/2017		E			1,050⁽⁶⁾	03/07/2021	03/07/2024	common shares	1,050	$32.45	2,453⁽⁵⁾	D

Explanation of Responses:

1. Represents the conversion upon vesting of restricted share units into common shares. Each tranche vested December 29, 2017 in connection with Ms. Ruby's retirement from IMAX Corporation.

2. Ms. Ruby is reporting the withholding by IMAX 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 for transactions reported on this Form 4 only. Ms. Ruby's aggregate remaining outstanding option, restricted share unit and common share balances following these transaction will be 56,196; 0 and 13,509 respectively.

6. Cancelled upon Ms Ruby's retirement from IMAX Corporation.

Remarks:

	G. Mary Ruby	01/02/2018
	** 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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