Sec Form 4 Filing - Dolci Giovanni M. @ IMAX CORP - 2023-03-07

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
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, 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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1. Name and Address of Reporting Person
Dolci Giovanni M.
 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 Sales Officer
(Last) (First) (Middle)
7 STRATFORD PLACE 		3. Date of Earliest Transaction (MM/DD/YY)
03/07/2023
(Street)
LONDON, X0W1C 1AY 		4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 shares (opening balance) 15,328 D
common shares 03/07/2023 M 2,948 ( 1 ) A $ 0 18,276 D
common shares 03/07/2023 M 1,934 ( 1 ) A $ 0 20,210 D
common shares 03/07/2023 M 2,274 ( 1 ) A $ 0 22,484 D
common shares 03/07/2023 M 3,711 ( 1 ) A $ 0 26,195 D
common shares 03/07/2023 F 5,246 ( 2 ) D $ 18.43 20,949 D
common shares 03/07/2023 A 5,159 ( 3 ) A $ 0 26,108 D
common shares 03/07/2023 F 2,490 ( 4 ) D $ 18.43 23,618 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY) 		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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
restricted share units ( 5 ) $ 0 ( 6 ) 03/07/2023 M 2,948 ( 1 ) ( 7 ) ( 7 ) common shares 2,948 $ 0 ( 6 ) 0 ( 11 ) D
restricted share units ( 5 ) $ 0 ( 6 ) 03/07/2023 M 1,934 ( 1 ) ( 8 ) ( 8 ) common shares 1,934 $ 0 ( 6 ) 0 ( 11 ) D
restricted share units ( 5 ) $ 0 ( 6 ) 03/07/2023 M 2,274 ( 1 ) ( 9 ) ( 9 ) common shares 2,274 $ 0 ( 6 ) 2,276 ( 11 ) D
restricted share units ( 5 ) $ 0 ( 6 ) 03/07/2023 M 3,711 ( 1 ) ( 7 ) ( 7 ) common shares 3,711 $ 0 ( 6 ) 7,422 ( 11 ) D
restricted share units ( 5 ) $ 0 ( 6 ) 03/07/2023 A 8,042 ( 10 ) ( 10 ) common shares 8,042 $ 0 ( 6 ) 8,042 ( 11 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Dolci Giovanni M.
7 STRATFORD PLACE
LONDON, X0W1C 1AY		 Chief Sales Officer
Signatures
/s/ Kenneth I. Weissman (attorney-in-fact for Giovanni M. Dolci) 03/09/2023
Signature of Reporting Person Date
Explanation of Responses: ( 1 )Represents the conversion upon vesting of restricted share units into common shares.
( 2 )Mr. Dolci 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.
( 3 )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.
( 4 )Mr. Dolci 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.
( 5 )Each restricted share unit represents a contingent right to receive one common share of IMAX Corporation.
( 6 )Each restricted share unit is the economic equivalent of one common share of IMAX Corporation.
( 7 )The restricted share units vest and will be converted to common shares in three equal installments on each of the first three anniversaries of the grant date.
( 8 )The restricted share units vest and will be converted to common shares in two installments: 1,933 on March 7, 2022 and 1,934 on March 7, 2023.
( 9 )The restricted share units vest and will be converted to common shares in three installments: 2,274 on each of March 7, 2022 and March 7, 2023 and 2,276 on March 7, 2024.
( 10 )The restricted share units vest and will be converted to common shares in three installments: 2,680 on each of March 7, 2024 and March 7, 2025 and 2,682 on March 7, 2026.
( 11 )This represents the number of restricted share units for this transaction only. Mr. Dolci's aggregate remaining outstanding options, restricted share unit and common share balances following these transactions will be 6,188, 17,740 and 23,618, respectively.

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