# EDGAR Filing Document

**Accession Number:** 0000921582
**File Stem:** 0001214659-23-003708
**Filing Date:** 2023-3
**Character Count:** 9481
**Document Hash:** 28e0340a0bc8a86f2dbe3ab3b46cf8cc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001214659-23-003708.hdr.sgml**: 20230309

**ACCESSION NUMBER**: 0001214659-23-003708

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230307

**FILED AS OF DATE**: 20230309

**DATE AS OF CHANGE**: 20230309

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** Tu Denny
- **CENTRAL INDEX KEY:** 0001807475

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35066
- **FILM NUMBER:** 23720647

**MAIL ADDRESS:**
- **STREET 1:** 12582 WEST MILLENNIUM DRIVE
- **CITY:** PLAYA VISTA
- **STATE:** CA
- **ZIP:** 90094
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** IMAX CORP
- **CENTRAL INDEX KEY:** 0000921582
- **STANDARD INDUSTRIAL CLASSIFICATION:** PHOTOGRAPHIC EQUIPMENT & SUPPLIES [3861]
- **IRS NUMBER:** 980140269
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 2525 SPEAKMAN DRIVE
- **CITY:** MISSISSAUGA
- **STATE:** A6
- **ZIP:** L5K 1B1
- **BUSINESS PHONE:** 9054036500

**MAIL ADDRESS:**
- **STREET 1:** 2525 SPEAKMAN DRIVE
- **CITY:** MISSISSAUGA
- **STATE:** A6
- **ZIP:** L5K 1B1

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>Tu Denny<br><sub>(Last) (First) (Middle)</sub><br>12582 WEST MILLENNIUM DRIVE<br><sub>(Street)</sub><br>PLAYA VISTA, CA 90094<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-07 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Marketing Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>IMAX CORP [ IMAX ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| common shares (opening balance) |  |  |  |  |  |  |  | 9421 | D |  |
| common shares | 2023-03-07 |  | M |  | 4212<sup>(1)</sup> | A | $0.00 | 13633 | D |  |
| common shares | 2023-03-07 |  | M |  | 1006<sup>(1)</sup> | A | $0.00 | 14639 | D |  |
| common shares | 2023-03-07 |  | M |  | 3505<sup>(1)</sup> | A | $0.00 | 18144 | D |  |
| common shares | 2023-03-07 |  | M |  | 3412<sup>(1)</sup> | A | $0.00 | 21556 | D |  |
| common shares | 2023-03-07 |  | M |  | 4948<sup>(1)</sup> | A | $0.00 | 26504 | D |  |
| common shares | 2023-03-07 |  | F |  | 6171<sup>(2)</sup> | D | $18.43 | 20333 | D |  |
| common shares | 2023-03-07 |  | A |  | 9127<sup>(3)</sup> | A | $0.00 | 29460 | D |  |
| common shares | 2023-03-07 |  | F |  | 3417<sup>(4)</sup> | D | $18.43 | 26043 | D |  |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| restricted share units<sup>(5)</sup> | 0.00<sup>(6)</sup> | 2023-03-07 |  | M |  |  | 4212<sup>(1)</sup> | <sup>(7)</sup> | <sup>(7)</sup> | common shares | 4212 | 0.00<sup>(6)</sup> | 0<sup>(12)</sup> | D |  |
| restricted share units<sup>(5)</sup> | 0.00<sup>(6)</sup> | 2023-03-07 |  | M |  |  | 1006<sup>(1)</sup> | <sup>(8)</sup> | <sup>(8)</sup> | common shares | 1006 | 0.00<sup>(6)</sup> | 0<sup>(12)</sup> | D |  |
| restricted share units<sup>(5)</sup> | 0.00<sup>(6)</sup> | 2023-03-07 |  | M |  |  | 3505<sup>(1)</sup> | <sup>(9)</sup> | <sup>(9)</sup> | common shares | 3505 | 0.00<sup>(6)</sup> | 0<sup>(12)</sup> | D |  |
| restricted share units<sup>(5)</sup> | 0.00<sup>(6)</sup> | 2023-03-07 |  | M |  |  | 3412<sup>(1)</sup> | <sup>(10)</sup> | <sup>(10)</sup> | common shares | 3412 | 0.00<sup>(6)</sup> | 3412<sup>(12)</sup> | D |  |
| restricted share units<sup>(5)</sup> | 0.00<sup>(6)</sup> | 2023-03-07 |  | M |  |  | 4948 | <sup>(10)</sup> | <sup>(9)</sup> | common shares | 4948 | 0.00<sup>(6)</sup> | 9896<sup>(12)</sup> | D |  |
| restricted share units<sup>(5)</sup> | 0.00<sup>(6)</sup> | 2023-03-07 |  | A |  | 14075 |  | <sup>(11)</sup> | <sup>(11)</sup> | common shares | 14075 | 0.00<sup>(6)</sup> | 14075<sup>(12)</sup> | D |  |

---

### Footnotes:

(1) Represents the conversion upon vesting of restricted share units into common shares.

(2) Mr. Tu 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. Tu 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 installments: 4,211 on each of March 7, 2021 and March 7, 2022 and 4,212 on March 7, 2023.

(8) The restricted share units vest and will be converted to common shares in three installments: 1,005 on each of March 7, 2021 and March 7, 2022 and 1,006 on March 7, 2023.

(9) The restricted share units vest and will be converted to common shares in two equal installments on each of the first two anniversaries of the grant date.

(10) 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.

(11) The restricted share units vest and will be converted to common shares in three installments: 4,691 on each of March 7, 2023 and March 7, 2024 and 4,693 on March 7, 2024.

(12) This represents the number of restricted share units for this transaction only. Mr. Tu's aggregate remaining outstanding option, restricted share unit and common share balances following these transactions will be 14,754, 27,383 and 26,043, respectively.

**Signature:** Kenneth I. Weissman (attorney-in-fact for Denny Tu)  
**Date:** 2023-03-09

### Remarks:

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).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**