Ownership Submission
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, 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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(Print or Type Responses)
1. Name and Address of Reporting Person *
  DOUGLAS KEVIN
 2. Date of Event Requiring Statement (Month/Day/Year)
04/18/2007		 3. Issuer Name and Ticker or Trading Symbol
IMAX CORP [IMAX]
(Last)
(First)
(Middle)
125 E. SIR FRANCIS DRAKE DLVD., STE 400		 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 Original Filed(Month/Day/Year)
(Street)

LARKSPUR, CA 94939		 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: 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

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
DOUGLAS KEVIN
125 E. SIR FRANCIS DRAKE DLVD.
STE 400
LARKSPUR, CA 94939		     X   13(d)(3) Group
DOUGLAS FAMILY TRUST
125 E. SIR FRANCIS DRAKE DLVD.
STE 400
LARKSPUR, CA 94939		     X   13(d)(3) Group
JAMES & JEAN DOUGLAS IRREVOCABLE DESCENDANTS TRUST
125 E. SIR FRANCIS DRAKE DLVD.
STE 400
LARKSPUR, CA 94939		     X   13(d)(3) Group
DOUGLAS JAMES E III
125 E. SIR FRANCIS DRAKE DLVD.
STE 400
LARKSPUR, CA 94939		     X   13(d)(3) Group

Signatures

/s/ Tim McGaw for Kevin Douglas 04/24/2007
**Signature of Reporting Person Date
/s/ Tim McGaw for James Douglas & Jean Douglas Irrevocable descendants' Trust 04/24/2007
**Signature of Reporting Person Date
/s/ Tim McGaw for Douglas Family Trust 04/24/2007
**Signature of Reporting Person Date
/s/ Tim McGaw for James E. Douglas III 04/24/2007
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(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.

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