SCHEDULE 13G
Amendment No. 5
Ampex Incorporated
Class A common stock
Cusip # 032092108
Filing Fee: No
Cusip # 032092108
Item 1: Reporting Person - FMR Corp. - (Tax ID: 04-2507163)
Item 4: Commonwealth of Massachusetts
Item 5: 57,188
Item 6: None
Item 7: 1,520,741
Item 8: None
Item 9: 1,520,741
Item 11: 20.29%
Item 12: HC
Cusip # 032092108
Item 1: Reporting Person - Edward C. Johnson 3d - (Tax ID:
###-##-####)
Item 4: United States of America
Item 5: None
Item 6: None
Item 7: 1,520,741
Item 8: None
Item 9: 1,520,741
Item 11: 20.29%
Item 12: IN
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Item 1(a). Name of Issuer:
Ampex Incorporated
Item 1(b). Name of Issuer's Principal Executive Offices:
401 Broadway
Redwood City, CA 94063
Item 2(a). Name of Person Filing:
FMR Corp.
Item 2(b). Address or Principal Business Office or, if None,
Residence:
82 Devonshire Street, Boston, Massachusetts 02109
Item 2(c). Citizenship:
Not applicable
Item 2(d). Title of Class of Securities:
Class A Common Stock
Item 2(e). CUSIP Number:
032092108
Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-
2(b) and the person filing, FMR Corp., is a parent
holding company in accordance with Section 240.13d-
1(b)(ii)(G). (Note: See Item 7).
Item 4. Ownership
(a) Amount Beneficially Owned:
1,520,741
(b) Percent of Class:
20.29%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
57,188
(ii) shared power to vote or to direct the vote:
None
(iii) sole power to dispose or to direct the
disposition of: 1,520,741
(iv) shared power to dispose or to direct the
disposition of: None
Item 5. Ownership of Five Percent or Less of a Class.
Not applicable.
Item 6. Ownership of More than Five Percent on Behalf of Another
Person.
Various persons have the right to receive or the
power to direct the receipt of dividends from, or
the proceeds from the sale of, the Class A common
stock of Ampex Incorporated. The interest of one
person, Fidelity Capital & Income Fund, an
investment company registered under the Investment
Company Act of 1940, in the Class A common stock of
Ampex Incorporated, amounted to 962,448 shares or
12.84% of the total outstanding Class A common stock
at April 30, 1994. The number of shares of Class A
common stock of Ampex Incorporated owned by the
investment company at April 30, 1994 included
662,448 shares of Class A common stock resulting
from the assumed conversion of 662,448 shares of the
$.01 Warrants (1 share of Class A common stock for
each $.01 Warrants).
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent
Holding Company.
See attached Exhibit(s) A and B.
Item 8. Identification and Classification of Members of the
Group.
Not applicable, see attached Exhibit A.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
By signing below I certify that, to the best of my
knowledge and belief, the securities referred to
above were acquired in the ordinary course of
business and were not acquired for the purpose of
and do not have the effect of changing or
influencing the control of the issuer of such
securities and were not acquired in connection with
or as a participant in any transaction having such
purpose or effect.
Signature
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information
set forth in this Schedule 13G in connection with
FMR Corp's beneficial ownership of the Class A
common stock of Ampex Incorporated at April 30, 1994
is true, complete and correct.
May 5, 1994
Date
/s/Arthur S. Loring
Signature
Arthur S. Loring, Vice
President
Name/Title
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
Pursuant to the instructions in Item 7 of Schedule 13G,
Fidelity Management & Research Company ("Fidelity"), 82
Devonshire Street, Boston, Massachusetts 02109, a wholly-owned
subsidiary of FMR Corp. and an investment adviser registered
under Section 203 of the Investment Advisers Act of 1940, is the
beneficial owner of 1,403,448 shares or 18.73% of the Class A
common stock outstanding of Ampex Incorporated ("the Company") as
a result of acting as investment adviser to several investment
companies registered under Section 8 of the Investment Company
Act of 1940 The number of shares of Class A common stock of
Ampex Incorporated owned by the investment companies at April 30,
1994 included 1,103,488 shares of Class A common stock resulting
from the assumed conversion of 1,103,488 shares of the $.01
Warrants (1 share of Class A common stock for each $.01
Warrants).
The ownership of one investment company, Fidelity Capital &
Income Fund, amounted to 962,448 shares or 12.84% of the Class A
common stock outstanding. The number of shares of Class A common
stock of Ampex Incorporated owned by the investment company at
April 30, 1994 included 662,448 shares of Class A common stock
resulting from the assumed conversion of 662,448 shares of the
$.01 Warrants (1 share of Class A common stock for each $.01
Warrants). Fidelity Capital & Income Fund has its principal
business office at 82 Devonshire Street, Boston, Massachusetts
02109.
Edward C. Johnson 3d, FMR Corp., through its control of
Fidelity, and the Funds each has sole power to dispose of the
1,403,448 shares owned by the Funds.
Neither FMR Corp. nor Edward C. Johnson 3d, Chairman of FMR
Corp., has the sole power to vote or direct the voting of the
shares owned directly by the Fidelity Funds, which power resides
with the Funds' Boards of Trustees. Fidelity carries out the
voting of the shares under written guidelines established by the
Funds' Boards of Trustees.
Fidelity Management Trust Company, 82 Devonshire Street,
Boston, Massachusetts 02109, a wholly-owned subsidiary of FMR
Corp. and a bank as defined in Section 3(a)(6) of the Securities
Exchange Act of 1934, is the beneficial owner of 117,253 shares
or 1.56% of the Class A common stock outstanding of the company
as a result of its serving as investment manager of the
institutional account(s). The number of shares of Class A common
stock of Ampex Incorporated owned by the institutional account(s)
at April 30, 1994 included 117,253 shares of Class A common stock
resulting from the assumed conversion of 117,253 shares of the
$.01 Warrants described above.
FMR Corp., through its control of Fidelity Management Trust
Company, has sole dispositive power over 117,253 shares and sole
power to vote or to direct the voting of 57,188 shares, and no
power to vote or to direct the voting of 60,065 Shares of Class A
common stock owned by the institutional account(s) as reported
above.
Edward C. Johnson 3d owns 34.0% of the outstanding voting
common stock of FMR Corp. Mr. Johnson 3d is Chairman of FMR
Corp. Various Johnson family members and trusts for the benefit
of Johnson family members own FMR Corp. voting common stock.
These Johnson family members, through their ownership of voting
common stock, form a controlling group with respect to FMR Corp.
SCHEDULE 13G - TO BE INCLUDED IN STATEMENTS
FILED PURSUANT TO RULE 13d-1(b) or 13d-2(b)
RULE 13d-1(e) AGREEMENT
The undersigned persons, on May 5, 1994, agree and consent to
the joint filing on their behalf of this Schedule 13G in
connection with their beneficial ownership of the Class A common
stock of Ampex Incorporated at April 30, 1994.
FMR Corp.
By /s/Arthur S. Loring
Arthur S. Loring
Vice President - Legal
Edward C. Johnson 3d
By /s/Arthur S. Loring
Arthur S. Loring
Under Power of Attorney
dated 5/17/89
On File with Schedule 13G
for
Airborne Freight Corp.
9/10/91
Fidelity Management & Research
Company
By /s/Arthur S. Loring
Arthur S. Loring
Sr. V.P. and General
Counsel
Fidelity Capital & Income Fund
By /s/Arthur S. Loring
Arthur S. Loring
Secretary
