OMB Number 3235-0287
Expires: September 30, 1998
U.S. 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).
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(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person (If the form is filed by more than
one reporting person, see Instruction 4(b)(v).)
Talcott Joel D.
(Last) (First) (Middle)
500 Broadway
(Street)
Redwood City CA 94063
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Ampex Corporation (AXC)
3. IRS or Social Security Number of Reporting Person
(Voluntary)
4. Statement for
(Month/Year)
8/98
5. If Amendment, Date of Original
(Month/Year)
<PAGE>
6. Relationship of Reporting Persons to Issuer
(Check all applicable)
_______ Director ______ 10% Owner
X Officer (give title below) ______ Other (specify
below)
Vice President and Secretary
7. Individual or Joint/Group filing (Check Applicable Line)
___X___ Form filed by One Reporting Person
_______ Form filed by More than One Reporting Person
C/M: 11115.0000 446408.1
<PAGE>
<TABLE>
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<CAPTION>
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature of
Security action action or Disposed of (D) Securities Form: Indirect
(Instr.3) Date Code (Instr.3, 4 and 5) Beneficial Direct (D) Beneficial
(Month (Instr.8) ly Owned or Ownership
/Date/Year) at End of Indirect
Month (I) (Instr. 4)
(Inst. 3 (Instr. 4)
and 4)
------------------ ---------------------------------
Code V Amount (A) or (D) Price
<S> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock 8/20/98 P 10,000 A $1.50 28,500 D
Class A Common Stock 8/31/98 P 10,000 A $1.125
</TABLE>
SEC 1474 (7-96) Page 3
<PAGE>
<TABLE>
TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially
Owned (e.g., puts, calls, warrants, options, convertible
securities)
<CAPTION>
1. Title of 2 Conver- 3. Trans- 4. Transaction 5. Number of Deriv- 6. Date Exercisable and
Derivative sion or action Code ative Securities Expiration Date
Security Exercise Date Acquired (A) or (Month/Day/Year)
(Instr.3) Price of (Instr. 8) Disposed of (D)
Deri- (Month/Day/Year)
vative (Instr. 3, 4,
Security and 5)
--------------------------------------------------------------------------------
Code V (A) (D) Date Exer- Expiration
cisable Date
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
- ----------------------------------------------------------------------------------------------------------------------------------
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
1. Title of 7. Title and Amount of 8. Price of 9. Number of 10.Ownership 11. Nature of
Derivative Underlying Security Derivative Derivative Form of Deriva- Indirect Bene-
Security Security Securities tive Security: ficial Owner-
(Instr.3) (Instr.3 and 4) Beneficially Direct (D) or ship (Instr.
(Instr. 5) Owned at End Indirect (I) 4)
of Month (Instr. 4)
(Instr. 4)
------------------------------
Title Amount or
Number of
Shares
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
- --------------------------------------------------------------------------------------------------------------------------
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
Explanation of Responses:
SEC 1474 (7-96) Page 4
<PAGE>
JOEL D. TALCOTT September 2, 1998
**Signature of Reporting Person Date
** 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.
Potential persons who are to respond to the collection of information contained
in this form are not required to respond unless the form displays a currently
valid OMB Number.
SEC 1474 (7-96) Page 5
