OMB Number 3235-0287
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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).)
Bramson, Edward J.
(Last) (First) (Middle)
590 Madison Avenue, 21st Floor
(Street)
New York, NY 10022
(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)
2/98
5. If Amendment, Date of Original
(Month/Year)
6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
/x/ Director /x/ 10% Owner
/x/ Officer (give title below) / / Other (specify below)
Chairman and CEO
7. Individual or Joint/Group filing (Check Applicable Line)
/x/ Form filed by One Reporting Person
/ / Form filed by More than One Reporting Person
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C> <C> <C>
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) Beneficially Direct (D) Beneficial
(Month/ (Instr.8) Owned at or Ownership
Date/Year) End of Indirect
Month (I)
(Inst. 3 and 4) (Instr. 4) (Instr. 4)
Code V Amount (A) or (D) Price
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Class A Common
Stock (Note 1) 2/18/98 A V 75,000 A $2.9375 2,759,910 D
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2,920,545 1 Note 2
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(over)
SEC 1474 (7-96)
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
FORM 4 (continued)
TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C> <C>
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
vative /Day (Instr. 3, 4,
Security Year) and 5)
Code V (A) (D) Date Exer- Expiration
cisable Date
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<S> <C> <C> <C> <C> <C>
1. Title of 7. Title and Amount of 8. Price of 9. Number of 10. Ownership 11. Nature of
Derivative Underlying Securities 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
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</TABLE>
Explanation of Responses: THE FILING OF THIS REPORT SHALL NOT BE DEEMED AN
ADMISSION THAT THE REPORTING PERSON IS, FOR PURPOSES OF SECTION 16 OR OTHERWISE,
THE BENEFICIAL OWNER OF ALL OF THE SECURITIES DESCRIBED IN NOTE 2 TO TABLE I OF
THIS REPORT.
Note 1. The issuer's Board of Directors approved the purchase of these
securities by the reporting person as an exempt transaction under Rule 16b-3.
Note 2. This number includes 400,000 shares owned by SH Securities Co., LLC,
a limited liability company controlled by Mr. Bramson ("SHSC"); 1,450,000 shares
owned by Sherborne Investments Corporation ("SIC"), of which Mr. Bramson is the
controlling stockholder; 376,979 shares owned by Sherborne & Company
Incorporated ("SCI"), of which Mr. Bramson is the controlling stockholder,
574,192 shares owned by Sherborne Holdings Incorporated ("SHI"), a subsidiary
of Newhill Partners, L.P. (of which SCI is the general partner); and 119,374
shares owned by NH Bond Corp. ("NHBC"), a subsidiary of SHI. Mr. Bramson may
be deemed to be the beneficial owner of the shares owned by SHSC, SIC, SCI, SHI
and NHBC.
** Intentional misstatements or omissions of facts constitute Federal
Criminal Violations. See 18 U.S.C. 1001 and 15
U.S.C. 78ff(a).
/s/ Edward J. Bramson 3/5/98
**Signature of Reporting Person Date
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.
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