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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 4 OMB APPROVAL
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[_] Check this box if no longer OMB NUMBER: 3235-0287
subject to Section 16. Form 4 Expires: September 30, 1998
or Form 5 obligations may Estimated average burden
continue. See Instruction 1(b). hours per response ...... 0.5
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STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
(Print or Type Responses)
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1. Name and Address of Reporting Person*
Atchison, Robert L.
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(Last) (First) (Middle)
500 Broadway, M/S 1202
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(Street)
Redwood City, CA 94063-3199
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(City) (State) (Zip)
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2. Issuer Name and Ticker or Trading Symbol
Ampex Corporation (AXC)
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3. IRS Identification Number of Reporting Person, if an entity (Voluntary)
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4. Statement for Month/Year
5/99
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5. If Amendment, Date of Original (Month/Year)
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6. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
----- ------
X Officer (give Other (Specify
----- title below) ------ below)
Vice President
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7. Individual or Joint/Group Filing (Check Applicable Laws)
X Form filed by One Reporting Person
----
Form filed by More than One Reporting Person
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<TABLE>
<CAPTION>
Table 1 -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired (A) 5. Amount of 6. Ownership 7. Nature
(Instr. 3) action action or Disposed of (D) Securities Form: of Indirect
Date Code Beneficially Direct Beneficial
(Instr. 8) (Instr. 3,4 and 5) Owned at (D) or Ownership
(Month/ ------------ -------------------------- End of Month Indirect (Instr. 4)
Day/ Code V Amount (A) or Price (Instr. 3 (I)
Year) (D) and 4) (Instr. 4)
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Class A Common Stock 5/26/99 S 22,300 D 4 5/16 $ 0 D
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
Class A Common Stock 5/26/99 S 7,500 D 4 3/8 $ 0 D
- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
Class A Common Stock 5/26/99 S 840 D 4 1/2 $ 0 D
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Class A Common Stock 5/26/99 S 4,700 D 4 7/16 $ 0 D
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Class A Common Stock 5/28/99 S 16,000 D 4 1/2 $ 0 D
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- -------------------------- ---------- ------ ---- -------- ------ ------ -------------- ------------ -------------
</TABLE>
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).
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 control number.
(Over)
SEC 1474 (7-97)
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FORM 4 (continued)
<TABLE>
<CAPTION>
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security 2. Conversion 3. Transaction 4. Transacation 5. Number of Derivative 6. Date Exercisable
(Instr. 3) or Exercise Date Code Securities Acquired (A) and Expiration
Price of (Month/Day/ (Instr. 8) or Disposed of (D) Date
Derivative Year) (Instr. 3, 4, and 5) (Month/Day/
Security Year)
--------------- -------------------------- -------------------
Code V (A) (D) Date Expiration
Exer- Date
cisable
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Option to acquire (Note 1) 1.0625 5/25/99 M V 17,660 5/6/99 8/6/00
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
Option to acquire (Note 1) 1.0625 5/25/99 M V 17,680 5/6/99 11/6/08
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
Option to acquire (Note 1) 1.0625 5/28/99 M V 4,440 5/6/99 8/6/00
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
Option to acquire (Note 1) 1.0625 5/28/99 M V 11,560 5/6/99 11/6/08
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
- ------------------------------- -------------- -------------- -------- ----- --------------- ---------- -------- ----------
</TABLE>
<TABLE>
<CAPTION>
7. Title and Amount of 8. Price of Derivative 9. Number of Derivative 10. Ownership Form 11. Nature of Indirect
Underlying Securities Security (Instr. 5) Securities Beneficially of Derivative Security: Beneficial Ownership
(Instr. 3 and 4) Owned at End of Month Direct (D) or (Instr. 4)
(Instr. 4) Indirect (I) (Instr. 4)
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Title Amount or
Number of
Shares
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<S> <C> <C> <C> <C>
Class A
Common Stock 17,660 $ 0 0 D
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Class A
Common Stock 17,680 $ 0 0 D
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Class A
Common Stock 4,440 $ 0 0 D
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Class A
Common Stock 11,560 $ 0 0 D
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- ------------------------ ---------------------- -------------------------- --------------------------- ------------------------
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</TABLE>
Explanation of Responses:
Note 1 - Exercise of non-qualified stock option granted pursuant to Rule 16(b)
under the Ampex Corporation Stock Incentive Plan (the "Plan"). The Column 9
total includes other options outstanding under the Plan that have identical
exercise prices and exercisability dates.
**Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
/s/ Robert L. Atchison 6-7-99
_______________________________ ______________
**Signature of Reporting Person Date
Robert L. Atchison
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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SEC 1474 (7-97)
