OMB Number 3235-0287
Expires: September 30, 1998
Estimated average
burden hours per response....0.5
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)
135 East 57th Street, 32nd 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)
11/99
5. If Amendment, Date of Original
(Month/Year)
6. Relationship of Reporting Persons 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>
<CAPTION>
TABLE I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
<S> <C> <C> <C> <C>
1. Title of 2. Trans- 3. Trans- 4. Securities Acquired (A)
Security action action or Disposed of (D)
(Instr.3) Date Code (Instr.3, 4 and 5)
(Month/ (Instr.8)
Day/
Year)
----------------------------------------------------------------------------
Code V Amount (A) or (D) Price
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/12/99 P 3,700 A $2.3125
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/12/99 P 8,800 A $2.375
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/12/99 P 2,000 A $2.4375
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/12/99 P 2,500 A $2.5
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/15/99 P 22,000 A $2.5
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/16/99 P 11,000 A $2.5
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/17/99 p 4,500 A $3.75
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/17/99 P 5,500 A $3.75
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/18/99 P 3,000 A $3.375
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/18/99 P 1,000 A $3.4375
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/19/99 P 2,000 A $3.4375
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/19/99 P 3,000 A $3.5
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/19/99 P 1,000 A $3.5625
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/22/99 P 2,000 A $3.375
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/22/99 P 1,000 A $3.3125
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/23/99 P 1,000 A $3.4375
- -------------------------------------------------------------------------------------------------------------------------
Class A Common Stock 11/24/99 P 1,000 A $4.00
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
1. Title of 5. Amount of 6. Ownership 7. Nature of
Security Securities Form: Indirect
(Instr.3) Beneficially Direct (D) Beneficial
Owned or Ownership
at End of Indirect
Month (I) (Instr. 4)
(Inst. 3 (Instr. 4)
and 4)
- -------------------------------
Class A Common Stock 2,975,045 I Note 1
- -------------------------------
Class A Common Stock I Note 1
- -------------------------------
Class A Common Stock I Note 1
- -------------------------------
Class A Common Stock I Note 1
- -------------------------------
Class A Common Stock I Note 1
- -------------------------------
Class A Common Stock I Note 1
- -------------------------------
- -------------------------------
Class A Common Stock I Note 1
- -------------------------------
Class A Common Stock 2,905,410 D Note 1
- -------------------------------
Class A Common Stock D
- -------------------------------
Class A Common Stock D
- -------------------------------
Class A Common Stock D
- -------------------------------
Class A Common Stock D
- -------------------------------
- -------------------------------
Class A Common Stock D
- -------------------------------
Class A Common Stock D
- -------------------------------
Class A Common Stock D
- -------------------------------
Class A Common Stock D
- -------------------------------
Class A Common Stock D
- -------------------------------
(over)
SEC 1474 (7-97)
<PAGE>
<TABLE>
<CAPTION>
TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
<S> <C> <C> <C> <C>
1. Title of 2 Conver 3. Trans 4. Transaction
Derivative sion or action Code
Security Exercise Date
(Instr.3) Price of (Instr. 8)
Deri (Month/
vative Day/
Security Year)
Code V
</TABLE>
1. Title of 5. Number of Deriv- 6. Date Exercisable and
Derivative ative Securities Expiration Date
Security Acquired (A) or (Month/Day/Year)
(Instr.3) Disposed of (D)
(Instr. 3, 4,
and 5)
(A) (D) Date Exer- Expiration
cisable Date
<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 Deri- Indirect Bene-
Security Security Securities vative Sec- ficial Owner-
(Instr.3) (Instr.3 and 4) Beneficially urity: Direct ship (Instr.
(Instr. 5) Owned at End (D) or 4)
of Month Indirect (I)
(Instr. 4)
Instr. 4)
Title Amount or
Number of
Shares
<S> <C> <C> <C> <C> <C> <C>
</TABLE>
Explanation of Responses: THE FILING OF THIS REPORT SHALL NOT BE DEEMED AN
ADMISSION THAT THE REPORTING PERSONS ARE, FOR PURPOSES OF SECTION 16 OR
OTHERWISE, THE BENEFICIAL OWNERS OF ALL OF THE SECURITIES DESCRIBED IN NOTES 2,
5 AND 7 TO TABLE I OF THIS REPORT.
Note 1. 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; 431,479 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 December 9, 1999
**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.
Page 2
SEC 1474 (7-97)
