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FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL
--------------------------- Washington, D.C. 20549 ----------------------------
[_]Check this box OMB Number: 3235-0287
if no longer subject STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Expires: December 31, 2001
of Section 16. Form 4 Estimated average burden
or Form 5 obligations Filed pursuant to Section 16(a) of the Securities Exchange hours per response.......0.5
may continue. See Act of 1934, Section 17(a) of the Public Utility Holding ----------------------------
Instruction 1(b). Company Act of 1935 or Section 30(f) of the
Investment Company Act of 1940
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(Print or Type Responses)
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1. Name and Address of Reporting Person*
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(Last) (First) (Middle)
Bramson, Edward J.
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(Street)
135 East 57th Street, 32nd Floor
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(City) (State) (Zip)
New York, New York 10022
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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
11/00
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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)
[X] Director [X] 10% Owner
[X] Officer (give title below) [_] Other (specify below)
President, Chairman and CEO
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7. Individual or Joint/Group Filing (Check Applicable Line)
[_] Form filed by One Reporting Person
[X] Form filed by More Than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of,
or Beneficially Owned
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<CAPTION>
1. 2. 3. 4. 5. 6. 7.
Title of Security Transaction Transaction Securities Acquired (A) or Amount of Owner- Nature of
(Instr. 3) Date Code Disposed of (D) Securities ship Indirect
(Month/Day) (Instr. 8) (Instr. 3, 4 and 5) Beneficially Form: Beneficial
Year) ---------------------------------------- Owned at End Direct Ownership
Code V Amount (A)or Price of Month (D) or (Instr. 4)
(D) (Instr. 3 Indirect
and 4) (I)
(Instr.4)
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Class A Common Stock (Note 1) 11/15/00 J V 400,000 Note 1 N/A
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Class A Common Stock 11/17/00 S 400,000 D $0.8125
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Class A Common Stock (Note 2) 11/17/00 P 400,000 A $0.8125 2,105,410 D
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Class A Common Stock (Note 2) 11/22/00 P 5,000 A $0.8125 3,780,045 I Note 3
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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).
<PAGE>
FORM 4 (continued)
Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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<CAPTION>
1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11.
Title of Conver- Trans- Trans- Number of Date Title and Amount Price Number Owner- Nature
Derivative sion action action Derivative Exercisable and of Underlying of of ship of
Security or Date Code Securities Expiration Date Securities Deriv- Deriv- Form In-
(Instr. 3) Exer- (Month/ (Instr. Acquired (A) (Month/Day/Year) (Instr. 3 and 4) ative ative of direct
cise Day/ 8) or Disposed Secur- Secur- Deriv- Bene-
Price Year) of(D) ity ities ative ficial
of (Instr. 3, (Instr. Bene- Secur- Owner-
Deriv- 4 and 5) 5) ficially ity: ship
ative --------------------------------------------------------- Owned Direct (Instr.
Secur- Code V (A) (D) Date Expira- Title Amount at End (D) or 4)
ity Exer- tion or of In-
cisable Date Number Month direct
of (Instr. (I)
Shares 4) (Instr.
4)
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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 1 OF
THIS REPORT.
Note 1: Represents transfer of shares to Sherborne Investments Corporation
("SIC"), of which Mr. Bramson is the controlling stockholder, in a transaction
exempt from reporting under Section 16a-13.
Note 2: Represents purchase by SHI (as defined in Note 3 below).
Note 3: This number includes 400,000 shares owned by SH Securities Co., LLC, a
limited liability company controlled by Mr. Bramson ("SHSC"); 1,850,000 shares
owned by SIC; 431,479 shares owned by Sherborne & Company Incorporated ("SCI"),
of which Mr. Bramson is the controlling stockholder; 979,192 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.
/s/ Edward J. Bramson 12/1/00
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**Signature of Reporting Person Date
Edward J. Bramson
Individually and as Managing Member of SHSC, President
of SIC, SCI and SHI, and Vice President of NHBC
** 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.
