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Technology Stocks : Ampex Corporation (AEXCA) -- Ignore unavailable to you. Want to Upgrade?

To: Stephen R. Parsons who wrote (4202)	12/28/1998 10:09:00 PM
From: killybegs	Read Replies (1) \| Respond to of 17679

Best place to always check first is the annual proxy...form 14A..the info on yahoo re mckibben is wrong..this is a paste from the 14A "Craig L. McKibben is a director and executive officer of the Company. His address is 590 Madison Avenue, 21st Floor, New York, New York 10022. Mr. McKibben has stated, in certain filings with the Securities and Exchange Commission pursuant to Sections 13(d) and 16(a) of the Exchange Act, that he disclaims, or does not admit, beneficial ownership of certain shares shown in the table above for purposes of Sections 13(d), 13(g) and 16 of the Exchange Act, or otherwise. Mr. McKibben serves as co-administrator of the Ampex Trust (see Note 3 below) and, accordingly, Mr. McKibben may be deemed to beneficially own all shares of Common Stock beneficially owned by such trust. However, he has no pecuniary interest in the shares held by the Ampex Trust and has stated in filings with the Securities and Exchange Commission under Section 13(d) of the Exchange Act that he expressly disclaims any beneficial interest in such shares. The number of shares of Class A Stock shown in the table as beneficially owned by Mr. McKibben includes the following: 219,656 shares owned by Mr. McKibben directly; 273,000 shares subject to outstanding options held by Mr. McKibben under the Company's 1992 Stock Incentive Plan (of which 208,000 such options are currently exercisable or will become exercisable within 60 days of the Record Date); 150,000 shares subject to outstanding options granted to Mr. McKibben by SHI; and 2,407,480 shares reported in the table as beneficially owned by the Ampex Trust. Of the total shares reported as beneficially owned, Mr. McKibben shares voting power with respect to 219,656 shares and shares investment power with respect to 2,407,480 shares." He owns 219,656 shares directly. Any notion that inside ownership is not significant is silly. Take a close look at the proxy..many of the scientists own significant stock through the Ampex Master Trust etc. Also, you are correct. McKibben bought 15,000 shares in 12/95 and 10,000 at 9.75 in May 96. The sales in May-June 97 were related to stock held by Lanesborough and Sherborne. The equity in Lanesborough was sold by the Sherborne entities and the Ampex held in that had to be liquidated. If you want to verify, you'll note a change of control filing in Lanesborough at the relevant time period...