FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). Form 3 Holdings Reported Form 4 Transactions Reported

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * BRAMSON EDWARD J 2. Issuer Name and Ticker or Trading Symbol AMPEX CORP /DE/ [AEXCA] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director __X__ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chmn of the Board, Pres. & CEO (Last) (First) (Middle) 135 EAST 57TH STREET 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2004 (Street) NEW YORK, NY 10022 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Reporting (check applicable line) _X_ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Amount (A) or (D) Price

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Obligation to Sell

$ 27.5 (1)

12/31/2004

Â

E

Â

7,500 (1)

03/06/1995(2)

12/31/2004(3)

Class A Common Stock

7,500 (1)

$ 0

0 (4)

I

Note 1

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BRAMSON EDWARD J 135 EAST 57TH STREET NEW YORK, NY 10022	  X	  X	  Chmn of the Board, Pres. & CEO	Â

Signatures

Edward J. Bramson		06/01/2005
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This option was granted on March 6, 1995 by Sherborne Holdings Incorporated (of which the reporting person may be deemed to be a controlling stockholder) to a third party, and was previously reported as covering 150,000 shares with an exercise price of $1.375 per share. The number of shares and the exercise price were adjusted to reflect a 1 for 20 reverse stock split effected by the Issuer on June 12, 2003.
(2)	The option became exercisable with respect to 25% of the shares on each of the following dates: March 6, 1995, September 6, 1995, March 6, 1996 and September 6, 1996.
(3)	As originally written, the option was scheduled to expire on December 31, 1998, but was extended by agreement of the parties, for no additional consideration, until December 31, 2004.
(4)	The reporting person does not own any other options with the same exercise price and exercise period.

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