SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* VALUEVEST HIGH CONCENTRATION MASTER FUND, LTD. (Last) (First) (Middle) QUEENSGATE HOUSE 113 SOUTH CHURCH STREET, PO BOX 1234 (Street) GEORGE TOWN, GRAND CAYMAN E9 00000 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 03/19/2007	3. Issuer Name and Ticker or Trading Symbol AMPEX CORP /DE/ [ AMPX ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock, $0.01 par value per share	524,336	D(1)
Class A Common Stock, $0.01 par value per share	524,336	I(2)	See Exhibit 99
Class A Common Stock, $0.01 par value per share	524,336	I(3)	See Exhibit 99
Class A Common Stock, $0.01 par value per share	524,336	I(4)	See Exhibit 99

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* VALUEVEST HIGH CONCENTRATION MASTER FUND, LTD. (Last) (First) (Middle) QUEENSGATE HOUSE 113 SOUTH CHURCH STREET, PO BOX 1234 (Street) GEORGE TOWN, GRAND CAYMAN E9 00000 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* VALUEVEST MANAGEMENT CO II, LLC (Last) (First) (Middle) ONE FERRY BUILDING, SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BAKAR MARK B (Last) (First) (Middle) C/O VALUEVEST ONE FERRY BUILDING, SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* CARIANI DAVID (Last) (First) (Middle) C/O VALUEVEST ONE FERRY BUILDING, SUITE 255 (Street) SAN FRANCISCO CA 94111 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. See Exhibit 99.

2. The number shown represents the number of the Issuer's securities beneficially owned by ValueVest Management Company II, LLC.

3. The number shown represents the number of the Issuer's securities beneficially owned by Mark B. Bakar.

4. The number shown represents the number of the Issuer's securities beneficially owned by David Cariani.

	ValueVest High Concentration Master Fund, Ltd., By: /s/ Mark B. Bakar, Director	03/21/2007
	ValueVest Management Company II, LLC, By: /s/ David Cariani, Managing Member	03/21/2007
	/s/ Mark B. Bakar	03/21/2007
	/s/ David Cariani	03/21/2007
	** Signature of Reporting Person	Date
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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.