We report computer simulations of oscillatory athermal quasistatic shear deformation of dense amorphous samples of a three-dimensional model glass former. A dynamical transition is observed as the amplitude of the deformation is varied: For large values of the amplitude the system exhibits diffusive behavior and loss of memory of the initial conditions, whereas localization is observed for small amplitudes. Our results suggest that the same kind of transition found in driven colloidal systems is present in the case of amorphous solids (e.g., metallic glasses). The onset of the transition is shown to be related to the onset of energy dissipation. Shear banding is observed for large system sizes, without, however, affecting qualitative aspects of the transition.