X0202 4 2006-11-09 0 0001162315 AMBASSADORS GROUP INC EPAX 0001142223 THOMAS JEFFREY D 110 SOUTH FERRALL STREET SPOKANE WA 99202 1 1 0 0 President and CEO Common Stock 2006-11-09 4 A 0 25000 0 A 173507 D Stock Option (Right to Buy) 27.46 2006-11-09 4 A 0 65000 0 A 2016-11-09 Common Stock 65000 926764 D Includes 20,286 shares of common stock and restricted common stock owned by Mr. Thomas' spouse, Margaret Thomas. The option vests in four equal annual installments beginning November 9, 2007. A total of 677,986 options are fully vested and exercisable. The remaining 248,778 options are unexercisable. Includes options to purchase 165,186 shares of common stock beneficially owned by Mr. Thomas' spouse, Margaret Thomas, which are fully vested and exercisable. Also includes 28,357 options to purchase common stock beneficially owned by Margaret Thomas that are unexercisable. Jeffrey D. Thomas 2006-11-13