X0202 4 2007-05-02 0 0001162315 AMBASSADORS GROUP INC EPAX 0001168668 JOHNSON RAFER L 5875 GREEN VALLEY CIRCLE CULVER CITY CA 90230 1 0 0 0 Common Stock 2007-05-02 4 A 0 361 0 A 1591 D Stock Option 34.65 2007-05-02 4 A 0 737 0 A 2017-05-02 Common Stock 737 23904 D Pursuant to a Restricted Stock Agreement with the Company dated May 2, 2007, this stock grant will vest on the annual shareowner meeting date in 2008. Pursuant to an agreement with the Company dated May 2, 2007, this stock option will vest in equal installments on the annual shareowner meeting date in 2008, 2009, 2010 and 2011. Of the 23,904 options held by Mr. Johnson, as of May 2, 2007, 21,339 options have vested and 2,565 options remain unexercisable. Rafer L. Johnson 2007-05-02