X0202 4 2008-05-08 0 0001162315 AMBASSADORS GROUP INC EPAX 0001135040 BREN BRIGITTE M P.O. BOX 2648 BEVERLY HILLS CA 90213 1 0 0 0 Common Stock 2008-05-08 4 A 0 679 0 A 2270 D Stock Option 18.41 2008-05-08 4 A 0 1832 0 A 2018-05-08 Common Stock 1832 15736 D Pursuant to a Restricted Stock Agreement with the Company dated May 8, 2008, this stock grant will vest on the annual shareowner meeting date in 2009. Pursuant to an agreement with the Company dated May 8, 2008, this stock option will vest in equal installments on the annual shareowner meeting date in 2009, 2010, 2011 and 2012. Of the 15,736 options held by Ms. Bren, as of May 12, 2008,11,767 options have vested and 3,969 options remain unexercisable. Brigitte Bren 2008-05-12