X0202 4 2008-05-08 0 0001162315 AMBASSADORS GROUP INC EPAX 0001253122 BYRNE DANIEL G 111 N. WALL STREET SPOKANE WA 99201 1 0 0 0 Common Stock 2008-05-08 4 A 0 679 0 A 3488 I See Footnote Stock Option 18.41 2008-05-08 4 A 0 1832 0 A 2018-05-08 Common Stock 1832 5736 I See Footnote 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. The shares are held by the Byrne Living Trust. 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 5,736 options held by Mr.Byrne, as of May 12, 2008, 1,767 options have vested and 3,969 options remain unexercisable. Daniel G. Byrne 2008-05-12