X0202 4 2008-05-08 0 0001162315 AMBASSADORS GROUP INC EPAX 0001157280 UEBERROTH JOSEPH 1071 CAMELBACK STREET NEWPORT BEACH CA 92660 1 0 0 0 Common Stock 2008-05-08 4 A 0 679 0 A 169510 D Stock Option 18.41 2008-05-08 4 A 0 1832 0 A 2018-05-08 Common Stock 1832 12736 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 12,736 options held by Mr. Ueberroth, as of May 12, 2008, 8,767 options have vested and 3,969 options remain unexercisable. Joseph J. Ueberroth 2008-05-12