X0303 4 2009-11-11 0 0001162315 AMBASSADORS GROUP INC EPAX 0001168665 THOMAS MARGARET M 2001 SOUTH FLINT ROAD SPOKANE WA 99224 0 1 0 0 Executive Vice President Common Stock 2009-11-11 4 F 0 2073 12.250 D 207598 D Common Stock 2009-11-12 4 A 0 14161 0.00 A 267759 D Stock Option (Right to buy) 12.04 2009-11-12 4 A 0 37266 0.00 A 2019-11-12 Common Stock 37266 1213948 D Includes 221,062 shares of common stock and restricted common stock owned by Mrs.Thomas' spouse, Jeffrey Thomas. The options vest in four equal annual installments beginning November 12, 2010. Of the 1,213,948 options beneficially held by Mr. and Mrs. Thomas, as of November 17, 2009, 884,682 have vested and 329,266 remain unexercisable. Includes 970,610 options to purchase common stock owned by Mr. Thomas, of which 711,985 have vested and 258,625 remain unexercisable. Margaret M. Thomas 2009-11-17