X0303 4 2010-03-05 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 2010-03-05 4 M 0 17084 3.99 A 284843 D Common Stock 2010-03-05 4 S 0 100 12.31 D 284743 D Common Stock 2010-03-05 4 S 0 1 12.30 D 284742 D Common Stock 2010-03-05 4 S 0 1066 12.29 D 283676 D Common Stock 2010-03-05 4 S 0 458 12.27 D 283218 D Common Stock 2010-03-05 4 S 0 1200 12.26 D 282018 D Common Stock 2010-03-05 4 S 0 2502 12.25 D 279516 D Common Stock 2010-03-05 4 S 0 4 12.23 D 279512 D Common Stock 2010-03-05 4 S 0 402 12.20 D 279110 D Common Stock 2010-03-05 4 S 0 100 12.19 D 279010 D Common Stock 2010-03-05 4 S 0 100 12.17 D 278910 D Common Stock 2010-03-05 4 S 0 1475 12.15 D 277435 D Common Stock 2010-03-05 4 S 0 300 12.13 D 277135 D Common Stock 2010-03-05 4 S 0 150 12.10 D 276985 D Common Stock 2010-03-05 4 S 0 2094 12.05 D 274891 D Common Stock 2010-03-05 4 S 0 500 12.04 D 274391 D Common Stock 2010-03-05 4 S 0 700 12.02 D 273691 D Common Stock 2010-03-05 4 S 0 2535 12.00 D 271156 D Common Stock 2010-03-05 4 S 0 2300 11.96 D 268856 D Common Stock 2010-03-05 4 S 0 1097 11.95 D 267759 D Stock Option (Right to buy) 3.99 2010-03-05 4 M 0 17084 0.00 A 2004-05-31 2010-05-31 Common Stock 17084 1111140 D At the conclusion of all sales on March 5, 2010, includes 221,062 shares of common stock and restricted common stock owned by Mrs.Thomas' spouse, Jeffrey D. Thomas. Of the 1,111,140 options beneficially held by Mr. and Mrs. Thomas, as of March 5,2010, 781,874 have vested and 329,266 remain unexercisable. Includes 884,886 options to purchase common stock owned by Mr. Thomas, of which 626,261 have vested and 258,625 remain unexercisable. Margaret M. Thomas 2010-03-08