X0304 4 2011-12-22 0 0001162315 AMBASSADORS GROUP INC EPAX 0001007911 UEBERROTH JOHN A 26 CORPORATE PLAZA SUITE 150 NEWPORT BEACH CA 92660 1 0 0 0 Common Stock 2011-12-22 4 G 0 10000 0.0 D 649500 I See footnote On December 22, 2011, 10,000 shares of common stock held by the John and Gail Ueberroth Revocable Trust #1 were gifted to the John and Gail Ueberroth Family Foundation. As of February 21, 2012, Mr. Ueberroth's indirect beneficial ownership consists of 383,000 shares of common stock held by the John and Gail Uebrerroth Revocable Trust #1 for which Mr. Ueberroth has shared voting power and 266,500 shares held by the Jonn and Gail Ueberroth Revocable Trust #2 for which Mr. Ueberroth has shared voting power. The amount set forth in Table I, Section 5 above, does not include 71,000 shares of common stock held by the John and Gail Ueberroth Family Foundation. John A. Ueberroth 2012-02-21