X0305 4 2012-06-07 0 0001162315 AMBASSADORS GROUP INC EPAX 0001413417 Rusin Thomas J. 2001 SOUTH FLINT ROAD SPOKANE WA 99224 1 0 0 0 Common Stock 2012-06-07 4 A 0 2447 0.00 A 4779 D Stock Option 5.11 2012-06-07 4 A 0 6511 0 A 2022-06-07 Common Stock 6511 11890 D Pursuant to a Restricted Stock Agreement with the Company dated June 7, 2012, this stock grant will vest on the first anniversary of the date of the award, or the occurrence of the Company's annual stockholders' meeting next following the date of the award, whichever shall occur first. Pursuant to a Stock Option Agreement with the Company dated June 7, 2012, this stock option will vest in equal installments on June 7 in 2013, 2014, 2015 and 2016. Of the 11,890 options held by Mr. Rusin as of June 8, 2012, 1,344 options have vested and 10,546 options remain unexercisable. Thomas J. Rusin 2012-06-08