X0306 4 2012-12-20 0 0001162315 AMBASSADORS GROUP INC EPAX 0001142223 THOMAS JEFFREY D 2001 SOUTH FLINT ROAD SPOKANE WA 99224 1 1 0 0 President and CEO Common Stock 2012-12-20 4 A 0 31278 0.0 A 383017 D Common Stock (Right to buy) 4.50 2012-12-20 4 A 0 88750 0.0 A 2022-12-20 Common Stock 88750 1148586 D Includes 78,276 shares of common and restricted common stock owned by Mr. Thomas' spouse, Margaret M. Thomas. The options vest in four equal annual installments beginning December 20, 2013. Of the 1,148,586 options beneficially held by Mr. and Mrs. Thomas, as of December 21,2012, 824,688 have vested and 323,898 remain unexercisable. Includes 226,930 options to purchase common stock owned by Mr. Thomas, of which 145,795 have vested and 81,135 remain unexercisable. Jeffrey D. Thomas 2012-12-21