X0306 4 2013-06-05 0 0001162315 AMBASSADORS GROUP INC EPAX 0001576455 Dulsky Debra 35 MARION ROAD WESTPORT CT 06880 1 0 0 0 Common Stock 2013-06-05 4 A 0 3512 0 A 3512 D Stock Option 3.56 2013-06-05 4 A 0 7764 0 A 2023-06-05 Common Stock 7764 7764 D Pursuant to a Restricted Stock Award Agreement with the Company dated June 5, 2013, 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 5, 2013, this stock option will vest in equal installments on June 5, in 2014, 2015, 2016 and 2017. Of the 7,764 options held by Mrs. Dulsky as of June 7, 2013, 0 options have vested and 7,764 options remain unexercisable. Debra Dulsky 2013-06-07