X0306 4/A 2014-05-12 2014-05-14 0 0001162315 AMBASSADORS GROUP INC EPAX 0001397818 VALENCIA RICARDO 12641 S. 35TH PLACE PHOENIX AZ 85044 1 0 0 0 Common Stock 2014-05-12 4 A 0 3325 0 A 13745 D Stock Option 3.76 2014-05-12 4 A 0 8681 0 A 2024-05-12 Common Stock 8681 34017 D Pursuant to a Restricted Stock Award Agreement with the Company dated May 12, 2014 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 May 12, 2014, this stock option will vest in equal installments on May 12, in 2015, 2016, 2017 and 2018. Of the 34,017 options held by Mr. Valencia as of May 16, 2014, 12,006 options have vested and 22,011 options remain unexercisable. This amendment amends and restates in its entirety the Form 4 to which this filing is related for the purpose of correcting Mr. Valencia's address, cumulative ownership of the Company's Common Stock and options, and signature. Ricardo Valencia 2014-05-16