X0306 4 2014-12-17 0 0001162315 AMBASSADORS GROUP INC EPAX 0001020149 LIVINGSTON PHILIP B 2001 S FLINT ROAD SPOKANE WA 99224 1 1 0 0 CEO Common Stock 2014-12-17 4 A 0 46512 2.15 A 90595 D Common Stock 2014-12-17 4 A 0 400000 2.15 A 490595 D Pursuant to a Restricted Stock Award Agreement with the Company dated December 17, 2014, 1/2 of the shares will vest on the 15th of each month commencing January 15, 2015. Pursuant to a Restricted Stock Award Agreement with the Company dated December 17, 2014, 50,000 shares will vest on each of May 7, 2015, May 7, 2016, May 7, 2017, and May 7, 2018, and 200,000 shares will vest if and when the Company achieves certain performance targets. Philip B. Livingston 2015-01-06