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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1162315	Ambassadors Group Inc	EPAX	Services-Educational Services (8200)	911957010

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
949119	Iii I Lloyd Miller	3300 South Dixie Highway Suite 1-365 West Palm Beach FL 33405		No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2015-02-27	400	$2.30	667,879	No	4	P	Indirect	By Trust A-4 - Lloyd I. Miller
Common Stock	Acquisiton	2015-03-02	172,038	$2.40	241,638	No	4	P	Indirect	By LIMFAM LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	By Trust A-4 - Lloyd I. Miller
No	4	P	Indirect	By LIMFAM LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	1,085,118	Indirect	By Milfam II L.P.
Common Stock	2,000	Indirect	By Trust C - Lloyd I. Miller
Common Stock	216,537	Indirect	By Milgrat (N10)
Common Stock	87,019	Indirect	By Milgrat (I9)
Common Stock	41,444	Indirect	By Milgrat (S9)
Common Stock	8,000	Indirect	By Milfam I L.P.
Common Stock	55	Indirect	By Trust A-3 - Lloyd I. Miller

Footnotes

The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. This filing shall not be deemed an admission that the reporting person is, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the beneficial owner of any equity securities covered by this filing.
On February 27, 2015, 216,537 securities held by Trust C were transferred to Milgrat (N10). Such transaction only effected a change in the form of beneficial ownership without changing the reporting person's pecuniary interest in such securities and was exempt from Section 16 of the Securities Exchange Act of 1934 pursuant to Rule 16a-13.