Ambassadors Group Inc - Initial Statement of Beneficial Ownership (3)
November 19 2007 - 4:48PM
Edgar (US Regulatory)
FORM 3
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES
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January 31, 2008
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Punch Card Capital LP
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2. Date of Event Requiring Statement (MM/DD/YYYY)
11/7/2007
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3. Issuer Name
and
Ticker or Trading Symbol
AMBASSADORS GROUP INC [EPAX]
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(Last)
(First)
(Middle)
P.O. BOX 334
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4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
___
X
___ 10% Owner
_____ Officer (give title below)
_____ Other (specify below)
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(Street)
GOTHA, FL 34734
(City)
(State)
(Zip)
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5. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
___ Form filed by One Reporting Person
_
X
_ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Beneficially Owned
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1.Title of Security
(Instr. 4)
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2. Amount of Securities Beneficially Owned
(Instr. 4)
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3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
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4. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Common Stock
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2010179
(1)
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D
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Common Stock
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72110
(2)
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D
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Common Stock
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58988
(3)
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I
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See footnote 3.
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 4)
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2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
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3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
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4. Conversion or Exercise Price of Derivative Security
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5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
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6. Nature of Indirect Beneficial Ownership
(Instr. 5)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Explanation of Responses:
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(
1)
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Shares are directly owned by Punch Card Capital, L.P. Punch Card Capital LLC is the general partner of Punch Card Capital,
L.P., and Norbert Lou is the managing member of Punch Card Capital, LLC, and, as a result, Punch Card Capital, LLC and Mr.
Lou may be deemed to indirectly beneficially own such shares.
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(
2)
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Shares are directly owned by Mr. Lou.
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(
3)
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Shares are directly owned by relatives of Mr. Lou. As a result of Mr. Lou's relationship with his relatives, Mr. Lou may be
deemed to indirectly beneficially own such shares.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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Punch Card Capital LP
P.O. BOX 334
GOTHA, FL 34734
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X
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Lou Norbert H
2011 26TH STREET, UNIT 201
SAN FRANCISCO, CA 94107
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X
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Signatures
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Norbert H. Lou, individually and as managing member of Punch Card Capital, LLC, the general partner of Punch Card Capital, L.P.
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11/19/2007
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 5(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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