TRAVELZOO — Director's Dealing 2006

Nov 6, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRAVELZOO INC (TZOO)
CIK: 0001133311
Period of Report: 2006-11-02

Reporting Person: Ralph Bartel 2005 Trust (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-02	Common Stock	S	79200	$31.49	Disposed	7801570	Indirect
2006-11-03	Common Stock	S	69300	$31.33	Disposed	7732270	Indirect
2006-11-06	Common Stock	S	82863	$31.52	Disposed	7649407	Indirect

Footnotes

F1: Represents a sale of 80,000 shares of TZOO Inc. common stock in which Ralph Bartel indirectly holds 99% of TZOO Inc. through
this Reporting 10% Owner, and Holger Bartel, brother of Ralph Bartel, indirectly holds the remaining 1% of TZOO Inc. through
HBT Corporation LLC.

F2: Represents a sale of 70,000 shares of TZOO Inc. common stock in which Ralph Bartel indirectly holds 99% of TZOO Inc. through
this Reporting 10% Owner, and Holger Bartel, brother of Ralph Bartel, indirectly holds the remaining 1% of TZOO Inc. through
HBT Corporation LLC.

F3: Represents a sale of 83,700 shares of TZOO Inc. common stock in which Ralph Bartel indirectly holds 99% of TZOO Inc. through
this Reporting 10% Owner, and Holger Bartel, brother of Ralph Bartel, indirectly holds the remaining 1% of TZOO Inc. through
HBT Corporation LLC.

F4: The Reporting 10% Owner disclaims beneficial ownership of securities in excess of its 99% holdings in TZOO Inc.