TRAVELZOO — Director's Dealing 2014

Mar 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRAVELZOO INC (TZOO)
CIK: 0001133311
Period of Report: 2014-03-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-03-20	Common Stock	J	200000	—	Acquired	7430538	Indirect

Footnotes

F1: On March 20, 2014, Holger Bartel granted a proxy to Azzurro Capital Inc. with respect to 200,000 shares of the Issuer's Common Stock. As a result of the granting of this proxy, the Reporting Person may be deemed a beneficial owner pursuant to Section 13(d) of the Securities Exchange Act of 1934, as amended (the "Act"), of such shares. The Reporting Person disclaims beneficial ownership of such shares, and this report shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of such shares. The Reporting Person has no "pecuniary" interest in such shares.