TRAVELZOO — Director's Dealing 2018

Oct 29, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRAVELZOO (tzoo)
CIK: 0001133311
Period of Report: 2018-10-24

Reporting Person: AZZURRO CAPITAL INC (10% Owner)
Reporting Person: Ralph Bartel 2005 Trust (10% Owner)
Reporting Person: BARTEL RALPH (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-10-24	Common Stock	S	20000	$8.08	Disposed	6400000	Indirect
2018-10-26	Common Stock	S	50000	$7.65	Disposed	6350000	Indirect
2018-10-29	Common Stock	S	100000	$7.65	Disposed	6250000	Indirect

Footnotes

F1: Sale prices for the shares sold ranged from $8.00 to $8.24.

F2: The reporting person undertakes to provide, upon request by the Commission staff, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each price.

F3: Indirect ownership applies to Ralph Bartel and the 2005 Ralph Bartel Trust.

F4: Azzurro Capital Inc. made the sales in accordance with a plan to diversify its investments.

F5: Sale prices for the shares sold ranged from $7.50 to $7.99.

F6: Sale prices for the shares sold ranged from $7.30 to 7.96.