AI assistant
TRAVELZOO — Director's Dealing 2020
Jun 2, 2020
34147_dirs_2020-06-02_cd2b2a44-dcb6-4e98-a29b-6625e194b5fc.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: TRAVELZOO (TZOO)
CIK: 0001133311
Period of Report: 2020-05-29
Reporting Person: BARTEL HOLGER (Global Chief Executive Officer)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-05-29 | Stock Option (Right-to-Buy) | $8.07 | D | 400000 | Disposed | 2025-09-28 | Common Stock (400000.0) | Direct |
| 2020-05-29 | Stock Option (Right-to-Buy) | $3.49 | A | 800000 | Acquired | 2025-09-28 | Common Stock (800000.0) | Direct |
| 2020-05-29 | Stock Option (Right-to-Buy) | $6.95 | D | 150000 | Disposed | 2027-10-30 | Common Stock (150000.0) | Direct |
| 2020-05-29 | Stock Option (Right-to-Buy) | $3.49 | A | 300000 | Acquired | 2027-10-30 | Common Stock (300000.0) | Direct |
| 2020-05-29 | Stock Option (Right-to-Buy) | $10.79 | D | 400000 | Disposed | 2024-09-05 | Common Stock (400000.0) | Direct |
| 2020-05-29 | Stock Option (Right-to-Buy) | $3.49 | A | 800000 | Acquired | 2024-09-05 | Common Stock (800000.0) | Direct |
Footnotes
F1: The transactions reported herein reflect a stock option repricing that became effective on May 29, 2020. Pursuant to the Option Agreement Amendments, the Company repriced Mr. Holger Bartel's 2015 Option Agreement, 2017 Option Agreement and 2019 Option Agreement. The Company also granted Mr. Holger Bartel the option to purchase an additional: (a) 400,000 shares of the Company's common stock pursuant to the 2015 Option Agreement, (b) 150,000 shares of the Company's common stock pursuant to the 2017 Option Agreement, and (c) 400,000 shares of the Company's common stock pursuant to the 2019 Option Agreement (such options being hereinafter referred to collectively as the "HB Amended Options"), for a total of 950,000 additional shares for Mr. Holger Bartel.
F2: The options vested in eight quarterly installments starting from 03/31/2016.
F3: Options were granted with approval from the Board of Directors of Travelzoo pursuant to a Nonqualified Stock Option Agreement on March 30, 2020 but were subject to approval from the stockholders, which was obtained at the Annual Meeting held on May 29, 2020.
F4: The options vested in eight quarterly installments starting from 03/31/2018.
F5: The options vest in eight quarterly installments starting from 03/31/2020.