TRAVELZOO — Director's Dealing 2021

Nov 5, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: TRAVELZOO (TZOO)
CIK: 0001133311
Period of Report: 2021-11-03

Reporting Person: BARTEL RALPH (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-11-03	Common Stock	M	390809	—	Acquired	4993391	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-11-03	Stock Option (Right-to-Buy)	$3.49	M	600000	Disposed	2025-03-30	Common Stock (600000.0)	Direct

Footnotes

F1: The Reporting Person elected "net settlement" with respect to the exercise price of the options.

F2: The "Amount of Securities Beneficially Owned Following Reported Transaction(s)" includes 4,602,582 shares held by Azzurro Capital Inc. Ralph Bartel is the ultimate beneficial owner of these shares via The Ralph Bartel 2005 Trust.

F3: Non-qualified stock options granted pursuant to that certain Non-qualified Stock Option Agreement dated March 30, 2020. Such options vested in eight quarterly installments starting from June 30, 2020.