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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1133311	Travelzoo	TZOO	Services-Computer Integrated Systems Design (7373)	364415727

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1221280	Ralph Bartel	Casella Postale 823 6612 Ascona V8 6612	Yes	No	Yes	No
1349132	Azzurro Capital Inc	C/O Moore Stephens Po Box 743, Suite 5 Watergardens 4 J1 GX11 1AA	No	No	Yes	No
1349156	Trust 2005 Bartel Ralph	C/O Fedelta Trust Limited 29/31 Athol Street, Omar House Bldg Isle Of Man X0 1M11LB	No	No	Yes	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2018-10-24	20,000	$8.08	6,400,000	No	4	S	Indirect	Shares sold were directly owned by Azzurro Capital, Inc.
Common Stock	Disposition	2018-10-26	50,000	$7.65	6,350,000	No	4	S	Indirect	Shares sold were directly owned by Azzurro Capital, Inc.
Common Stock	Disposition	2018-10-29	100,000	$7.65	6,250,000	No	4	S	Indirect	Shares sold were directly owned by Azzurro Capital, Inc.

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Shares sold were directly owned by Azzurro Capital, Inc.
No	4	S	Indirect	Shares sold were directly owned by Azzurro Capital, Inc.
No	4	S	Indirect	Shares sold were directly owned by Azzurro Capital, Inc.

Footnotes

Sale prices for the shares sold ranged from $8.00 to $8.24.
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.
Indirect ownership applies to Ralph Bartel and the 2005 Ralph Bartel Trust.
Azzurro Capital Inc. made the sales in accordance with a plan to diversify its investments.
Sale prices for the shares sold ranged from $7.50 to $7.99.
Sale prices for the shares sold ranged from $7.30 to 7.96.