Ralph Bartel - Nov 3, 2021 Form 4 Insider Report for TRAVELZOO (TZOO)

Role
Director, 10%+ Owner
Signature
Ralph Bartel
Stock symbol
TZOO
Transactions as of
Nov 3, 2021
Transactions value $
$0
Form type
4
Date filed
11/5/2021, 05:35 PM
Next filing
Nov 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TZOO Common Stock Options Exercise $0 +391K +8.49% $0.00 4.99M Nov 3, 2021 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TZOO Stock Option (Right-to-Buy) Options Exercise $0 -600K -75% $0.00 200K Nov 3, 2021 Common Stock 600K $3.49 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.