Azzurro Capital Inc - May 11, 2021 Form 4 Insider Report for TRAVELZOO (TZOO)

Role
10%+ Owner
Signature
Ralph Bartel, Authorized Representative
Stock symbol
TZOO
Transactions as of
May 11, 2021
Transactions value $
-$380,486
Form type
4
Date filed
5/13/2021, 04:10 PM
Previous filing
May 10, 2021
Next filing
Nov 8, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TZOO Common Stock Sale -$380K -22K -0.48% $17.32 4.6M May 11, 2021 Shares were sold by Azzurro Capital Inc. F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired a total of 106,425 shares of common stock of the issuer during the six months preceding the date of the sales reported on this Form, as disclosed in Form 4 filings on May 3, May 6 and May 10, 2021. The prices paid for a portion of those shares were lower than the prices received for the shares sold as reported on this Form. Accordingly, such sale transactions have resulted in liability by the reporting person to the issuer under Section 16 of the Securities Exchange Act, in an amount representing the profit recognized by the reporting person on the sale of the 21,968 shares sold as reported hereunder, in the amount of $24,620.55, determined on the basis of the lowest prices paid for the corresponding number of shares so purchased. The reporting person has informed the issuer of this matter and has paid that amount to the issuer in satisfaction of the obligation under Section 16.
F2 Sale prices for the shares sold ranged from $17.15 to $17.50 per share.
F3 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.
F4 Indirect ownership applies to Ralph Bartel and the Ralph Bartel 2005 Trust.