TRAVELZOO

Ticker: TZOO CUSIP: 89421Q205 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

Note: Option positions (PUT/CALL) are excluded.

Q4 2015

Shares 24,521 Value ($000) $205 Avg Close $8.80 Range $7.54 - $10.39

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2015	24,521	$205	$8.80	$7.54 - $10.39