Information Services Group Inc. — Director's Dealing 2008

Dec 19, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Information Services Group Inc. (III)
CIK: 0001371489
Period of Report: 2008-12-17

Reporting Person: Gould Richard (E.V.P., 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-17	Shares of common stsock	J	7410937	—	Disposed	0	Indirect
2008-12-17	Shares of common stock	J	1852734	—	Acquired	1852734	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-17	Warrants	$6	J	6500000	Disposed	2011-01-31	Shares of common stock (6500000)	Indirect
2008-12-17	Warrants	$6	J	1625000	Acquired	2011-01-31	Shares of common stock (1625000)	Direct

Footnotes

F1: The Shareholder had beneficial ownership of 25% of the membership interests in Oenoke Partners, LLC and had beneficial
ownership of the remaining 75% by virtue of approval rights with respect to a sale of substantially all the assets of Oenoke
Partners, LLC.

F2: No consideration was paid for the in-kind, pro rata distribution.