INNODATA INC — Director's Dealing 2003

Dec 30, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2003-12-29

Reporting Person: BROUWER KLAAS (Vice President - Technology)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-29	Common Stock	M	7000	$.67	Acquired	28000	Direct
2003-12-29	Common Stock	M	12000	$.53	Acquired	40000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-29	Stock Option	$.67	M	7000	Disposed	2004-06-07	Common Stock (7000)	Direct
2003-12-29	Stock Option	$.53	M	12000	Disposed	2013-12-14	Common Stock (12000)	Direct

Footnotes

F1: Current

F2: Exercise of Employee Stock Option