INNODATA INC — Director's Dealing 2003

Dec 3, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2003-12-01

Reporting Person: TANPHO JURGEN (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-01	Common Stock	M	5863	$1.56	Acquired	5863	Direct
2003-12-01	Common Stock	S	5863	$4.26	Disposed	0	Direct
2003-12-02	Common Stock	M	11037	$1.56	Acquired	11037	Direct
2003-12-02	Common Stock	S	6120	$4.1578	Disposed	4917	Direct
2003-12-02	Common Stock	S	4.037	$4.1622	Disposed	880	Direct
2003-12-02	Common Stock	S	500	$4.18	Disposed	380	Direct
2003-12-02	Common Stock	S	380	$4.21	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-01	Stock Option	$1.56	M	5863	Disposed	2005-05-31	Common Stock (5863)	Direct
2003-12-02	Stock Option	$1.56	M	11037	Disposed	2005-05-31	Common Sock (11037)	Direct

Footnotes

F1: Various

F2: Exercise of employee stock options