INNODATA INC — Director's Dealing 2004

Aug 25, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2004-08-23

Reporting Person: BROUWER KLAAS (Vice President - Technology)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-23	Common Stock	M	1000	$1.56	Acquired	101000	Direct
2004-08-23	Common Stock	S	200	$3.97	Disposed	100800	Direct
2004-08-23	Common Stock	S	500	$3.92	Disposed	100300	Direct
2004-08-23	Common Stock	S	200	$3.91	Disposed	100100	Direct
2004-08-23	Common Stock	S	100	$3.90	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-23	Stock Options	$1.56	M	1000	Disposed	2005-05-31	Common Stock (1000)	Direct

Footnotes

F1: Various

F2: Exercise of employee stock options