INNODATA INC — Director's Dealing 2004

Aug 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2004-08-26

Reporting Person: BROUWER KLAAS (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-26	Common Stock	M	18000	$1.56	Acquired	118000	Direct
2004-08-26	Common Stock	S	500	$3.95	Disposed	117500	Direct
2004-08-26	Common Stock	S	200	$3.94	Disposed	117300	Direct
2004-08-26	Common Stock	S	7300	$3.90	Disposed	110000	Direct
2004-08-26	Common Stock	S	700	$3.89	Disposed	109300	Direct
2004-08-26	Common Stock	S	1200	$3.88	Disposed	108100	Direct
2004-08-26	Common Stock	S	1500	$3.87	Disposed	106600	Direct
2004-08-26	Common Stock	S	1650	$3.86	Disposed	104950	Direct
2004-08-26	Common Stock	S	4950	$3.85	Disposed	100000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-26	Stock Options	$1.56	M	18000	Disposed	2005-05-31	Common Stock (18000)	Direct

Footnotes

F1: Various

F2: Exercise of employee stock options