INNODATA INC — Director's Dealing 2004

Aug 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2004-08-17

Reporting Person: PALMEN JAN (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-08-17	Common Stock	M	5000	$1.56	Acquired	5000	Direct
2004-08-17	Comon Stock	S	4500	$3.75	Disposed	500	Direct
2004-08-17	Common Stock	S	500	$3.84	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-08-17	Stock Options	$1.56	M	5000	Disposed	2005-05-31	Common Stock (5000)	Direct

Footnotes

F1: Various

F2: Exercise of employee stock options