INNODATA INC — Director's Dealing 2005

Dec 27, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2005-12-21

Reporting Person: SOLOMON TODD (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-21	Common Stock	M	12880	$2.59	Acquired	1741040	Direct
2005-12-21	Common Stock	S	400	$3.31	Disposed	1740640	Direct
2005-12-21	Common Stock	S	900	$3.32	Disposed	1739740	Direct
2005-12-21	Common Stock	S	3080	$3.35	Disposed	1736660	Direct
2005-12-21	Common Stock	S	1100	$3.38	Disposed	1735560	Direct
2005-12-21	Common Stock	S	400	$3.39	Disposed	1735160	Direct
2005-12-21	Common Stock	S	4600	$3.40	Disposed	1730560	Direct
2005-12-21	Common Stock	S	500	$3.41	Disposed	1730060	Direct
2005-12-21	Common Stock	S	1600	$3.42	Disposed	1728460	Direct
2005-12-21	Common Stock	S	300	$3.43	Disposed	1728160	Direct
2005-12-22	Common Stock	M	18000	$2.59	Acquired	1746160	Direct
2005-12-22	Common Stock	S	2563	$3.26	Disposed	1743597	Direct
2005-12-22	Common Stock	S	9700	$3.28	Disposed	1733897	Direct
2005-12-22	Common Stock	S	1037	$3.29	Disposed	1732860	Direct
2005-12-22	Common Stock	S	1800	$3.30	Disposed	1731060	Direct
2005-12-22	Common Stock	S	500	$3.31	Disposed	1730560	Direct
2005-12-22	Common Stock	S	1400	$3.32	Disposed	1729160	Direct
2005-12-22	Common Stock	S	1000	$3.33	Disposed	1728160	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-21	Stock Options	$2.59	M	12880	Disposed		Common Stock (12880)	Direct
2005-12-22	Stock Options	$2.59	M	18000	Disposed		Common Stock (18000)	Direct

Footnotes

F1: Currently exercisable

F2: With respect to the derivative securities referenced in Item 5, the expiration date is 05/31/2009. With respect to the derivative securities referenced in Item 9, the expiration dates are: 22,120 expiring on 05/31/2009; 35,000 expiring on 05/31/2010; 35,000 expiring on 5/31/2011; 35,000 expiring on 05/31/2012 and 36,000 expiring on 05/31/2013.

F3: Exercise of stock options

F4: With respect to the derivative securities referenced in Item 5, the expiration date is 05/31/2009. With respect to the derivative securities referenced in Item 9, the expiration dates are: 4,120 expiring on 05/31/2009; 35,000 expiring on 05/31/2010; 35,000 expiring on 5/31/2011; 35,000 expiring on 05/31/2012 and 36,000 expiring on 05/31/2013.