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: 2005-12-22

Reporting Person: FORD STEVEN LOUIS (EVP and CFO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-22	Stock Options	$3.28	A	250000	Acquired	2015-12-21	Common Stock (250000)	Direct

Footnotes

F1: Currently exercisable

F2: Stock Option Grant