INNODATA INC — Director's Dealing 2005

Nov 23, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2005-11-22

Reporting Person: TANPHO JURGEN (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-22	Common Stock	M	4200	$.67	Acquired	18580	Direct
2005-11-22	Common Stock	S	4200	$3.05	Disposed	14380	Direct
2005-11-23	Common Stock	M	6610	$.67	Acquired	20990	Direct
2005-11-23	Common Stock	S	6210	$3.00	Disposed	14780	Direct
2005-11-23	Common Stock	S	100	$3.01	Disposed	14680	Direct
2005-11-23	Common Stock	S	300	$3.02	Disposed	14380	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-11-22	Stock Options	$.67	M	4200	Disposed	2014-06-08	Common Stock (4200)	Direct
2005-11-23	Stock Options	$.67	M	6610	Disposed	2014-06-08	Common Stock (6610)	Direct

Footnotes

F1: Currently exercisable

F2: Exercise of employee stock options