INNODATA INC — Director's Dealing 2005

May 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2005-05-16

Reporting Person: AGRESS AMY R (Vice President)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-05-16	Stock Option	$2.50	J	24000	Disposed	2005-10-03	Common Stock (24000)	Direct
2005-05-16	Stock Option	$2.59	J	24000	Acquired	2010-10-03	Common Stock (24000)	Direct

Footnotes

F1: Reported transaction involves the change in expiration date of previously reported and vested stock options from October 3, 2005 to October 3, 2010, and the change of the exercise price from $2.50 to $2.59.

F2: Currently exercisable