INNODATA INC — Director's Dealing 2006

Oct 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2006-09-29

Reporting Person: AGRESS STEPHEN (Vice President, Finance)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-09-29	Stock Option	$2.59	J	100000	Disposed		Common Stock (100000)	Direct
2006-09-29	Stock Option	$2.59	J	100000	Acquired		Common Stock (100000)	Direct

Footnotes

F1: 20,000 on May 31, 2009; 20,000 on May 31, 2010; 20,000 on May 31, 2011; 20,000 on May 31, 2012; 20,000 on May 31, 2013.

F2: Currently exercisable

F3: Reported transaction involves the change in expiration date of previously reported and vested options.

F4: 20,000 on May 31, 2009; 80,000 on May 31, 2010.