INNODATA INC — Director's Dealing 2009

Sep 21, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2009-09-17

Reporting Person: MISHRA ASHOK (EVP and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-17	Common Stock	M	10000	$2.00	Acquired	10000	Direct
2009-09-17	Common Stock	M	16000	$2.59	Acquired	26000	Direct
2009-09-17	Common Stock	S	3250	$6.64	Disposed	22750	Direct
2009-09-17	Common Stock	S	22750	$6.75	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-17	Employee Stock Option (right to buy)	$2.59	M	16000	Disposed	2010-10-03	Common Stock (16000)	Direct
2009-09-17	Employee Stock Option (right to buy)	$2.00	M	10000	Disposed	2014-09-29	Common Stock (10000)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$3.35	2013-11-09	Common Stock (90000)	90000	Direct
Employee Stock Option (right to buy)	$3.46	2015-12-30	Common Stock (50000)	50000	Direct

Footnotes

F1: Currently exercisable.