INNODATA INC — Director's Dealing 2010

Mar 17, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2010-03-15

Reporting Person: Nalavadi O'Neil (SVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-15	Common Stock	A	40000	—	Acquired	40000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-15	Employee Stock Option (right to buy)	$5.62	A	100000	Acquired	2020-03-14	Common Stock (100000)	Direct
2010-03-15	Employee Stock Option (right to buy)	$4.37	A	50000	Acquired	2020-03-14	Common Stock (50000)	Direct

Footnotes

F1: This option vests in four equal annual installments beginning on November 9, 2010.

F2: This option vests in its entirety on August 15, 2012.