INNODATA INC — Director's Dealing 2011

May 3, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INNODATA ISOGEN INC (INOD)
CIK: 0000903651
Period of Report: 2011-05-02

Reporting Person: MISHRA ASHOK (EVP & COO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-02	Employee Stock Option (right to buy)	$2.59	A	100000	Acquired	2018-05-01	Common Stock (100000)	Direct

Footnotes

F1: This stock option vests in its entirety on May 2, 2014