INNODATA INC

Ticker: INOD CUSIP: 457642205 Class: Common Stock

SHEPHERD KAPLAN KROCHUK, LLC's Holding History (CIK: 0001218583)

Note: Option positions (PUT/CALL) are excluded.

Q3 2014

Shares 28,443 Value ($000) $87 Avg Close $3.06 Range $2.84 - $3.30

Q2 2014

Shares 69,918 Value ($000) $225 Avg Close $3.04 Range $2.66 - $3.49

Q1 2014

Shares 85,301 Value ($000) $248 Avg Close $2.96 Range $2.46 - $3.40

Q4 2013

Shares 60,801 Value ($000) $149 Avg Close $2.44 Range $2.21 - $2.65

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2014	28,443	$87	$3.06	$2.84 - $3.30
Q2 2014	69,918	$225	$3.04	$2.66 - $3.49
Q1 2014	85,301	$248	$2.96	$2.46 - $3.40
Q4 2013	60,801	$149	$2.44	$2.21 - $2.65