FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Tufto Kris B 		2. Issuer Name and Ticker or Trading Symbol

SAJAN INC [ SAJA ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

2660 CHRISTIAN COURT 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/4/2011
(Street)

CHASKA, MN 55318
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   5/4/2011     M    6891   A $.61   11391   D  
 

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock   $.61   5/4/2011     M         6891      (1) 5/5/2011   Common Stock   6891   $0   0   D  
 
Common Stock   $1.65                      (2) 2/23/2020   Common Stock   5000     5000   D  
 
Common Stock   $1.40                      (3) 6/11/2020   Common Stock   5000     5000   D  
 

Explanation of Responses:
( 1)  Fully exercisable.
( 2)  Options to purchase shares of Common Stock are subject to the following vesting schedule: 1,667 on February 23, 2011 and 2012, and 1,666 on February 23, 2013.
( 3)  Automatic grant of option on 6/11/2010 pursuant to the Sajan, Inc. Amended and Restated 2004 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3. The option vests ratably over 11 months from the date of grant if the Reporting Person is then a Director of the Company.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Tufto Kris B
2660 CHRISTIAN COURT
CHASKA, MN 55318 		X



Signatures
/s/ John R. Houston as Attorney-in-Fact for Kris B. Tufto pursuant to Power of Attorney filed herewith. 5/6/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Sajan, Inc. (NASDAQ:SAJA)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Sajan, Inc. Charts.
Sajan, Inc. (NASDAQ:SAJA)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Sajan, Inc. Charts.