INGLES MARKETS INC — Director's Dealing 2003

Dec 15, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2003-12-12

Reporting Person: OUTLAW J THOMAS (VP - Sales Manager)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-12	Class A Common Stock	M	2500	$9.5625	Acquired	3200	Direct
2003-12-12	Class A Common Stock	S	800	$10.05	Disposed	2400	Direct
2003-12-12	Class A Common Stock	S	400	$10.03	Disposed	2000	Direct
2003-12-12	Class A Common Stock	S	700	$10.01	Disposed	1300	Direct
2003-12-12	Class A Common Stock	S	600	$10.04	Disposed	700	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-12	Employee Stock Option (Right to Buy)	$9.5625	M	2500	Disposed	2004-05-19	Class A Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	175	Indirect