INGLES MARKETS INC — Director's Dealing 2003

Dec 11, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2003-12-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-09	Class A Common Stock	M	5000	$9.5625	Acquired	5700	Direct
2003-12-09	Class A Common Stock	S	2400	$10.00	Disposed	3300	Direct
2003-12-09	Class A Common Stock	S	600	$10.02	Disposed	2700	Direct
2003-12-09	Class A Common Stock	S	1900	$10.08	Disposed	800	Direct
2003-12-09	Class A Common Stock	S	100	$10.11	Disposed	700	Direct
2003-12-10	Class A Common Stock	M	4200	$9.5625	Acquired	4900	Direct
2003-12-10	Class A Common Stock	S	2700	$10.00	Disposed	2200	Direct
2003-12-10	Class A Common Stock	S	1500	$10.05	Disposed	700	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-09	Employee Stock Option (Right to Buy)	$9.5625	M	5000	Disposed	2004-05-19	Class A Common Stock (5000)	Direct
2003-12-10	Employee Stock Option (Right to Buy)	$9.5625	M	4200	Disposed	2004-05-19	Class A Common Stock (4200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	175	Indirect