INGLES MARKETS INC — Director's Dealing 2004

Oct 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-10-18

Reporting Person: INGLE ROBERT P II (Director, VP - Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-10-18	Employee Stock Option (Right to Buy)	$10.50	D	100000	Disposed	2004-10-13	Class A Common Stock (100000)	Direct
2004-10-18	Employee Stock Option (Right to Buy)	$10.50	A	100000	Acquired	2005-04-12	Class A Common Stock (100000)	Direct

Footnotes

F1: Amendment of option approved by the Compensation Committee on October 18, 2004, effective October 13, 2004, resulting in deemed cancellation of option and grant of replacement option. The option was originally granted on October 13, 1998 and was to expire on October 13, 2004.