INGLES MARKETS INC — Director's Dealing 2004

May 13, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-05-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-11	Class A Common Stock	M	11000	$9.5625	Acquired	103500	Direct
2004-05-11	Class A Common Stock	S	710	$11.13	Disposed	102790	Direct
2004-05-11	Class A Common Stock	S	1400	$11.11	Disposed	101390	Direct
2004-05-11	Class A Common Stock	S	600	$11.10	Acquired	100790	Direct
2004-05-11	Class A Common Stock	S	253	$11.09	Disposed	100537	Direct
2004-05-11	Class A Common Stock	S	4300	$11.07	Disposed	96237	Direct
2004-05-11	Class A Common Stock	S	2200	$11.06	Disposed	94037	Direct
2004-05-11	Class A Common Stock	S	1537	$11.05	Disposed	92500	Direct
2004-05-12	Class A Common Stock	M	13500	$9.5625	Acquired	106000	Direct
2004-05-12	Class A Common Stock	S	1000	$11.08	Disposed	105000	Direct
2004-05-12	Class A Common Stock	S	700	$11.06	Disposed	104300	Direct
2004-05-12	Class A Common Stock	S	100	$11.05	Disposed	104200	Direct
2004-05-12	Class A Common Stock	S	700	$11.04	Disposed	103500	Direct
2004-05-12	Class A Common Stock	S	300	$11.03	Disposed	103200	Direct
2004-05-12	Class A Common Stock	S	100	$11.02	Disposed	103100	Direct
2004-05-12	Class A Common Stock	S	4600	$11.00	Disposed	98500	Direct
2004-05-12	Class A Common Stock	S	6000	$10.99	Disposed	92500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-11	Employee Stock Option (Right to Buy)	$9.5625	M	11000	Disposed	2004-05-19	Class A Common Stock (11000)	Direct
2004-05-12	Employee Stock Option (Right to Buy)	$9.5625	M	13500	Disposed	2004-05-19	Class A Common Stock (13500)	Direct