INGLES MARKETS INC — Director's Dealing 2004

May 17, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-05-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-13	Class A Common Stock	M	8500	$9.5625	Acquired	101000	Direct
2004-05-13	Class A Common Stock	S	8500	$11.00	Disposed	92500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-13	Employee Stock Option (Right to Buy)	$9.5625	M	8500	Disposed	2004-05-19	Class A Common Stock (8500)	Direct