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: MYERS GORDON S (VP - Real Estate)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-11	Class A Common Stock	M	8000	$9.5625	Acquired	8000	Direct
2004-05-11	Class A Common Stock	S	100	$11.11	Disposed	7900	Direct
2004-05-11	Class A Common Stock	S	2400	$11.10	Disposed	5500	Direct
2004-05-11	Class A Common Stock	S	4900	$11.09	Disposed	600	Direct
2004-05-11	Class A Common Stock	S	600	$11.08	Disposed	0	Direct
2004-05-12	Class A Common Stock	M	8400	$9.5625	Acquired	8400	Direct
2004-05-12	Class A Common Stock	S	200	$11.06	Disposed	8200	Direct
2004-05-12	Class A Common Stock	S	800	$11.05	Disposed	7400	Direct
2004-05-12	Class A Common Stock	S	700	$11.03	Disposed	6700	Direct
2004-05-12	Class A Common Stock	S	59	$11.02	Disposed	6641	Direct
2004-05-12	Class A Common Stock	S	100	$11.01	Disposed	6541	Direct
2004-05-12	Class A Common Stock	S	3541	$11.00	Disposed	3000	Direct
2004-05-12	Class A Common Stock	S	3000	$10.97	Disposed	0	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	8000	Disposed	2004-05-19	Class A Common Stock (8000)	Direct
2004-05-12	Employee Stock Option (Right to Buy)	$9.5625	M	8400	Disposed	2004-05-19	Class A Common Stock (8400)	Direct