INGLES MARKETS INC — Director's Dealing 2004

May 11, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-05-10

Reporting Person: TUDOR BRENDA S (Director, VP Finance, Treasurer, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-10	Class A Common Stock	M	1700	$9.5625	Acquired	6350	Direct
2004-05-10	Class A Common Stock	S	1000	$11.06	Disposed	5350	Direct
2004-05-10	Class A Common Stock	S	200	$11.05	Disposed	5150	Direct
2004-05-10	Class A Common Stock	S	500	$11.04	Disposed	4650	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-10	Employee Stock Option (Right to Buy)	$9.5625	M	1700	Disposed	2004-05-19	Class A Common Stock (1700)	Direct