INGLES MARKETS INC — Director's Dealing 2004

May 7, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-05	Class A Common Stock	M	7500	$9.5625	Acquired	100000	Direct
2004-05-05	Class A Common Stock	S	500	$11.20	Disposed	99500	Direct
2004-05-05	Class A Common Stock	S	100	$11.13	Disposed	99400	Direct
2004-05-05	Class A Common Stock	S	1100	$11.11	Disposed	98300	Direct
2004-05-05	Class A Common Stock	S	5800	$11.10	Disposed	92500	Direct
2004-05-06	Class A Common Stock	M	6000	$9.5625	Acquired	98500	Direct
2004-05-06	Class A Common Stock	S	4800	$11.11	Disposed	93700	Direct
2004-05-06	Class A Common Stock	S	1200	$11.10	Disposed	92500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-05	Employee Stock Option (Right to Buy)	$9.5625	M	7500	Disposed	2004-05-19	Class A Common Stock (7500)	Direct
2004-05-06	Employee Stock Option (Right to Buy)	$9.5625	M	6000	Disposed	2004-05-19	Class A Common Stock (6000)	Direct