INGLES MARKETS INC — Director's Dealing 2004

May 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-04-29

Reporting Person: MYERS GORDON S (VP - Real Estate)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-29	Class A Common Stock	M	5000	$9.5625	Acquired	5000	Direct
2004-04-29	Class A Common Stock	S	2500	$11.46	Disposed	2500	Direct
2004-04-28	Class A Common Stock	S	2500	$11.45	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-29	Employee Stock Option (Right to Buy)	$9.5625	M	5000	Disposed	2004-05-19	Class A Common Stock (5000)	Direct