INGLES MARKETS INC — Director's Dealing 2004

May 6, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-05-04

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-05-04	Class A Common Stock	M	7000	$9.5625	Acquired	99500	Direct
2004-05-04	Class A Common Stock	S	100	$11.15	Disposed	99400	Direct
2004-05-04	Class A Common Stock	S	479	$11.13	Disposed	98921	Direct
2004-05-04	Class A Common Stock	S	400	$11.12	Disposed	98521	Direct
2004-05-04	Class A Common Stock	S	2500	$11.11	Disposed	96021	Direct
2004-05-04	Class A Common Stock	S	3521	$11.10	Disposed	92500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-05-04	Employee Stock Option (Right to Buy)	$9.5625	M	7000	Disposed	2004-05-19	Class A Common Stock (7000)	Direct