INGLES MARKETS INC — Director's Dealing 2004

Apr 29, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-04-27

Reporting Person: GAITHER CHARLES L JR (Director, President, Milkco Inc.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-27	Class A Common Stock	M	5000	$9.5625	Acquired	7233	Direct
2004-04-27	Class A Common Stock	S	2500	$11.46	Disposed	4733	Direct
2004-04-27	Class A Common Stock	S	1700	$11.41	Disposed	3033	Direct
2004-04-27	Class A Common Stock	S	700	$11.40	Disposed	2333	Direct
2004-04-27	Class A Common Stock	S	100	$11.39	Disposed	2233	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-04-27	Employee Stock Option (Right to Buy)	$9.5625	M	5000	Disposed	2004-05-19	Class A Common Stock (5000)	Direct