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: OUTLAW J THOMAS (VP - Sales Manager)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-04-27	Class A Common Stock	M	2972	$9.5625	Acquired	3672	Direct
2004-04-27	Class A Common Stock	S	1053	$11.56	Disposed	2619	Direct
2004-04-27	Class A Common Stock	S	100	$11.47	Disposed	2519	Direct
2004-04-27	Class A Common Stock	S	315	$11.46	Disposed	2204	Direct
2004-04-27	Class A Common Stock	S	780	$11.43	Disposed	1424	Direct
2004-04-27	Class A Common Stock	S	400	$11.42	Disposed	1024	Direct
2004-04-27	Class A Common Stock	S	324	$11.40	Disposed	700	Direct
2004-04-28	Class A Common Stock	M	2347	$9.5625	Disposed	3047	Direct
2004-04-28	Class A Common Stock	S	647	$11.56	Disposed	2400	Direct
2004-04-28	Class A Common Stock	S	1700	$11.55	Disposed	700	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	2972	Disposed	2004-05-19	Class A Common Stock (2972)	Direct
2004-04-28	Employee Stock Option (Right to Buy)	$9.5625	M	2347	Disposed	2004-05-19	Class A Common Stock (2347)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	175	Indirect