INGLES MARKETS INC — Director's Dealing 2004

Apr 2, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-03-18

Reporting Person: INGLES MARKETS INC INVESTMENT/PROFIT SHARING PLAN TRUST (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-18	Class A Common Stock	C	13332	—	Acquired	13332	Direct
2004-03-18	Class A Common Stock	S	5803	$11.0302	Disposed	7529	Direct
2004-03-23	Class A Common Stock	S	4100	$10.82	Disposed	3429	Direct
2004-03-23	Class A Common Stock	S	1529	$11.01	Disposed	1900	Direct
2004-03-23	Class A Common Stock	S	1900	$11.00	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-18	Class B Common Stock	$	C	13332	Acquired		Class A Common Stock ()	Direct

Footnotes

F1: Class B Common Stock may be converted to Class A Common Stock at the option of the holder on a 1-for-1 basis with no additional consideration being paid or received.

F2: Exercisable immediately

F3: None