INGLES MARKETS INC — Director's Dealing 2004

Mar 3, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-03-01

Reporting Person: TUDOR BRENDA S (Director, VP Finance, Treasurer, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-03-01	Class A Common Stock	M	8100	$9.5625	Acquired	9100	Direct
2004-03-01	Class A Common Stock	S	3400	$11.12	Disposed	5700	Direct
2004-03-01	Class A Common Stock	S	1000	$11.11	Disposed	4700	Direct
2004-03-01	Class A Common Stock	S	2700	$11.10	Disposed	2000	Direct
2004-03-01	Class A Common Stock	S	100	$11.101	Disposed	1900	Direct
2004-03-01	Class A Common Stock	S	100	$11.121	Disposed	1800	Direct
2004-03-01	Class A Common Stock	S	800	$11.14	Disposed	1000	Direct
2004-03-02	Class A Common Stock	M	5016	$9.5625	Acquired	6016	Direct
2004-03-02	Class A Common Stock	S	577	$11.20	Disposed	5439	Direct
2004-03-02	Class A Common Stock	S	1700	$11.18	Disposed	3739	Direct
2004-03-02	Class A Common Stock	S	700	$11.17	Disposed	3039	Direct
2004-03-02	Class A Common Stock	S	1382	$11.11	Disposed	1657	Direct
2004-03-02	Class A Common Stock	S	357	$11.10	Disposed	1300	Direct
2004-03-02	Class A Common Stock	S	300	$11.13	Disposed	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-03-01	Employee Stock Option (Right to Buy)	$9.5625	M	8100	Disposed	2004-05-19	Class A Common Stock (8100)	Direct
2004-03-02	Employee Stock Option (Right to Buy)	$9.5625	M	5016	Disposed	2004-05-19	Class A Common Stock (5016)	Direct