INGLES MARKETS INC — Director's Dealing 2004

Feb 26, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-02-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-24	Class A Common Stock	M	10327	$9.5625	Acquired	11327	Direct
2004-02-24	Class A Common Stock	S	2800	$11.11	Disposed	8527	Direct
2004-02-24	Class A Common Stock	S	7527	$11.10	Disposed	1000	Direct
2004-02-25	Class A Common Stock	M	1480	$9.5625	Acquired	2480	Direct
2004-02-25	Class A Common Stock	S	1480	$11.10	Disposed	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-24	Employee Stock Option (Right to Buy)	$9.5625	M	10327	Disposed	2004-05-19	Class A Common Stock (10327)	Direct
2004-02-25	Employee Stock Option (Right to Buy)	$9.5625	M	1480	Disposed	2004-05-19	Class A Common Stock (1480)	Direct