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: OUTLAW J THOMAS (VP - Sales Manager)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-24	Class A Common Stock	M	4314	$9.5625	Acquired	5014	Direct
2004-02-24	Class A Common Stock	S	2814	$11.10	Disposed	2200	Direct
2004-02-24	Class A Common Stock	S	1500	$11.12	Disposed	700	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	4314	Disposed	2004-05-19	Class A Common Stock (4314)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	175	Indirect