INGLES MARKETS INC — Director's Dealing 2004

Feb 24, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-02-20

Reporting Person: FEDERICO ANTHONY S (Vice President -- Non Foods)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-20	Class A Common Stock	C	13650	—	Acquired	89275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-20	Class B Common Stock	$0	C	13650	Disposed		Class A Common Stock (13650)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	7647	Indirect

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: Immediately

F3: Class B Common Stock does not have an expiration date