INGLES MARKETS INC — Director's Dealing 2004

Feb 20, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-02-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-18	Class A Common Stock	M	3400	$9.5625	Acquired	3900	Direct
2004-02-18	Class A Common Stock	S	3400	$11.00	Disposed	500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-18	Employee Stock Option (Right to Buy)	$9.5625	M	3400	Disposed	2004-05-19	Class A Common Stock (3400)	Direct

Footnotes

F1: The number of options reflects the reported exercise of 3,400 options and adjustment to correct a prior mathematical error which had resulted in the continued reporting of ownership of 280 options previously exercised and reported on Form 4 on August 18, 2003.