INGLES MARKETS INC — Director's Dealing 2004

Feb 9, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-02-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-05	Class A Common Stock	M	2000	$9.5625	Acquired	77625	Direct
2004-02-05	Class A Common Stock	S	2000	$10.50	Disposed	75625	Direct
2004-02-06	Class A Common Stock	M	13756	$9.5625	Acquired	89381	Direct
2004-02-06	Class A Common Stock	S	300	$10.40	Disposed	89081	Direct
2004-02-06	Class A Common Stock	S	2	$10.42	Disposed	89079	Direct
2004-02-06	Class A Common Stock	S	500	$10.44	Disposed	88579	Direct
2004-02-06	Class A Common Stock	S	2500	$10.45	Disposed	86079	Direct
2004-02-06	Class A Common Stock	S	2100	$10.48	Disposed	83979	Direct
2004-02-06	Class A Common Stock	S	8354	$10.50	Disposed	75625	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-05	Class A Common Stock	$9.5625	M	2000	Disposed	2004-05-19	Class A Common Stock (2000)	Direct
2004-02-06	Class A Common Stock	$9.5625	M	13756	Disposed	2004-05-19	Class A Common Stock (13756)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	7647	Indirect