INGLES MARKETS INC — Director's Dealing 2004

Feb 4, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-02	Class A Common Stock	M	6000	$9.5625	Acquired	81625	Direct
2004-02-02	Class A Common Stock	S	6000	$10.50	Disposed	75625	Direct
2004-02-03	Class A Common Stock	M	3100	$9.5625	Acquired	78725	Direct
2004-02-03	Class A Common Stock	S	1100	$10.65	Disposed	77625	Direct
2004-02-03	Class A Common Stock	S	1000	$10.69	Disposed	76625	Direct
2004-02-03	Class A Common Stock	S	500	$10.72	Disposed	76125	Direct
2004-02-03	Class A Common Stock	S	500	$10.74	Disposed	75625	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-02	Class A Common Stock	$9.5625	M	6000	Disposed	2004-05-19	Class A Common Stock (6000)	Direct
2004-02-03	Class A Common Stock	$9.5625	M	3100	Disposed	2004-05-19	Class A Common Stock (3100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	7647	Indirect