INGLES MARKETS INC — Director's Dealing 2004

Jan 30, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2004-01-28

Reporting Person: HUGHES NANCY L (Vice President - Deli)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-28	Class A Common Stock	M	1700	$9.5625	Acquired	1700	Direct
2004-01-28	Class A Common Stock	S	800	$10.88	Disposed	900	Direct
2004-01-28	Class A Common Stock	S	900	$10.87	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-28	Employee Stock Option (Right to Buy)	$9.5625	M	1700	Disposed	2004-05-19	Class A Common Stock (1700)	Direct