INGLES MARKETS INC — Director's Dealing 2005

Mar 23, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2005-03-21

Reporting Person: DAVEY TIMOTHY A (Vice President - Bakery)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-03-21	Class A Common Stock	M	7200	$9.5625	Acquired	8200	Direct
2005-03-21	Class A Common Stock	S	1500	$12.80	Disposed	6700	Direct
2005-03-21	Class A Common Stock	S	1000	$12.78	Disposed	5700	Direct
2005-03-21	Class A Common Stock	S	4300	$12.77	Disposed	1400	Direct
2005-03-21	Class A Common Stock	S	400	$12.75	Disposed	1000	Direct
2005-03-22	Class A Common Stock	M	5700	$9.5625	Acquired	6700	Direct
2005-03-22	Class A Common Stock	S	500	$12.80	Disposed	6200	Direct
2005-03-22	Class A Common Stock	S	2900	$12.75	Disposed	3300	Direct
2005-03-22	Class A Common Stock	S	1600	$12.73	Disposed	1700	Direct
2005-03-22	Class A Common Stock	S	700	$12.72	Disposed	1000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-03-21	Employee Stock Option (Right to Buy)	$9.5625	M	7200	Disposed	2005-05-19	Class A Common Stock (7200)	Direct
2005-03-22	Employee Stock Option (Right to Buy)	$9.5625	M	5700	Disposed	2005-05-19	Class A Common Stock (5700)	Direct

Footnotes

F1: Form 4 filed on September 15, 2004 erroneously reported ownership of 67,500 of such options due to a mathematical error. The number reported here represents correction of that error and the exercise effected on March 21, 2005.