INGLES MARKETS INC — Director's Dealing 2006

Feb 28, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2006-02-28

Reporting Person: INGLES MARKETS INC INVESTMENT/PROFIT SHARING PLAN TRUST (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-28	Class A Common Stock	C	37500	—	Acquired	39778	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-27	Class B Common Stock	$	C	37500	Disposed		Class A Common Stock ()	Direct

Footnotes

F1: Class B Common Stock may be converted to Class A Common Stock at the option of the holder on a 1-for-1 basis with no additional consideration being paid or received.

F2: Exercisable immediately

F3: None