INGLES MARKETS INC — Director's Dealing 2007

Dec 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2007-12-21

Reporting Person: LANNING JAMES W (Director, President, Profit Sharing Plan Trustee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-21	Class A Common Stock	J	400	$26.25	Disposed	1134100	Indirect
2007-12-21	Class A Common Stock	J	100	$26.22	Disposed	1134000	Indirect
2007-12-21	Class A Common Stock	J	100	$26.15	Disposed	1133900	Indirect
2007-12-21	Class A Common Stock	J	100	$26.09	Disposed	1133800	Indirect
2007-12-21	Class A Common Stock	J	500	$26.07	Disposed	1133300	Indirect
2007-12-21	Class A Common Stock	J	300	$26.06	Disposed	1133000	Indirect
2007-12-21	Class A Common Stock	J	100	$26.05	Disposed	1132900	Indirect
2007-12-21	Class A Common Stock	J	300	$26.04	Disposed	1132600	Indirect
2007-12-21	Class A Common Stock	J	300	$26.01	Disposed	1132300	Indirect
2007-12-21	Class A Common Stock	J	200	$25.98	Disposed	1132100	Indirect
2007-12-21	Class A Common Stock	J	70	$25.97	Disposed	1132030	Indirect
2007-12-21	Class A Common Stock	J	100	$25.96	Disposed	1131930	Indirect
2007-12-21	Class A Common Stock	J	170	$25.95	Disposed	1131760	Indirect
2007-12-21	Class A Common Stock	J	200	$25.94	Disposed	1131560	Indirect
2007-12-21	Class A Common Stock	J	304	$25.93	Disposed	1131256	Indirect
2007-12-21	Class A Common Stock	J	100	$25.92	Disposed	1131156	Indirect
2007-12-21	Class A Common Stock	J	817	$25.91	Disposed	1130339	Indirect
2007-12-21	Class A Common Stock	J	903	$25.90	Disposed	1129436	Indirect
2007-12-21	Class A Common Stock	J	300	$25.89	Disposed	1129136	Indirect
2007-12-21	Class A Common Stock	J	800	$25.88	Disposed	1128336	Indirect
2007-12-21	Class A Common Stock	J	200	$25.87	Disposed	1128136	Indirect
2007-12-21	Class A Common Stock	J	200	$25.87	Disposed	1127936	Indirect
2007-12-21	Class A Common Stock	J	400	$25.86	Disposed	1127536	Indirect
2007-12-21	Class A Common Stock	J	455	$25.85	Disposed	1127081	Indirect
2007-12-21	Class A Common Stock	J	200	$25.84	Disposed	1126881	Indirect
2007-12-21	Class A Common Stock	J	500	$25.82	Disposed	1126381	Indirect
2007-12-21	Class A Common Stock	J	2121	$25.80	Disposed	1124260	Indirect
2007-12-21	Class A Common Stock	J	160	$25.79	Disposed	1124100	Indirect
2007-12-21	Class A Common Stock	J	200	$25.75	Disposed	1123900	Indirect
2007-12-21	Class A Common Stock	J	100	$25.72	Disposed	1123800	Indirect

Footnotes

F1: The reported transactions constitute sales of Class A Common Stock to meet the liquidity needs of the Ingles Markets Investment/Profit Sharing Plan (the "Plan") for making distributions to Plan participants. The number of shares reported as sold and as beneficially owned reflect the total number of shares sold or owned by the Plan for the benefit of all Plan participants. The reporting person is a trustee of the Plan. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his or her pecuniary interest therein, if any, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose except to the extent of his or her pecuniary interest therein.