INGLES MARKETS INC — Director's Dealing 2007

Mar 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2007-03-01

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-01	Class B Common Stock	$0.0	S	60000	Disposed		Class A Common Stock ()	Direct

Footnotes

F1: Class B Common Stock may be converted to Class A Common Stock on a 1-for-1 basis without additional consideration.

F2: The reported transaction constitutes a sale of Class B Common Stock by the Ingles Markets Investment/Profit Sharing Plan (the
"Plan") While the Class B Common Stock generally converts to Class A Common Stock upon transfer, because such shares were
sold to another holder of Class B Common Stock, they did not convert.

F3: Exercisable immediately.

F4: None.