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INGLES MARKETS INC — Director's Dealing 2008
May 21, 2008
32025_dirs_2008-05-21_09ecceda-ff55-4736-ae53-b66efd412f0f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: INGLES MARKETS INC (IMKTA)
CIK: 0000050493
Period of Report: 2008-05-19
Reporting Person: Freeman Ronald B (Director, Chief Financial Officer, Profit Sharing Plan Trustee)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2008-05-19 | Class A Common Stock | J | 1000 | $24.37 | Disposed | 1017000 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 1000 | $24.39 | Disposed | 1016000 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 1000 | $24.4195 | Disposed | 1015000 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 1000 | $24.4206 | Disposed | 1014000 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 1000 | $24.424 | Disposed | 1013000 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 919 | $24.4254 | Disposed | 1012081 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 600 | $24.4583 | Disposed | 1011481 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 1081 | $24.4687 | Disposed | 1010400 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 400 | $24.5124 | Disposed | 1010000 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 1500 | $24.514 | Disposed | 1008500 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 1500 | $24.59 | Disposed | 1007000 | Indirect |
| 2008-05-19 | Class A Common Stock | J | 1000 | $24.624 | Disposed | 1006000 | 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.
F2: Mr. Freeman directly held 2,074 shares of Class A Common Stock on May 19, 2008.