INGLES MARKETS INC

Major Shareholding Notification • Apr 1, 2008

SC 13D/A 1 imkta_12.htm imkta_12.htm Licensed to: mm8319 Document Created using EDGARizer 4.0.5.0 Copyright 1995 - 2008 EDGARfilings, Ltd., an IEC company. All rights reserved

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934 (Amendment No. 12)

Ingles Markets, Incorporated

(Name of Issuer)

Class A Common Stock Par Value $0.05 Per Share

(Title of Class of Securities)

___ 457030104 _____

(CUSIP Number)

Peter D. Goldstein

GAMCO Investors, Inc.

One Corporate Center

Rye, New York 10580-1435

(914) 921-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

____ March 28, 2008 ______

(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box .

1

CUSIP No. 457030104

| 1 | Names
of reporting persons I.R.S.
identification nos. of above persons (entities only) Gabelli
Funds,
LLC I.D.
No. 13-4044523 | |
| --- | --- | --- |
| 2 | Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS) (a) (b) | |
| 3 | Sec
use only | |
| 4 | Source
of funds (SEE
INSTRUCTIONS) 00-Funds
of investment advisory clients | |
| 5 | Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e) | |
| 6 | Citizenship
or place of organization New
York | |
| Number
Of Shares Beneficially Owned By
Each Reporting Person With | :
7 : : : | Sole
voting power 482,000 (Item
5) |
| | :
8 : : : | Shared
voting power None |
| | :
9 : : : | Sole
dispositive power 482,000 (Item
5) |
| | :10 : : : | Shared
dispositive power None |
| 11 | Aggregate
amount beneficially owned by each reporting person 482,000 (Item
5) | |
| 12 | Check
box if the aggregate amount in row (11) excludes certain
shares (SEE
INSTRUCTIONS) | |
| 13 | Percent
of class represented by amount in row (11) 3.89% | |
| 14 | Type
of reporting person (SEE
INSTRUCTIONS) IA | |

2

CUSIP No. 457030104

| 1 | Names
of reporting persons I.R.S.
identification nos. of above persons (entities only) GAMCO
Asset Management Inc. I.D.
No. 13-4044521 | |
| --- | --- | --- |
| 2 | Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS) (a) (b) | |
| 3 | Sec
use only | |
| 4 | Source
of funds (SEE
INSTRUCTIONS) 00-Funds
of investment advisory clients | |
| 5 | Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e) | |
| 6 | Citizenship
or place of organization New
York | |
| Number
Of Shares Beneficially Owned By
Each Reporting Person With | :
7 : : : | Sole
voting power 558,500 (Item
5) |
| | :
8 : : : | Shared
voting power None |
| | :
9 : : : | Sole
dispositive power 574,500 (Item
5) |
| | :10 : : : | Shared
dispositive power None |
| 11 | Aggregate
amount beneficially owned by each reporting person 574,500 (Item
5) | |
| 12 | Check
box if the aggregate amount in row (11) excludes certain
shares (SEE
INSTRUCTIONS) | |
| 13 | Percent
of class represented by amount in row (11) 4.64% | |
| 14 | Type
of reporting person (SEE
INSTRUCTIONS) IA,
CO | |

3

CUSIP No. 457030104

| 1 | Names
of reporting persons I.R.S.
identification nos. of above persons (entities only) Gabelli
Securities,
Inc. I.D.
No. 13-3379374 | |
| --- | --- | --- |
| 2 | Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS)(a) (b) | |
| 3 | Sec
use only | |
| 4 | Source
of funds (SEE INSTRUCTIONS) 00-Client
Funds | |
| 5 | Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e) | |
| 6 | Citizenship
or place of organization Delaware | |
| Number
Of Shares Beneficially Owned By
Each Reporting Person With | :
7 : : : | Sole
voting power 2,000 (Item
5) |
| | :
8 : : : | Shared
voting power None |
| | :
9 : : : | Sole
dispositive power 2,000 (Item
5) |
| | :10 : : : | Shared
dispositive power None |
| 11 | Aggregate
amount beneficially owned by each reporting person 2,000 (Item
5) | |
| 12 | Check
box if the aggregate amount in row (11) excludes certain
shares (SEE
INSTRUCTIONS) | |
| 13 | Percent
of class represented by amount in row (11) 0.02% | |
| 14 | Type
of reporting person (SEE INSTRUCTIONS) HC,
CO, IA | |

4

CUSIP No. 457030104

| 1 | Names
of reporting persons I.R.S.
identification nos. of above persons (entities only) GGCP,
Inc. I.D.
No. 13-3056041 | |
| --- | --- | --- |
| 2 | Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS) (a) (b) | |
| 3 | Sec
use only | |
| 4 | Source of funds (SEE
INSTRUCTIONS) None | |
| 5 | Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e) | |
| 6 | Citizenship
or place of organization New
York | |
| Number
Of Shares Beneficially Owned By
Each Reporting Person With | :
7 : : : | Sole
voting power None |
| | :
8 : : : | Shared
voting power None |
| | :
9 : : : | Sole
dispositive power None |
| | :10 : : : | Shared
dispositive power None |
| 11 | Aggregate
amount beneficially owned by each reporting person None | |
| 12 | Check
box if the aggregate amount in row (11) excludes certain
shares (SEE INSTRUCTIONS)
X | |
| 13 | Percent
of class represented by amount in row (11) None | |
| 14 | Type
of reporting person (SEE
INSTRUCTIONS) HC,
CO | |

5

CUSIP No. 457030104

| 1 | Names
of reporting persons I.R.S.
identification nos. of above persons (entities only) GAMCO
Investors,
Inc. I.D.
No. 13-4007862 | |
| --- | --- | --- |
| 2 | Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS) (a) (b) | |
| 3 | Sec
use only | |
| 4 | Source of funds (SEE
INSTRUCTIONS) None | |
| 5 | Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e) | |
| 6 | Citizenship
or place of organization New
York | |
| Number
Of Shares Beneficially Owned By
Each Reporting Person With | :
7 : : : | Sole
voting power None |
| | :
8 : : : | Shared
voting power None |
| | :
9 : : : | Sole
dispositive power None |
| | :10 : : : | Shared
dispositive power None |
| 11 | Aggregate
amount beneficially owned by each reporting person None | |
| 12 | Check
box if the aggregate amount in row (11) excludes certain
shares (SEE INSTRUCTIONS)
X | |
| 13 | Percent
of class represented by amount in row (11) None | |
| 14 | Type
of reporting person (SEE
INSTRUCTIONS) HC,
CO | |

6

CUSIP No. 457030104

| 1 | Names
of reporting persons I.R.S.
identification nos. of above persons (entities only) Mario
J. Gabelli | |
| --- | --- | --- |
| 2 | Check
the appropriate box if a member of a group (SEE
INSTRUCTIONS) (a) (b) | |
| 3 | Sec
use only | |
| 4 | Source of funds (SEE
INSTRUCTIONS) None | |
| 5 | Check
box if disclosure of legal proceedings is required pursuant to items 2 (d)
or 2 (e) | |
| 6 | Citizenship
or place of organization USA | |
| Number
Of Shares Beneficially Owned By
Each Reporting Person With | :
7 : : : | Sole
voting power None |
| | :
8 : : : | Shared
voting power None |
| | :
9 : : : | Sole
dispositive power None |
| | :10 : : : | Shared
dispositive power None |
| 11 | Aggregate
amount beneficially owned by each reporting person None | |
| 12 | Check
box if the aggregate amount in row (11) excludes certain
shares (SEE INSTRUCTIONS)
X | |
| 13 | Percent
of class represented by amount in row (11) None | |
| 14 | Type
of reporting person (SEE
INSTRUCTIONS) IN | |

7

Item 1. Security and Issuer

This Amendment No. 12 to Schedule 13D on the Class A Common Stock of Ingles Markets, Incorporated (the “Issuer”) is being filed on behalf of the undersigned to amend the Schedule 13D, as amended (the “Schedule 13D”) which was originally filed on June 21, 1999. Unless otherwise indicated, all capitalized terms used herein but not defined herein shall have the same meanings as set forth in the Schedule 13D.

Item 2. Identity and Background

This statement is being filed by Mario J. Gabelli (“Mario Gabelli”) and various entities which he

directly or indirectly controls or for which he acts as chief investment officer. These entities, except for LICT Corporation (“LICT”), engage in various aspects of the securities business, primarily as investment adviser to various institutional and individual clients, including registered investment companies and pension plans, and as general partner of various private investment partnerships. Certain of these entities may also make investments for their own accounts.

The foregoing persons in the aggregate often own beneficially more than 5% of a class of a particular issuer. Although several of the foregoing persons are treated as institutional investors for purposes of reporting their beneficial ownership on the short-form Schedule 13G, the holdings of those who do not qualify as institutional investors may exceed the 1% threshold presented for filing on Schedule 13G or implementation of their investment philosophy may from time to time require action which could be viewed as not completely passive. In order to avoid any question as to whether their beneficial ownership is being reported on the proper form and in order to provide greater investment flexibility and administrative uniformity, these persons have decided to file their beneficial ownership reports on the more detailed Schedule 13D form rather than on the short-form Schedule 13G and thereby to provide more expansive disclosure than may be necessary.

(a), (b) and (c) - This statement is being filed by one or more of the following persons: GGCP, Inc. (“GGCP”), GAMCO Investors, Inc. (“GBL”), Gabelli Funds, LLC (“Gabelli Funds”), GAMCO Asset Management Inc. (“GAMCO”), Teton Advisors, Inc. (“Teton Advisors”), Gabelli Securities, Inc. (“GSI”), Gabelli & Company, Inc. (“Gabelli & Company”), MJG Associates, Inc. (“MJG Associates”), Gabelli Foundation, Inc. (“Foundation”), Mario Gabelli, and LICT. Those of the foregoing persons signing this Schedule 13D are hereafter referred to as the “Reporting Persons”.

GGCP makes investments for its own account and is the parent company of GBL. GBL, a public company listed on the New York Stock Exchange, is the parent company for a variety of companies engaged in the securities business, including those named below.

GAMCO, a wholly-owned subsidiary of GBL, is an investment adviser registered under the Investment Advisers Act of 1940, as amended (“Advisers Act”). GAMCO is an investment manager providing discretionary managed account services for employee benefit plans, private investors, endowments, foundations and others.

GSI, a majority-owned subsidiary of GBL, is an investment adviser registered under the Advisers Act and serves as a general partner or investment manager to limited partnerships and offshore investment companies. As a part of its business, GSI may purchase or sell securities for its own account. It is the immediate parent of Gabelli & Company. GSI is the general partner or investment manager of a number of funds or partnerships, including Gabelli Associates Fund, Gabelli Associates Fund II, Gabelli Associates Limited, ALCE Partners, L.P., and Gabelli Multimedia Partners, L.P. GSI and Marc Gabelli own 45% and 55%, respectively, of Gabelli Securities International Limited (“GSIL”). GSIL provides investment advisory services to offshore funds and accounts. GSIL is an investment advisor of Gabelli International Gold Fund Limited, Gabelli European Partners, Ltd., and Gabelli Global Partners, Ltd.

Gabelli & Company, a wholly-owned subsidiary of GSI, is a broker-dealer registered under the Securities Exchange Act of 1934, as amended (“1934 Act”), which as a part of its business regularly purchases and sells securities for its own account.

Gabelli Funds, a wholly owned subsidiary of GBL, is a limited liability company. Gabelli Funds is an investment adviser registered under the Advisers Act which presently provides discretionary managed account services for The Gabelli Equity Trust Inc., The Gabelli Asset Fund, The GAMCO Growth Fund, The Gabelli Convertible and Income Securities Fund Inc., The Gabelli Value Fund Inc., The Gabelli Small Cap Growth Fund, The Gabelli Equity Income Fund, The Gabelli ABC Fund, The GAMCO Global Telecommunications Fund, GAMCO Gold Fund, Inc., The Gabelli Global Multimedia Trust Inc., The GAMCO Global Convertible Securities Fund, Gabelli Capital Asset Fund, GAMCO International Growth Fund, Inc., The GAMCO Global Growth Fund, The Gabelli Utility Trust, The GAMCO Global Opportunity Fund, The Gabelli Utilities Fund, The Gabelli Blue Chip Value Fund, The GAMCO Mathers Fund, The Gabelli Woodland Small Cap Value Fund, The Comstock Capital Value Fund, The Comstock Strategy Fund, The Gabelli Dividend and Income Trust, The Gabelli Global Utility & Income Trust, The Gabelli Global Gold, Natural Resources, & Income Trust, The Gabelli Global Deal Fund, and The Gabelli Healthcare & Wellness Rx Trust (collectively, the “Funds”), which are registered investment companies.

Teton Advisors, a subsidiary of GBL, is an investment adviser which provides discretionary advisory services to The GAMCO Westwood Mighty Mites sm Fund, The GAMCO Westwood Income Fund and The GAMCO Westwood Small Cap Fund.

MJG Associates provides advisory services to private investment partnerships and offshore funds. Mario Gabelli is the sole shareholder, director and employee of MJG Associates. MJG Associates is the Investment Manager of Gabelli International Limited, Gabelli International II Limited and Gabelli Fund, LDC. Mario J. Gabelli is the general partner of Gabelli Performance Partnership, LP.

The Foundation is a private foundation. Mario Gabelli is the President, a Trustee and the

Investment Manager of the Foundation.

LICT is a holding company with operating subsidiaries engaged primarily in the rural telephone industry. LICT actively pursues new business ventures and acquisitions. LICT makes investments in marketable securities to preserve capital and maintain liquidity for financing their business activities and acquisitions and are not engaged in the business of investing, reinvesting, or trading in securities. Mario J. Gabelli is a director, and substantial shareholder of LICT.

Mario Gabelli is the majority stockholder and Chief Executive Officer of GGCP and Chairman and Chief Executive Officer of GBL. GGCP is the majority shareholder of GBL. GBL, in turn, is the sole stockholder of GAMCO. GBL is also the majority stockholder of GSI and the largest shareholder of Teton Advisors. Gabelli & Company is a wholly-owned subsidiary of GSI.

The Reporting Persons do not admit that they constitute a group.

GGCP, GBL, GAMCO, and Gabelli & Company are New York corporations and GSI and Teton Advisors are Delaware corporations, each having its principal business office at One Corporate Center, Rye, New York 10580. Gabelli Funds is a New York limited liability company having its principal business office at One Corporate Center, Rye, New York 10580. MJG Associates is a Connecticut corporation having its principal business office at 140 Greenwich Avenue, Greenwich, CT 06830. The Foundation is a Nevada corporation having its principal offices at 165 West Liberty Street, Reno, Nevada 89501. LICT is a Delaware corporation having its principal place of business at 401 Theodore Fremd Avenue, Rye, New York 10580.

For information required by instruction C to Schedule 13D with respect to the executive officers and directors of the foregoing entities and other related persons (collectively, “Covered Persons”), reference is made to Schedule I annexed hereto and incorporated herein by reference.

(f) - Reference is made to Schedule I hereto.

Item 3. Source and Amount of Funds or Other Consideration

Item 3 to Schedule 13D is amended, in pertinent part, as follows:

The Reporting Persons used an aggregate of approximately $3,328,530 to purchase the additional Securities reported as beneficially owned in Item 5 since the most recent filing on Schedule 13D. GAMCO and Gabelli Funds used approximately $953,632 and $2,374,898, respectively, of funds that were provided through the accounts of certain of its investment advisory clients (and, in the case of some of such accounts at GAMCO, may be through borrowings from client margin accounts) in order to purchase the additional Securities for such clients.

Item 5. Interest In Securities Of The Issuer

Item 5 to Schedule 13D is amended, in pertinent part, as follows:

(a) The aggregate number of Securities to which this Schedule 13D relates is 1,058,500 shares, representing 8.54% of the 12,390,285 shares outstanding as reported in the Issuer’s most recent Form 10-Q for the quarter ended December 29, 2007. The Reporting Persons beneficially own those Securities as follows:

| Name | Shares
of Common Stock | %
of Class of Common |
| --- | --- | --- |
| Gabelli
Funds | 482,000 | 3.89% |
| GAMCO | 574,500 | 4.64% |
| GSI | 2,000 | 0.02% |

Mario Gabelli is deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons. GSI is deemed to have beneficial ownership of the Securities beneficially owned by Gabelli & Company. GBL and GGCP are deemed to have beneficial ownership of the Securities owned beneficially by each of the foregoing persons other than Mario Gabelli and the Foundation.

(b) Each of the Reporting Persons and Covered Persons has the sole power to vote or direct the vote and sole power to dispose or to direct the disposition of the Securities reported for it, either for its own benefit or for the benefit of its investment clients or its partners, as the case may be, except that (i) GAMCO does not have the authority to vote 16,000 of the reported shares, (ii) Gabelli Funds has sole dispositive and voting power with respect to the shares of the Issuer held by the Funds so long as the aggregate voting interest of all joint filers does not exceed 25% of their total voting interest in the Issuer and, in that event, the Proxy Voting Committee of each Fund shall respectively vote that Fund’s shares, (iii) at any time, the Proxy Voting Committee of each such Fund may take and exercise in its sole discretion the entire voting power with respect to the shares held by such fund under special circumstances such as regulatory considerations, and (iv) the power of Mario Gabelli, GBL, and GGCP is indirect with respect to Securities beneficially owned directly by other Reporting Persons.

(c) Information with respect to all transactions in the Securities which were effected during the past sixty days or since the most recent filing on Schedule 13D, whichever is less, by each of the Reporting Persons and Covered Persons is set forth on Schedule II annexed hereto and incorporated herein by reference.

(e) Not applicable.

8

Signature

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: March 31, 2008

MARIO J. GABELLI

GGCP, INC.

GABELLI SECURITIES, INC.

By: /s/ Douglas R. Jamieson

Douglas R. Jamieson

Attorney-in-Fact

GABELLI FUNDS, LLC

By: /s/ Bruce N. Alpert

Bruce N. Alpert

Chief Operating Officer – Gabelli Funds, LLC.

GAMCO ASSET MANAGEMENT INC

GAMCO INVESTORS, INC.

By: /s/ Douglas R. Jamieson

Douglas R. Jamieson

President & Chief Operating Officer – GAMCO Investors, Inc.

President – GAMCO Asset Management Inc.

9

Schedule I

Information with Respect to Executive

Officers and Directors of the Undersigned

Schedule I to Schedule 13D is amended, in pertinent part, as follows:

The following sets forth as to each of the executive officers and directors of the undersigned: his name; his business address; his present principal occupation or employment and the name, principal business and address of any corporation or other organization in which such employment is conducted. Unless otherwise specified, the principal employer of each such individual is GAMCO Asset Management, Inc., Gabelli Funds, LLC, Gabelli Securities, Inc., Gabelli & Company, Inc., Teton Advisors, Inc., or GAMCO Investors, Inc., the business address of each of which is One Corporate Center, Rye, New York 10580, and each such individual identified below is a citizen of the United States. To the knowledge of the undersigned, during the last five years, no such person has been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), and no such person was a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which he was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities law or finding any violation with respect to such laws except as reported in Item 2(d) of this Schedule 13D.

10

GGCP, Inc. Directors:
Vincent J. Amabile Mario
J. Gabelli	Business
Consultant Chief
Executive Officer of GGCP, Inc., and Chairman & Chief Executive
Officer of GAMCO Investors, Inc.; Director/Trustee of all registered
investment companies advised by Gabelli Funds, LLC; Chief Executive
Officer of LICT Corporation.
Marc J. Gabelli	Chairman
of LGL Corporation
Matthew R. Gabelli	Vice
President – Trading Gabelli
& Company, Inc. One
Corporate Center Rye,
New York 10580
Charles C. Baum Douglas
R. Jamieson	Secretary
& Treasurer United
Holdings Co., Inc. 2545
Wilkens Avenue Baltimore,
MD 21223 See
below
Joseph
R. Rindler, Jr.	Account
Executive for GAMCO Asset Management Inc.
Fredric
V. Salerno	Chairman;
Former Vice Chairman and Chief Financial Officer Verizon
Communications
Vincent
Capurso	Vice
President Taxes, Barnes & Noble, Inc.
Vincent
S. Tese	Former
Director GAMCO Investors, Inc.
Officers:
Mario J. Gabelli	Chief
Executive Officer and Chief Investment Officer
Michael G. Chieco	Chief
Financial Officer, Secretary
GAMCO Investors, Inc. Directors:
Edwin
L. Artzt Raymond
C. Avansino Richard
L. Bready	Former
Chairman and Chief Executive Officer Procter
& Gamble Company 900
Adams Crossing Cincinnati,
OH 45202 Chairman
& Chief Executive Officer E.L.
Wiegand Foundation Reno,
NV 89501 Chairman
and Chief Executive Officer Nortek,
Inc. 50
Kennedy Plaza Providence,
RI 02903
Mario J. Gabelli John
D. Gabelli	See
above Senior
Vice President
Eugene
R. McGrath	Former
Chairman and Chief Executive Officer Consolidated
Edison, Inc.
Robert
S. Prather	President
& Chief Operating Officer Gray
Television, Inc. 4370
Peachtree Road, NE Atlanta,
GA 30319
Officers:
Mario J. Gabelli	Chairman
and Chief Executive Officer
Douglas
R. Jamieson Henry
G. Van der Eb Diane
LaPointe Kieran
Caterina	President
and Chief Operating Officer Senior
Vice President Acting
Co-Chief Financial Officer Acting
Co-Chief Financial Officer
GAMCO Asset Management Inc. Directors:
Douglas R. Jamieson Regina M. Pitaro William S. Selby
Officers:
Mario J. Gabelli	Chief
Investment Officer – Value Portfolios
Douglas R. Jamieson John
Piontkowski Chistopher
J. Michailoff	President Chief
Operating Officer & Chief Financial Officer General
Counsel and Secretary
Gabelli Funds, LLC Officers:
Mario J. Gabelli	Chief
Investment Officer – Value Portfolios
Bruce N. Alpert	Executive
Vice President and Chief Operating Officer
Teton Advisors, Inc. Directors:
Bruce N. Alpert Douglas
R. Jamieson	See
above See
above
Officers:
Bruce N. Alpert	President
Gabelli Securities, Inc.
Directors:
Robert W. Blake	President
of W. R. Blake & Sons, Inc. 196-20
Northern Boulevard Flushing,
NY 11358
Douglas G. DeVivo	General
Partner of ALCE Partners, L.P. One
First Street, Suite 16 Los
Altos, CA 94022
Douglas
R. Jamieson	President

Officers:
Douglas R. Jamieson Christopher
J. Michailoff Kieran
Caterina	See
above Secretary Chief
Financial Officer
Gabelli & Company, Inc. Directors:
James G. Webster,
III	See
Above
Irene Smolicz	Senior
Trader Gabelli
& Company, Inc.
Officers:
James G. Webster,
III	Chairman
& Interim President
Bruce N. Alpert	Vice
President - Mutual Funds
LICT Corporation 401
Theodore Fremd Avenue Rye, NY 10580
Directors:
Mario J. Gabelli	See
above - GGCP, Inc.
Glenn
Angelillo	P.O.
Box 128 New
Canaan, CT 06840
Alfred
W. Fiore	The
Ross Companies 1270
Avenue of the Americas New
York, NY 10020-1703
Salvatore Muoio	Principal S.
Muoio & Co., LLC Suite
406 509
Madison Ave. New
York, NY 10022
Gary
L. Sugarman	Chief
Executive Officer Richfield
Associates 400
Andrews Street Rochester,
NY 14604
Officers:
Mario J. Gabelli	Chairman
Robert E. Dolan	Interim
President and Chief Executive Officer, Chief
Financial Officer
Thomas J. Hearity	General
Counsel

11

| SCHEDULE
II |
| --- |
| INFORMATION
WITH RESPECT TO |
| TRANSACTIONS
EFFECTED DURING THE PAST SIXTY DAYS OR |
| SINCE
THE MOST RECENT FILING ON SCHEDULE 13D (1) |
| SHARES
PURCHASED AVERAGE |
| DATE SOLD(-) PRICE(2) |
| COMMON
STOCK - INGLES MARKETS, INC. |
| GAMCO
ASSET MANAGEMENT INC. |
| 3/28/08 2,000 24.9595 |
| 3/24/08 3,000 24.1505 |
| 3/24/08 10,000 24.2357 |
| 3/24/08 2,000 24.5000 |
| 3/24/08 800 24.2988 |
| 3/07/08 10,000 21.8771 |
| 3/05/08 1,700 22.5207 |
| 3/04/08 8,300 22.8771 |
| 2/26/08 3,000 24.5095 |
| GABELLI
FUNDS, LLC. |
| GABELLI
SMALL CAP GROWTH FUND |
| 3/28/08 23,100 24.6000 |
| 3/27/08 200 24.6000 |
| 3/25/08 6,700 24.5885 |
| 3/07/08 14,800 22.2166 |
| 3/06/08 5,200 22.2600 |
| 3/05/08 11,800 22.5207 |
| 3/04/08 8,200 22.8771 |
| 2/29/08 900 23.9000 |
| 2/28/08 4,000 24.0500 |
| 2/27/08 100 24.0500 |
| GABELLI
EQUITY INCOME FUND |
| 3/25/08 25,000 24.7586 |
| (1)
UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE
EFFECTED |
| ON
THE NASDAQ GLOBAL SELECT MARKET. |
| (2)
PRICE EXCLUDES COMMISSION. |

12