FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
CLOUD L CRAY JR
 2. Issuer Name and Ticker or Trading Symbol
MGP INGREDIENTS INC [MGPI] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

100 COMMERCIAL, P.O. BOX 130		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2008
(Street)


ATCHISON, KS 66002		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             2,007 D  
Common Stock 11/30/2007   G 23,845 (1) A $ 0 2,653,807 I By Trust
Common Stock 12/13/2007   G 35,702 D $ 0 2,618,105 I By Trust
Common Stock 12/13/2007   G 1,190 D $ 0 12,560 I By Family Foundation
Common Stock             475,530 I By Spouse's Trust
Common Stock 06/02/2008   G 36,000 D $ 0 126,000 I By Trust 1
Common Stock             90,000 I By Trust 8
Common Stock             90,000 I By Trust 9
Common Stock             90,000 I By Trust 10
Common Stock             29,188.28 (2) I By ESPP
Common Stock             107,523.817 (3) I By ESOP
Preferred Stock             111 I By MGP Ingredients Voting Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $ 5.875           04/08/1999 10/08/2008 Common Stock
2,000
  2,000
D
 
Stock Options $ 4.50           04/13/2000 10/13/2009 Common Stock
2,000
  2,000
D
 
Stock Options $ 4.8125           04/12/2001 10/12/2010 Common Stock
2,000
  2,000
D
 
Stock Options $ 5.575           04/11/2002 10/11/2011 Common Stock
2,000
  2,000
D
 
Stock Options $ 3.25           04/11/2003 10/11/2012 Common Stock
2,000
  2,000
D
 
Stock Options $ 4.375           04/10/2004 10/10/2013 Common Stock
2,000
  2,000
D
 
Stock Options $ 9.09           04/16/2005 10/15/2014 Common Stock
2,000
  2,000
D
 
Stock Options $ 10.45           04/17/2006 10/14/2015 Common Stock
2,000
  2,000
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
CLOUD L CRAY JR
100 COMMERCIAL
P.O. BOX 130
ATCHISON, KS 66002		   X      

Signatures

Cloud L. Cray, Jr. 08/12/2008
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reflects a distribution received from reporting person's ESOP.
(2) Includes 3,003.2800 shares acquired between the period of 7/2/2007 and 6/30/2008 under ESPP in a transaction exempt under 16b-3(c).
(3) Includes 23,845 shares distributed to reporting person's Trust on 11/30/2007; and 1,945.8170 shares acquired between the period of 7/2/2007 and 6/30/2008 under ESOP in a transaction exempt under 16b-3(c).

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