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 *
SEABERG LAIDACKER M
 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
__X__ Officer (give title below) _____ Other (specify below)
President and CEO
(Last)
(First)
(Middle)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
06/30/2005
(Street)


 		 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 10/07/2004   G 2,721 (1) D $ 0 810,673 I by Trust
Common Stock 12/13/2004   G 4,805 D $ 0 805,868 I by Trust
Common Stock 01/05/2005   G 5,472 D $ 0 800,396 I by Trust
Common Stock 04/26/2005   G 6,335 D $ 0 794,061 I by Trust
Common Stock 11/05/2004   G 1,440 A $ 0 795,501 I by Trust
Common Stock 11/05/2004   G 1,440 A $ 0 220,710 (2) I by Spouse's Trust
Common Stock             142,942.32 (3) I by ESOP
Common Stock             19,617.9167 (4) I by ESPP
Preferred Stock             71 D  
Preferred Stock             221 I by Cray Family 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 NQ $ 6.87             (5) 12/11/2007 Common Stock
35,000 (6)
  35,000
D
 
Stock Options ISO $ 6.87             (7) 12/11/2007 Common Stock
13,000 (8)
  13,000
D
 
Stock Options NQ $ 6.25             (9) 12/10/2008 Common Stock
33,400 (10)
  33,400
D
 
Stock Options ISO $ 6.25             (11) 12/10/2008 Common Stock
14,600 (12)
  14,600
D
 
Stock Options NQ $ 4             (13) 12/09/2009 Common Stock
36,000 (14)
  36,000
D
 
Stock Options ISO $ 4             (15) 12/09/2009 Common Stock
12,000 (16)
  12,000
D
 
Stock Options NQ $ 4.65             (17) 06/08/2011 Common Stock
24,000 (18)
  24,000
D
 
Stock Options ISO $ 4.65             (19) 06/08/2011 Common Stock
24,000 (20)
  24,000
D
 
Stock Options NQ $ 6.44             (21) 06/12/2012 Common Stock
10,516 (22)
  10,516
D
 
Stock Options ISO $ 6.44             (23) 06/12/2012 Common Stock
37,484 (24)
  37,484
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SEABERG LAIDACKER M

 		   X     President and CEO  

Signatures

Laidacker M. Seaberg 08/12/2005
**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) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 399,297 additional shares.
(2) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 109,635 additional shares.
(3) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 70,906.301 additional shares; and includes 1,129.718 acquired between the period of 7/1/2004 and 6/30/2005 under ESOP in a transaction exempt under 16b-3(c).
(4) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 9514.6670 additional shares; and includes 588.5827 shares acquired between the period of 7/1/2004 and 6/30/2005 under ESPP in a transaction exempt under 16b-3(c).
(5) 12,000 shares vested on 12/11/1998; 12,000 shares vested on 12/11/1999; and 11,000 shares vested on 12/11/2000
(6) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 17,500 additional shares of stock options.
(7) 1,000 shares vested on 12/11/2000, and 12,000 shares vested on 12/11/2001
(8) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 6,500 additional shares of stock options.
(9) 12,000 shares vested on 12/10/1999 and 12/10/2000, and 9,400 shares vested on 12/10/2001
(10) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 16,700 additional shares of stock options.
(11) 2,600 shares vested on 12/10/2001, and 12,000 shares vested on 12/10/2002
(12) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 7,300 additional shares of stock options.
(13) 12,000 shares vested on 12/9/2000 and 12/9/2001, and 6,000 vested on 12/9/2002 and 12/9/2003
(14) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 18,000 additional shares of stock options.
(15) 6,000 shares vested on 12/9/2002 and 12/9/2003
(16) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 12,000 additional shares of stock options.
(17) 12,000 shares vested on 6/8/2002 and 6/8/2003
(18) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 12,000 additional shares of stock options.
(19) 12,000 shares vested on 6/8/2004 and 6/8/2005
(20) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 12,000 additional shares of stock options.
(21) 208 shares vested on 6/12/2003, 5,154 vested on 6/12/2004 and 6/12/2005
(22) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 5,258 additional shares of stock options.
(23) 11,792 vested on 6/12/2003; 6,868 vested on 6/12/2004 and 6/12/2005; and 12,000 will vest on 6/12/2006
(24) On July 16, 2004, the common stock of MGP Ingredients, Inc. split 2-for-1 resulting in the reporting person's acquisition of 18,742 additional shares of stock options.

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