Ownership Submission
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, Section 17(a) of the Public Utility Holding Company Act of 1935 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
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

100 COMMERCIAL		 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 11/29/2007   G 200 D $ 0 782,114 I By Trust
Common Stock 12/07/2007   G 12,000 D $ 0 770,114 I By Trust
Common Stock 12/13/2007   G 1,190 A $ 0 771,304 I By Trust
Common Stock 06/20/2008   G 33,763 D $ 0 737,541 I By Trust
Common Stock             65,000 D  
Common Stock 12/13/2007   G 1,190 A $ 0 223,450 I By Spouse's Trust
Common Stock             146,114.585 (1) I By ESOP
Common Stock             21,289.7909 (2) I By ESPP
Preferred Stock             71 D  
Preferred Stock             221 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 - Incentive $ 6.25             (3) 12/10/2008 Common Stock
14,600
  14,600
D
 
Stock Options - Non-qualified $ 6.25             (4) 12/10/2008 Common Stock
33,400
  33,400
D
 
Stock Options - Incentive $ 4             (5) 12/09/2009 Common Stock
12,000
  12,000
D
 
Stock Options - Non-qualified $ 4             (6) 12/09/2009 Common Stock
36,000
  36,000
D
 
Stock Options - Incentive $ 4.65             (7) 06/08/2011 Common Stock
24,000
  24,000
D
 
Stock Options - non-qualified $ 4.65             (8) 06/08/2011 Common Stock
24,000
  24,000
D
 
Stock Options - Incentive $ 6.44             (9) 06/12/2012 Common Stock
37,484
  37,484
D
 
Stock Options - Non-qualified $ 6.44             (10) 06/12/2012 Common Stock
10,516
  10,516
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
SEABERG LAIDACKER M
100 COMMERCIAL
ATCHISON, KS 66002		   X      

Signatures

Laidacker M. Seaberg 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) Includes 1663.5850 shares acquired betweenthe period of 7/2/2007 and 6/30/2008 under ESOP in a transaction exempt under 16b-3(c).
(2) Includes 845.6245 shares acquired between the period of 7/2/2007 and 6/30/2008 under ESPP in a transaction exempt under 16b-3(c).
(3) 2600 shares exercisable on 12/10/2001; 12,000 shares exercisable on 12/10/2002.
(4) 12,000 shares exercisable on 12/10/1999; 12,000 shares exercisable on 12/10/2000; and 9,400 shares exercisable on 12/10/2001.
(5) 6,000 shares exercisable on 12/9/2002; 6,000 shares exercisable on 12/9/2003.
(6) 12000 shares exercisable on 12/9/2000; 12000 shares exercisable on 12/9/2001; 6000 shares exercisable on 12/9/2002; 6000 shares exercisable on 12/9/2003.
(7) 12000 shares exercisable on 6/8/2004; 12000 shares exercisable on 6/8/2005.
(8) 12000 exercisable on 6/8/2002; 12000 exercisable on 6/8/2003.
(9) 11792 exercisable on 6/12/2003; 6848 exercisable on 6/12/2004; 6848 exercisable on 6/12/2005; and 12000 exercisable on 6/12/2006.
(10) 208 exercisable on 6/12/2003; 5154 exercisable on 6/12/2004; and 5154 exercisable on 6/12/2005.

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