-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 TpzZM90ySGvK+27XeE2T/H8x0PG8qO/YsUIyhwz8S8ldVg9kmZAJZl+dAE7yNsAZ
 2obgS3yePezFJXlIC4rulA==

<SEC-DOCUMENT>0001200709-03-000004.txt : 20030527
<SEC-HEADER>0001200709-03-000004.hdr.sgml : 20030526
<ACCEPTANCE-DATETIME>20030527165054
ACCESSION NUMBER:		0001200709-03-000004
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030514
FILED AS OF DATE:		20030527

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MERCER KAREN L
		CENTRAL INDEX KEY:			0001200709

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-16674
		FILM NUMBER:		03720188

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 9
		CITY:			SUGARLAND
		STATE:			TX
		ZIP:			77487
		BUSINESS PHONE:		2814909617

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			IMPERIAL SUGAR CO /NEW/
		CENTRAL INDEX KEY:			0000831327
		STANDARD INDUSTRIAL CLASSIFICATION:	SUGAR & CONFECTIONERY PRODUCTS [2060]
		IRS NUMBER:				740704500
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		ONE IMPERIAL SQ STE 200
		STREET 2:		P O BOX 9
		CITY:			SUGAR LAND
		STATE:			TX
		ZIP:			77487
		BUSINESS PHONE:		2814919181

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IMPERIAL HOLLY CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IMPERIAL SUGAR CO /TX/
		DATE OF NAME CHANGE:	19880606
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc4.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>
    <schemaVersion>X0101</schemaVersion>

    <documentType>4</documentType>
    <periodOfReport>2003-05-14</periodOfReport>
    <notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000831327</issuerCik>
        <issuerName>IMPERIAL SUGAR CO /NEW/</issuerName>
        <issuerTradingSymbol>IPSU</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001200709</rptOwnerCik>
            <rptOwnerName>MERCER KAREN L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>  </rptOwnerStreet1>
            <rptOwnerStreet2>  </rptOwnerStreet2>
            <rptOwnerCity>  </rptOwnerCity>
            <rptOwnerState>  </rptOwnerState>
            <rptOwnerZipCode>  </rptOwnerZipCode>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Vice President and Treasurer</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>
   <derivativeSecurity>
      <securityTitle>
          <value>Employee/Director Stock Option</value>
      </securityTitle>
      <conversionOrExercisePrice>
          <value>5.55</value>
      </conversionOrExercisePrice>
      <transactionDate>
          <value>2003-04-23</value>
      </transactionDate>
      <deemedExecutionDate>
          <value>2003-04-23</value>
      </deemedExecutionDate>
      <transactionCoding>
          <transactionFormType>4</transactionFormType>
          <transactionCode>X</transactionCode>
          <equitySwapInvolved>0</equitySwapInvolved>
              <footnoteId id="F1" />
      </transactionCoding>
      <transactionAmounts>
          <transactionShares>
              <value>8000.00</value>
          </transactionShares>
          <transactionValue>
              <value>0</value>
          </transactionValue>
          <transactionAcquiredDisposedCode>
              <value>A</value>
          </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <exerciseDate>
          <value>2003-02-22</value>
      </exerciseDate>
      <expirationDate>
          <value>2012-02-22</value>
      </expirationDate>
      <underlyingSecurity>
          <underlyingSecurityTitle>
              <value>Common</value>
          </underlyingSecurityTitle>
          <underlyingSecurityShares>
              <value>8000.00</value>
          </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
          <sharesOwnedFollowingTransaction>
              <value>24000.00</value>
          </sharesOwnedFollowingTransaction>
      </postTransactionAmounts>
      <ownershipNature>
          <directOrIndirectOwnership>
              <value>D</value>
          </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeSecurity>
<footnotes>
   <footnote id="F1">Exercise of stock option (vested shares) by a former insider (terminated employment 2/28/03).</footnote>
</footnotes>
    <ownerSignature>
       <signatureName>Karen L Mercer</signatureName>
       <signatureDate>2003-05-14</signatureDate>
    </ownerSignature>
    <ownerSignature>
       <signatureName>Signed by Susan DiMucci under </signatureName>
       <signatureDate>2003-05-14</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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