SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* AUGUST GLENN R (Last) (First) (Middle) 65 EAST 55TH STREET 32ND FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol STAGE STORES INC [ STGS ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 10/09/2003
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

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 Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock, par value $0.01 per share	10/09/2003		S		1,240,000	D	$27.77	1,154,878	I	See footnotes(1)(2)
Common Stock, par value $0.01 per share								166,313	D

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 Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Of the shares of Common Stock disposed of set forth in Column 4., 304,311 of such shares of Common Stock were disposed of by Oak Hill Securities Fund, L.P. ("OHSF"), 325,220 of such shares of Common Stock were disposed of by Oak Hill Securities Fund Liquidating Trust (the "Trust"), 579,103 of such shares of Common Stock were disposed of by Oak Hill Securities Fund II, L.P. ("OHSF II") and 31,366 of such shares of Common Stock were disposed of by two investment advisory clients of Oak Hill Asset Management, Inc. ("OHAM").

2. Of the shares of Common Stock beneficially owned set forth in Column 5., 283,422 of such shares of Common Stock are held by OHSF, 302,894 of such shares of Common Stock are held by the Trust, 539,350 of such shares of Common Stock are held by OHSF II and 29,212 of such shares of Common Stock are held by two investment advisory clients of OHAM. By virtue of his ultimate control over each of OHSF, the Trust and OHSF II, the Reporting Person may be deemed to beneficially own the shares of Common Stock held by such entities. In addition, the Reporting Person controls OHAM, which is the investment advisor to two persons who own shares of Common Stock. By virtue of the investment advisory agreements between OHAM and such investment advisory clients, the Reporting Person may be deemed to beneficially own the shares of Common Stock held by such investment advisory clients.

Remarks:

The Reporting Person disclaims beneficial ownership of the securities held by OHSF, the Trust,OHSF II and the investment advisory clients of OHAM in excess of his direct or indirect interest in the profits or capital accounts of OHSF,OHSF II and OHAM and his direct or indirect beneficial interests in the Trust and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities in excess of such amount.The Reporting Person may be deemed a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock. However,the Reporting Person disclaims such group membership,and this report shall not be deemed an admission that the reporting person is a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding Common Stock for purposes of Section 16 or for any other purpose.

	Glenn R. August	10/14/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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