SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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* HANSEN CHARLES (Last) (First) (Middle) 750 LAKESHORE PARKWAY (Street) BIRMINGHAM AL 35211 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 09/02/2003	3. Issuer Name and Ticker or Trading Symbol SAKS INC [ SKS ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner X Officer (give title below) Other (specify below) EVP and General Counsel	5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	13,333	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option	05/02/2000	05/02/2006	Common Stock	8,750	$13.57	D
Non-Qualified Stock Option	03/26/2001	03/26/2007	Common Stock	8,750	$18	D
Non-Qualified Stock Option	02/02/2002	02/02/2008	Common Stock	10,000	$30.75	D
Non-Qualified Stock Option	10/02/2002	10/02/2008	Common Stock	10,000	$18.9375	D
Non-Qualified Stock Option	04/30/2003	04/30/2009	Common Stock	4,060	$28.3125	D
Non-Qualified Stock Option	02/18/2004(1)	02/18/2010	Common Stock	10,000	$11.125	D
Non-Qualified Stock Option	05/01/2004(2)	05/01/2010	Common Stock	4,410	$11.4375	D
Non-Qualified Stock Option	11/01/2004(3)	11/01/2010	Common Stock	16,624	$9.875	D
Non-Qualified Stock Option	05/04/2005(4)	05/04/2008	Common Stock	4,580	$12.25	D
Non-Qualified Stock Option	05/04/2006(5)	05/04/2009	Common Stock	4,810	$14.91	D

Explanation of Responses:

1. Option vest as follows: 25% on 8/18/01, 25% on 6/18/02, 25% on 4/18/03 and 25% on 2/18/04.

2. Option vest as follows: 20% on 11/1/00, 20% on 5/1/01, 20% on 5/1/02, 20% on 5/1/03, and 20% on 5/1/04.

3. Option vest as follows: 20% on 5/1/01, 20% on 11/1/01, 20% on 11/1/02, 20% on 11/1/03, and 20% on 11/1/04.

4. Option vest as follows: 20% on 11/4/01, 20% on 5/4/02, 20% on 5/4/03, 20% on 5/4/04, and 20% on 5/4/05.

5. Option vest as follows: 20% on 11/4/02, 20% on 5/4/03, 20% on 5/4/04, 20% on 5/4/05, and 20% on 5/4/06.

Remarks:

	Charles Hansen	09/08/2003
	** 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 5 (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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