X0303 4 2010-11-17 0000812900 SAKS INC SKS 0001186885 HESS DONALD E SAKS INCORPORATED 12 EAST 49TH STREET NEW YORK NY 10017 1 0 0 0 Common Stock 2010-11-17 4 M 0 2582 6.5751 A 147338 D Common Stock 2010-11-17 4 M 0 5164 7.7078 A 152502 D Common Stock 2010-11-17 4 M 0 4305 5.4228 A 156807 D Common Stock 2010-11-17 4 S 0 12051 11.50 D 144756 D Common Stock 2010-11-17 4 S 0 40000 11.3627 D 104756 D Employee Stock Option Right to Buy 6.5751 2010-11-17 4 M 0 2582 0 A 2011-06-13 Common Stock 2582 0 D Employee Stock Option Right to Buy 7.7078 2010-11-17 4 M 0 5164 0 A 2012-06-19 Common Stock 5164 0 D Employee Stock Option Right to Buy 5.4228 2010-11-17 4 M 0 4305 0 A 2013-06-11 Common Stock 4305 0 D Option vested as follows: 20% on 12/13/2001; 20% on 6/13/2002; 20% on 6/13/2003; 20% on 6/13/2004; and 20% on 6/13/2005. Option vested as follows: 20% on 12/19/2002; 20% on 6/19/2003; 20% on 6/19/2004; 20% on 6/19/2005; and 20% on 6/19/2006. Option vested as follows: 20% on 12/11/2003; 20% on 6/11/2004; 20% on 6/11/2005; 20% on 6/11/2006; and 20% on 6/11/2007. The sale price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.25 to $11.54, inclusive. The reporting person undertakes to provide to Saks Incorporated, any security holder of Saks Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. Michael Santora on behalf of Donald Hess 2010-11-19