X0303 4 2010-02-25 0000812900 SAKS INC SKS 0001186892 SADOVE STEPHEN I 12 E. 49TH STREET NEW YORK NY 10017 1 1 0 0 Chairman & CEO Common Stock 2010-02-25 4 A 0 186012 0 A 886347 D Common Stock 52000 I Through 2008 GRAT Common Stock 200000 I Through 2009 GRAT Restricted Stock Award granted under the Saks Incorporated 2009 Long-Term Incentive Plan. Includes 48,000 shares of common stock acquired on November 25, 2009 pursuant to annuity payment from 2008 GRAT. These shares are held in a grantor retained annuity trust, which is an estate planning vehicle for transferring any appreciation in value of the trust assets to family members. The reporting person serves as trustee of both of the GRATs and receives annuity payments from each GRAT, which may be paid in cash or stock. Any assets remaining in the GRAT at the end of the trust term will be transferred to a family trust. Michael Santora on behalf of Stephen Sadove 2010-02-26