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
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 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*
INMOBILIARIA CARSO S A DE C V
(Last) (First) (Middle)
LAGO ZURICH 245 /EDIFICIO PRESA FALCON P
GRANADA AMPLIACION
(Street)
DISTRITO FEDERAL O5 11529
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
SAKS INC [ SKS ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) X Other (specify below)
Affiliates - see Exhibit 99-1.
3. Date of Earliest Transaction (Month/Day/Year)
08/18/2011
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 $0.10 per share ("Saks Shares") 08/18/2011 P 1,000 A $7.715 25,621,000 D
Saks Shares 08/18/2011 P 200 A $7.7175 25,621,200 D
Saks Shares 08/18/2011 P 3,000 A $7.72 25,624,200 D
Saks Shares 08/18/2011 P 3,600 A $7.725 25,627,800 D
Saks Shares 08/18/2011 P 7,300 A $7.73 25,635,100 D
Saks Shares 08/18/2011 P 700 A $7.735 25,635,800 D
Saks Shares 08/18/2011 P 100 A $7.7375 25,635,900 D
Saks Shares 08/18/2011 P 5,116 A $7.74 25,641,016 D
Saks Shares 08/18/2011 P 11,724 A $7.745 25,652,740 D
Saks Shares 08/18/2011 P 200 A $7.7475 25,652,940 D
Saks Shares 08/18/2011 P 300 A $7.7499 25,653,240 D
Saks Shares 08/18/2011 P 99,416 A $7.75 25,752,656 D
Saks Shares 08/18/2011 P 800 A $7.755 25,753,456 D
Saks Shares 08/18/2011 P 680 A $7.76 25,754,136 D
Saks Shares 08/18/2011 P 100 A $7.765 25,754,236 D
Saks Shares 08/18/2011 P 100 A $7.7675 25,754,336 D
Saks Shares 08/18/2011 P 300 A $7.77 25,754,636 D
Saks Shares 08/18/2011 P 1,100 A $7.775 25,755,736 D
Saks Shares 08/18/2011 P 10,229 A $7.78 25,765,965 D
Saks Shares 08/18/2011 P 800 A $7.7825 25,766,765 D
Saks Shares 08/18/2011 P 2,700 A $7.785 25,769,465 D
Saks Shares 08/18/2011 P 100 A $7.7899 25,769,565 D
Saks Shares 08/18/2011 P 65,500 A $7.79 25,835,065 D
Saks Shares 08/18/2011 P 800 A $7.795 25,835,865 D
Saks Shares 08/18/2011 P 26,000 A $7.8 25,861,865 D
Saks Shares 08/18/2011 P 1,300 A $7.805 25,863,165 D
Saks Shares 08/18/2011 P 1,083 A $7.81 25,864,248 D
Saks Shares 08/18/2011 P 2,200 A $7.815 25,866,448 D
Saks Shares 08/18/2011 P 1,000 A $7.82 25,867,448 D
Saks Shares 08/18/2011 P 500 A $7.825 25,867,948 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:
Remarks:
See attached Exhibit 99-1 to Form 4, which is hereby incorporated herein by reference.
Eduardo Valdes Acra, Attorney-in-Fact 08/22/2011
** 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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