SEC FORM 4

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, PRESA FALCON, PISO 20

GRANADA AMPLIACION

(Street)

DISTRITO FEDERAL

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)
08/22/2012

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock, par value $0.10 per share ("Saks Shares")	08/22/2012		S		7,500	D	$11.75	24,922,500	D
Saks Shares	08/22/2012		S		3,000	D	$11.7505	24,989,500	D
Saks Shares	08/22/2012		S		3,000	D	$11.7508	24,986,500	D
Saks Shares	08/22/2012		S		4,000	D	$11.751	24,982,500	D
Saks Shares	08/22/2012		S		4,400	D	$11.7522	24,978,100	D
Saks Shares	08/22/2012		S		3,000	D	$11.7531	24,975,100	D
Saks Shares	08/22/2012		S		5,400	D	$11.7552	24,969,700	D
Saks Shares	08/22/2012		S		4,000	D	$11.7553	24,965,700	D
Saks Shares	08/22/2012		S		6,000	D	$11.7567	24,959,700	D
Saks Shares	08/22/2012		S		4,000	D	$11.7575	24,955,700	D
Saks Shares	08/22/2012		S		10,500	D	$11.76	24,945,200	D
Saks Shares	08/22/2012		S		3,400	D	$11.7609	24,941,800	D
Saks Shares	08/22/2012		S		3,000	D	$11.7619	24,938,800	D
Saks Shares	08/22/2012		S		3,000	D	$11.7623	24,935,800	D
Saks Shares	08/22/2012		S		3,000	D	$11.7631	24,932,800	D
Saks Shares	08/22/2012		S		3,400	D	$11.7665	24,929,400	D
Saks Shares	08/22/2012		S		6,500	D	$11.7668	24,922,900	D
Saks Shares	08/22/2012		S		3,400	D	$11.7693	24,919,500	D
Saks Shares	08/22/2012		S		4,000	D	$11.7695	24,915,500	D
Saks Shares	08/22/2012		S		5,500	D	$11.77	24,910,000	D
Saks Shares	08/22/2012		S		5,500	D	$11.7701	24,904,500	D
Saks Shares	08/22/2012		S		2,500	D	$11.7702	24,902,000	D
Saks Shares	08/22/2012		S		2,000	D	$11.7706	24,900,000	D
Saks Shares	08/22/2012		S		7,000	D	$11.771	24,893,000	D
Saks Shares	08/22/2012		S		3,000	D	$11.7714	24,890,000	D
Saks Shares	08/22/2012		S		3,000	D	$11.7718	24,887,000	D
Saks Shares	08/22/2012		S		10,000	D	$11.7724	24,877,000	D
Saks Shares	08/22/2012		S		4,000	D	$11.7725	24,873,000	D
Saks Shares	08/22/2012		S		2,500	D	$11.7733	24,870,500	D
Saks Shares	08/22/2012		S		3,000	D	$11.774	24,867,500	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

Remarks:

See attached Exhibit 99-1 to Form 4, which is hereby incorporated herein by reference. This is the first part of a five - part filing on Form 4 by the Reporting Persons. Exhibits 99.1 Explanation of Responses.

	Eduardo Valdes Acra, Attorney-in-Fact	08/24/2012
	** 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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