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)
08/31/2012

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	08/31/2012		S		500	D	$11.7301	24,349,500	D
Saks Shares	08/31/2012		S		5,000	D	$11.7367	24,344,500	D
Saks Shares	08/31/2012		S		5,000	D	$11.7408	24,339,500	D
Saks Shares	08/31/2012		S		2,500	D	$11.7428	23,337,000	D
Saks Shares	08/31/2012		S		11,000	D	$11.75	23,326,000	D
Saks Shares	08/31/2012		S		2,500	D	$11.7505	23,323,500	D
Saks Shares	08/31/2012		S		2,582	D	$11.7528	23,320,918	D
Saks Shares	08/31/2012		S		7,500	D	$11.7576	23,313,418	D
Saks Shares	08/31/2012		S		2,500	D	$11.7588	23,310,918	D
Saks Shares	08/31/2012		S		2,500	D	$11.7596	23,308,418	D
Saks Shares	08/31/2012		S		7,500	D	$11.76	23,300,918	D
Saks Shares	08/31/2012		S		3,000	D	$11.7603	23,297,918	D
Saks Shares	08/31/2012		S		5,000	D	$11.7627	23,292,918	D
Saks Shares	08/31/2012		S		5,000	D	$11.7658	23,287,918	D
Saks Shares	08/31/2012		S		2,500	D	$11.7676	23,285,418	D
Saks Shares	08/31/2012		S		3,000	D	$11.768	23,282,418	D
Saks Shares	08/31/2012		S		19,918	D	$11.77	23,262,500	D
Saks Shares	08/31/2012		S		3,000	D	$11.771	23,259,500	D
Saks Shares	08/31/2012		S		2,500	D	$11.7711	23,257,000	D
Saks Shares	08/31/2012		S		5,000	D	$11.7728	23,252,000	D
Saks Shares	08/31/2012		S		5,000	D	$11.7736	23,247,000	D
Saks Shares	08/31/2012		S		5,000	D	$11.775	23,242,000	D
Saks Shares	08/31/2012		S		3,000	D	$11.7761	23,239,000	D
Saks Shares	08/31/2012		S		5,000	D	$11.7766	23,234,000	D
Saks Shares	08/31/2012		S		3,000	D	$11.7801	23,231,000	D
Saks Shares	08/31/2012		S		2,500	D	$11.7804	23,228,005	D
Saks Shares	08/31/2012		S		5,000	D	$11.7814	23,223,500	D
Saks Shares	08/31/2012		S		5,000	D	$11.7822	23,218,500	D
Saks Shares	08/31/2012		S		6,000	D	$11.7826	23,212,500	D
Saks Shares	08/31/2012		S		5,000	D	$11.7853	23,207,500	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:

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

	Eduardo Valdes Acra, Attorney-in-Fact	09/04/2012
	** 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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