Sec Form 4 Filing - INMOBILIARIA CARSO S A DE C V @ SAKS INC - 2012-08-20

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

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, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person INMOBILIARIA CARSO S A DE C V 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. (Last) (First) (Middle) LAGO ZURICH 245, PRESA FALCON, PISO 20, GRANADA AMPLIACION 3. Date of Earliest Transaction (MM/DD/YY) 08/20/2012 (Street) DISTRITO FEDERAL, O511529 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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") 08/21/2012 S V 2,500 D $ 11.7703 25,337,500 D Saks Shares 08/21/2012 S V 2,500 D $ 11.7733 25,335,000 D Saks Shares 08/21/2012 S V 2,500 D $ 11.804 25,332,500 D Saks Shares 08/21/2012 S V 2,400 D $ 11.8054 25,330,100 D Saks Shares 08/21/2012 S V 2,500 D $ 11.8084 25,327,600 D Saks Shares 08/21/2012 S V 1,795 D $ 11.8111 25,325,805 D Saks Shares 08/21/2012 S V 3,000 D $ 11.8118 25,322,805 D Saks Shares 08/21/2012 S V 3,000 D $ 11.8133 25,319,805 D Saks Shares 08/21/2012 S V 5,000 D $ 11.8135 25,314,805 D Saks Shares 08/21/2012 S V 3,000 D $ 11.8164 25,311,805 D Saks Shares 08/21/2012 S V 1,666 D $ 11.8218 25,310,139 D Saks Shares 08/21/2012 S V 3,000 D $ 11.8234 25,307,139 D Saks Shares 08/21/2012 S V 3,000 D $ 11.8249 25,304,139 D Saks Shares 08/21/2012 S V 3,000 D $ 11.8259 25,301,139 D Saks Shares 08/21/2012 S V 3,000 D $ 11.833 25,298,139 D Saks Shares 08/21/2012 S V 2,500 D $ 11.8349 25,295,639 D Saks Shares 08/21/2012 S V 1,400 D $ 11.84 25,294,239 D Saks Shares 08/21/2012 S V 3,000 D $ 11.8489 25,291,239 D Saks Shares 08/21/2012 S V 2,000 D $ 11.8507 25,289,239 D Saks Shares 08/21/2012 S V 5,000 D $ 11.8532 25,284,239 D Saks Shares 08/21/2012 S V 2,500 D $ 11.8535 25,281,739 D Saks Shares 08/21/2012 S V 5,000 D $ 11.86 25,276,739 D Saks Shares 08/21/2012 S V 2,500 D $ 11.8601 25,274,239 D Saks Shares 08/21/2012 S V 2,500 D $ 11.8609 25,271,739 D Saks Shares 08/21/2012 S V 2,500 D $ 11.8635 25,269,239 D Saks Shares 08/21/2012 S V 500 D $ 11.87 25,268,739 D Saks Shares 08/21/2012 S V 2,000 D $ 11.8704 25,266,739 D Saks Shares 08/21/2012 S V 3,400 D $ 11.8713 25,263,339 D Saks Shares 08/21/2012 S V 4,000 D $ 11.8725 25,259,339 D Saks Shares 08/21/2012 S V 2,500 D $ 11.8734 25,259,839 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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 of Derivative Security: 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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other INMOBILIARIA CARSO S A DE C V LAGO ZURICH 245, PRESA FALCON, PISO 20 GRANADA AMPLIACION DISTRITO FEDERAL, O511529 X Affiliates - see Exhibit 99-1. Signatures Eduardo Valdes Acra, Attorney-in-Fact 08/22/2011 Signature of Reporting Person Date

Explanation of Responses:

Remarks: This is the seventh part of a nine - part filing on Form 4 by the Reporting Persons.See attached Exhibit 99-1 to Form 4, which is hereby incorporated herein by reference.Exhibits99.1 Explanation of Responses.

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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