Sec Form 4 Filing - INMOBILIARIA CARSO S A DE C V @ SAKS INC - 2012-08-29

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) 08/29/2012 (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") 08/30/2012 S V 3,000 D $ 11.7583 23,465,500 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7584 23,462,500 D Saks Shares 08/30/2012 S V 21,000 D $ 11.76 23,441,500 D Saks Shares 08/30/2012 S V 3,000 D $ 11.762 23,438,500 D Saks Shares 08/30/2012 S V 9,000 D $ 11.77 23,429,500 D Saks Shares 08/30/2012 S V 2,500 D $ 11.7703 23,427,000 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7705 23,424,000 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7723 23,421,000 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7743 23,418,000 D Saks Shares 08/30/2012 S V 3,000 D $ 11.779 23,415,000 D Saks Shares 08/30/2012 S V 20,800 D $ 11.78 23,394,200 D Saks Shares 08/30/2012 S V 9,000 D $ 11.7813 23,385,200 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7823 23,382,200 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7827 23,379,200 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7833 23,376,200 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7847 23,373,200 D Saks Shares 08/30/2012 S V 3,000 D $ 11.785 23,370,200 D Saks Shares 08/30/2012 S V 3,000 D $ 11.7893 23,367,200 D Saks Shares 08/30/2012 S V 7,000 D $ 11.8 23,360,200 D Saks Shares 08/30/2012 S V 2,500 D $ 11.8068 23,357,700 D Saks Shares 08/30/2012 S V 700 D $ 11.81 23,357,000 D Saks Shares 08/30/2012 S V 2,500 D $ 11.8432 23,354,500 D Saks Shares 08/30/2012 S V 2,500 D $ 11.8453 23,352,500 D Saks Shares 08/30/2012 S V 2,000 D $ 11.8485 23,350,000 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 Underlyi ng 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 08/31/2012 Signature of Reporting Person Date

Explanation of Responses:

Remarks: This is the third part of a three - 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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