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

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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") 08/20/2012 S 4,000 D $ 11.7409 26,516,000 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7418 26,506,000 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7473 26,496,000 D
Saks Shares 08/20/2012 S 4,000 D $ 11.7481 26,492,000 D
Saks Shares 08/20/2012 S 6,000 D $ 11.75 26,486,000 D
Saks Shares 08/20/2012 S 3,000 D $ 11.7501 26,483,000 D
Saks Shares 08/20/2012 S 7,000 D $ 11.7502 26,476,000 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7508 26,466,000 D
Saks Shares 08/20/2012 S 6,500 D $ 11.7509 26,459,500 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7512 26,449,500 D
Saks Shares 08/20/2012 S 2,000 D $ 11.7526 26,447,500 D
Saks Shares 08/20/2012 S 3,000 D $ 11.7549 26,444,500 D
Saks Shares 08/20/2012 S 10,000 D $ 11.76 26,434,500 D
Saks Shares 08/20/2012 S 4,000 D $ 11.7607 26,430,500 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7608 26,420,500 D
Saks Shares 08/20/2012 S 5,000 D $ 11.7618 26,415,500 D
Saks Shares 08/20/2012 S 2,000 D $ 11.762 26,413,500 D
Saks Shares 08/20/2012 S 5,000 D $ 11.7621 26,408,500 D
Saks Shares 08/20/2012 S 9,000 D $ 11.7628 26,399,500 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7634 26,389,500 D
Saks Shares 08/20/2012 S 4,000 D $ 11.7643 26,385,500 D
Saks Shares 08/20/2012 S 5,000 D $ 11.7645 26,380,500 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7649 26,370,500 D
Saks Shares 08/20/2012 S 22,800 D $ 11.765 26,347,700 D
Saks Shares 08/20/2012 S 5,000 D $ 11.7664 26,342,700 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7665 26,332,700 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7669 26,322,700 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7676 26,312,700 D
Saks Shares 08/20/2012 S 5,000 D $ 11.7678 26,307,700 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7684 26,297,700 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 08/22/2012
Signature of Reporting Person Date
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 nine - part filing on Form 4 by the Reporting Persons.Exhibits99.1 Explanation of Responses.

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