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 5,300 D $ 11.7834 26,079,700 D
Saks Shares 08/20/2012 S 4,500 D $ 11.7835 26,075,200 D
Saks Shares 08/20/2012 S 6,000 D $ 11.7838 26,069,200 D
Saks Shares 08/20/2012 S 10,500 D $ 11.7844 26,058,700 D
Saks Shares 08/20/2012 S 15,000 D $ 11.7845 26,043,700 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7846 26,033,700 D
Saks Shares 08/20/2012 S 2,500 D $ 11.7847 26,031,200 D
Saks Shares 08/20/2012 S 5,000 D $ 11.7848 26,026,200 D
Saks Shares 08/20/2012 S 9,000 D $ 11.785 26,017,200 D
Saks Shares 08/20/2012 S 2,000 D $ 11.7881 26,015,200 D
Saks Shares 08/20/2012 S 4,000 D $ 11.7884 26,011,200 D
Saks Shares 08/20/2012 S 6,000 D $ 11.7887 26,005,200 D
Saks Shares 08/20/2012 S 23,300 D $ 11.79 25,981,900 D
Saks Shares 08/20/2012 S 3,000 D $ 11.7903 25,978,900 D
Saks Shares 08/20/2012 S 2,500 D $ 11.7906 25,976,400 D
Saks Shares 08/20/2012 S 2,300 D $ 11.7907 25,974,100 D
Saks Shares 08/20/2012 S 3,000 D $ 11.7913 25,971,100 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7921 25,961,100 D
Saks Shares 08/20/2012 S 10,000 D $ 11.7922 25,951,100 D
Saks Shares 08/20/2012 S 697 D $ 11.7924 25,950,403 D
Saks Shares 08/20/2012 S 2,000 D $ 11.7927 25,948,403 D
Saks Shares 08/20/2012 S 4,000 D $ 11.7931 25,944,403 D
Saks Shares 08/20/2012 S 2,000 D $ 11.7933 25,942,403 D
Saks Shares 08/20/2012 S 2,000 D $ 11.7935 25,940,403 D
Saks Shares 08/20/2012 S 3,000 D $ 11.7936 25,937,403 D
Saks Shares 08/20/2012 S 3,500 D $ 11.7937 25,933,903 D
Saks Shares 08/20/2012 S 4,000 D $ 11.7945 25,929,903 D
Saks Shares 08/20/2012 S 3,000 D $ 11.7949 25,926,903 D
Saks Shares 08/20/2012 S 3,000 D $ 11.7964 25,923,903 D
Saks Shares 08/20/2012 S 4,000 D $ 11.7978 25,919,903 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 third 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.

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