Sec Form 4 Filing - INMOBILIARIA CARSO S A DE C V @ SAKS INC - 2012-08-31

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) 08/31/2012 (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 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 (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 09/04/2012 Signature of Reporting Person Date

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.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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