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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
812900	Saks Inc	SKS	Retail-Department Stores (5311)	620331040

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1186892	I Stephen Sadove	12 E. 49Th Street New York NY 10017	Chairman & Ceo	Yes	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-03-09	72,110	$7.60	814,237	No	4	F	Direct
Common Stock	Acquisiton	2010-03-11	5,164	$6.14	819,401	No	4	M	Direct
Common Stock	Disposition	2010-03-11	5,164	$7.86	817,812	No	4	S	Direct
Common Stock	Disposition	2010-03-11	100,000	$7.86	100,000	No	4	S	Indirect	Through 2009 GRAT
Common Stock	Disposition	2010-03-11	48,425	$7.86	0	No	4	S	Indirect	Through 2008 GRAT

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	F	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Indirect	Through 2009 GRAT
No	4	S	Indirect	Through 2008 GRAT

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option Right to Buy	Disposition	2010-03-11	5,164	$0.00	5,164	$6.14

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2010-06-21	No	4	M	Direct

Footnotes

Option vested as follows: 20% on 12/21/2000; 20% on 6/21/2001; 20% on 6/21/2002; 20% on 6/21/2003; and 20% on 6/21/2004.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.84 to $7.88, inclusive. The reporting person undertakes to provided to Saks Incorporated, any security holder of Saks Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
Includes 3,575 shares of common stock acquired on March 10, 2010 pursuant to annuity payment from 2008 GRAT.
These shares are held in a grantor retained annuity trust, which is an estate planning vehicle for transferring any appreciation in value of trust assets to family members. The reporting person serves as trustee of the GRAT and receives annuity payments from the GRAT, which may be paid in cash or stock. Any assets remaining in the GRAT at the end of the trust term will be transferred to a family trust.