INTERGROUP CORP — Director's Dealing 2006

Jan 4, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: SANTA FE FINANCIAL CORP (SFEF)
CIK: 0000086759
Period of Report: 2005-12-30

Reporting Person: INTERGROUP CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-30	Common Stock	P	14100	$18.4	Acquired	855564	Direct
2005-12-31	Common Stock	C	63600	—	Acquired	919164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-31	Convertible Voting Preferred Stock	$0	C	63600	Disposed	2005-12-31	Common Stock (63600)	Direct

Footnotes

F1: Conversion of Convertible Voting Preferred Stock to Common Stock on a one-for-one basis.

F2: Converts to Common Stock on a one-for-one basis.