Jefferies Financial Group Inc. — Director's Dealing 2003

Nov 13, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ALLCITY INSURANCE CO /NY/ (ALCI.OB)
CIK: 0000003642
Period of Report: 2003-11-12

Reporting Person: LEUCADIA NATIONAL CORP (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-12	Common Stock, par value $1.00 per share	P	307206	$2.75	Acquired	619817	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, par value $1.00 per share	6458808	Indirect

Footnotes

F1: Pursuant to the Plan for Acquisition of Minority Interests in Allcity Insurance Company Pursuant to Section 7118 of the New York Insurance Law, ownership of 307,206 shares of Allcity common stock vested in Leucadia and each such share (other than shares for which appraisal is sought under applicable provisions of New York law) was converted into the right to receive $2.75 per share in cash.