Jefferies Financial Group Inc. — Director's Dealing 2004

Nov 8, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: METROCALL HOLDINGS INC (MTOH)
CIK: 0000906525
Period of Report: 2004-11-04

Reporting Person: LEUCADIA NATIONAL CORP (10% Owner)
Reporting Person: WEBLINK WIRELESS INC (10% Owner)
Reporting Person: Weblink Wireless I, L.P. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-04	Common Stock	X	25000	$40.00	Acquired	525000	Indirect
2004-11-04	Common Stock	X	100000	$40.00	Acquired	625000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-04	Warrants to Purchase Common Stock (Right to Buy)	$40.00	X	25000	Disposed	2006-11-18	Common Stock (25000)	Indirect
2004-11-04	Warrants to Purchase Common Stock (Right to Buy)	$40.00	X	100000	Disposed	2007-06-15	Common Stock (100000)	Indirect

Footnotes

F1: These securities are owned directly by WebLink Wireless I, L.P., the general partner of which is WebLink Wireless, Inc.,
which in turn is a majority owned subsidiary of Leucadia National Corporation. WebLink Wireless, Inc. and Leucadia National
Corporation are indirect beneficial owners of the reported securities.
Each reporting person disclaims beneficial ownership of all indirectly owned securities reported on this Form in excess of
such reporting person's pecuniary interest therein.

F2: Not applicable.