Jefferies Financial Group Inc. — Director's Dealing 2004

Jul 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2004-07-23

Reporting Person: GLAUBINGER LAWRENCE D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-07-23	Common Shares, par value $1 per share	M	1000	$22.8125	Acquired	82000	Direct
2004-07-23	Common Shares, par value $1 per share	M	750	$33.14	Acquired	82750	Direct
2004-07-23	Common Shares, par value $1 per share	M	500	$35.23	Acquired	83250	Direct
2004-07-23	Common Shares, par value $1 per share	M	250	$38.54	Acquired	83500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-07-23	Options to Purchase Common Shares (Right to Buy)	$22.8125	M	1000	Disposed	2005-05-16	Common Shares (1000)	Direct
2004-07-23	Options to Purchase Common Shares (Right to Buy)	$33.14	M	750	Disposed	2006-06-06	Common Shares (750)	Direct
2004-07-23	Options to Purchase Common Shares (Right to Buy)	$35.23	M	500	Disposed	2007-05-14	Common Shares (500)	Direct
2004-07-23	Options to Purchase Common Shares (Right to Buy)	$38.54	M	250	Disposed	2008-05-13	Common Shares (250)	Direct

Footnotes

F1: The zero ("0") in this column is a "dummy" amount, solely for the purpose of permitting the use of a descriptive footnote
stating that the price is not applicable.