Jefferies Financial Group Inc. — Director's Dealing 2005

Apr 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2005-04-20

Reporting Person: NICHOLS JESSE CLYDE III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-20	Common Shares	M	12000	$15.208	Acquired	23558	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-20	Options to Purchase Common Shares (Right to Buy)	$15.208	M	12000	Disposed	2005-05-16	Common Shares (12000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	79512	Direct

Footnotes

F1: Consists of 12,000 shares transferred by the Reporting Person following exercise of the options to a revocable trust for the
benefit of the Reporting Person, 7,277 shares owned directly by the Reporting Person's wife, 2,421 shares beneficially owned
by the Reporting Person's wife through a a majority owned company, 1,380 shares owned by the Reporting Person's minor
children and 480 shares held in trusts for the benefit of the Reporting Person's minor children.

F2: Not appllicable.