Jefferies Financial Group Inc. — Director's Dealing 2006

Jun 2, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2006-05-31

Reporting Person: NICHOLS JESSE CLYDE III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-31	Common Shares	M	1500	$22.093	Acquired	77527	Direct
2006-05-31	Common Shares	F	517	$64.04	Disposed	77010	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-31	Options to Purchase Common Shares (Right to Buy)	$22.093	M	1500	Disposed	2006-06-06	Common Shares (1500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	27493	Indirect

Footnotes

F1: Consists of 15,000 shares held by a revocable trust for the benefit of the Reporting Person, 10,463 shares held by the
Reporting Person's wife (directly and indirectly through a majority owned company), 1,380 shares held by Reporting Person's
minor children and 650 shares held in trust for the benefit of the Reporting Person's minor children.

F2: The stock options were granted under the Leucadia National Corporation 1999 Stock Option Plan.

F3: Not Applicable.

F4: Share amounts do not reflect two-for-one stock split payable on June 14, 2006 to stockholders of record on May 30, 2006.