Jefferies Financial Group Inc. — Director's Dealing 2008

Apr 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2008-04-02

Reporting Person: NICHOLS JESSE CLYDE III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-02	Common Shares	M	3000	$12.847	Acquired	156830	Indirect
2008-04-02	Common Shares	M	2250	$15.56	Acquired	159080	Indirect
2008-04-02	Common Shares	M	1000	$18.025	Acquired	160080	Indirect
2008-04-02	Common Shares	M	1000	$30.78	Acquired	161080	Indirect
2008-04-02	Common Shares	F	2456	$49.81	Disposed	158624	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-02	Options to Purchase Common Shares	$12.847	M	3000	Disposed	2008-05-13	Common Shares (3000)	Direct
2008-04-02	Options to Purchase Common Shares	$15.56	M	2250	Disposed	2009-05-11	Common Shares (2250)	Direct
2008-04-02	Options to Purchase Common Shares	$18.025	M	1000	Disposed	2010-05-17	Common Shares (1000)	Direct
2008-04-02	Options to Purchase Common Shares	$30.78	M	1000	Disposed	2011-05-16	Common Shares (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	42228	Direct

Footnotes

F1: Consists of 136,348 shares held by a revocable trust for the benefit of the Reporting Person and 22,276 shares held by the
Reporting Person's wife (directly and indirectly through a majority owned company).
respectively).

F2: The stock options were granted under the Leucadia National Corporation 1999, stock option plan, as amended. Pursuant to
their terms, these options become exercisable at the rate of 25% per year commencing one year after the date of grant
(05/13/04, 05/11/05, 05/17/06, 05/16/07,