Jefferies Financial Group Inc. — Director's Dealing 2009

Dec 23, 2009

SEC Form 4/A — Form 4/A

Issuer: AVISTAR COMMUNICATIONS CORP (AVSR)
CIK: 0001111632
Period of Report: 2009-12-23

Reporting Person: LEUCADIA NATIONAL CORP (10% Owner)
Reporting Person: PHLCORP INC (10% Owner)
Reporting Person: Baldwin Enterprises, Inc. (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-23	4.5% Convertible Subordinated Secured Notes due 2010	$0.70	S	5714285	Disposed	2010-01-04	Common Stock (5714285)	Indirect

Footnotes

F1: The outstanding principal amount of the 4.5% Convertible Subordinated Secured Notes due 2010 (the "Notes") held by the
Reporting Person ($4 million), and accrued interest thereon, was paid by the Issuer.

F2: The Notes were owned directly by Baldwin Enterprises, Inc. ("Baldwin"), and indirectly owned by Phlcorp, Inc. ("Phlcorp")
and Leucadia National Corporation ("Leucadia"). Baldwin is a wholly-owned subsidiary of Phlcorp, and Phlcorp is a
wholly-owned subsidiary of Leucadia. See Exhibit 99.1.