Jefferies Financial Group Inc. — Director's Dealing 2009

Oct 15, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2009-10-13

Reporting Person: CUMMING IAN M (Director, Chairman of the Board, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-10-13	Common Shares	S	150110	$25.3551	Disposed	19937851	Direct
2009-10-14	Common Shares	S	259700	$25.9916	Disposed	19678151	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	3195432	Indirect

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on
October 9, 2009.

F2: Reflects weighted average per share price of separately priced transactions at a range of $25.00-$25.55. Upon the request of
the Commission or a security holder of the issuer, full information regarding the number of shares sold at each separate
price will be provided to the requesting party.

F3: Reflects weighted average per share price of separately priced transactions at a range of $25.82 - $26.14. Upon the request
of the Commission or a security holder of the issuer, full information regarding the number of shares sold at each separate
price will be provided to the requesting party.

F4: Consists of 216,000 common shares beneficially owned by the Reporting Person's wife, and 2,979,432 Common shares held in
Grantor Retained Annuity Trusts. The Reporting Person no longer has a reportable beneficial interest in shares owned by
trusts for the benefit of the Reporting Person's adult sons, which were previously included in the Reporting Person's prior
ownership reports, as a result of the resignation in July 2009 by the wife of the Reporting Person as sole trustee of these
trusts.