Jefferies Financial Group Inc. — Director's Dealing 2009

May 12, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2009-05-08

Reporting Person: HIRSCHFIELD ALAN J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-08	Common Shares	M	3000	$15.56	Acquired	38000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-05-08	Option to Purchase Common Shares	$15.56	M	3000	Disposed	2009-05-11	Common Shares (3000)	Direct
2009-05-11	Option to Purchase Common Shares	$24.44	A	2000	Acquired	2014-05-11	Common Shares (2000)	Direct

Footnotes

F1: The stock options were granted on May 11, 2004 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.

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.