Jefferies Financial Group Inc. — Director's Dealing 2011

May 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2011-05-18

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
2011-05-18	COMMON SHARES	S	100000	$37.09	Disposed	18004659	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON SHARES	3354654	Indirect

Footnotes

F1: Reflects weighted average per share price of separately priced transactions at a range of $37.00 - $37.21. 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.

F2: Consists of 216,000 common shares beneficially owned by the Reporting Person's wife, and 3,138,654 common shares held in Grantor Retained Annuity Trusts.