Jefferies Financial Group Inc. — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LEUCADIA NATIONAL CORP (LUK)
CIK: 0000096223
Period of Report: 2011-02-25

Reporting Person: STEINBERG JOSEPH S (Director, PRESIDENT, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	COMMON SHARES	M	2000000	$28.515	Acquired	4452165	Direct
2011-02-25	COMMON SHARES	F	1738401	$32.806	Disposed	2713764	Direct
2011-02-25	COMMON SHARES	S	261599	$32.24	Disposed	2452165	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	COMMON SHARE PURCHASE WARRANTS (RIGHT TO BUY)	$28.515	M	2000000	Disposed	2011-03-05	Common Shares (2000000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
COMMON SHARES	22115336	Indirect

Footnotes

F1: On February 25, 2011, the Reporting Person exercised a common share purchase warrant for 2,000,000 common shares, and common shares were withheld to pay the exercise price therefor, all in transactions exempt under Rule 16b-3 under the Securities Exchange Act of 1934.

F2: Consists of shares held by corporations that are owned by the Reporting Person or by trusts as to which the Reporting Person has sole voting and dispositive control, 2,339,712 common shares held in trust for the Reporting Person's children and 139,200 common shares held by the Reporting Person's wife and daughter.