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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
Under the Securities Exchange Act of 1934
(Amendment No. 11)
LEUCADIA NATIONAL CORPORATION
(Name of Issuer)
COMMON SHARES, $1 PAR VALUE 527288 5 10 4
(Title of class of securities) (CUSIP number)
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NY 10153
(212) 310-8000
(Name, address and telephone number of person
authorized to receive notices and communications)
SEPTEMBER 24, 2004
(Date of event which requires filing of this statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box
[_].
Note: Schedules filed in paper format shall include a signed original and five
copies of the Schedule, including all exhibits.
(Continued on following pages)
(Page 1 of 6 pages)
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NY2:\1479602\01\VP_201!.DOC\76830.0146
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CUSP No. 527288 5 10 4 13D
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1 NAME OF REPORTING PERSON: Ian M. Cumming
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: 8,981,202
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 148,540
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 8,981,202
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 148,540
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 9,129,742
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
See Item 5.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 12.8%
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14 TYPE OF REPORTING PERSON: IN
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2
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CUSIP No. 527288 5 10 4 13D
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1 NAME OF REPORTING PERSON: Joseph S. Steinberg
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP: (a) [X]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: N/A
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEM 2(d) OR 2(e): [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION: United States
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NUMBER OF 7 SOLE VOTING POWER: 9,491,869
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 46,400
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 9,491,869
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 46,400
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 9,538,269
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [X]
See Item 5.
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 13.3%
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14 TYPE OF REPORTING PERSON: IN
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3
Item 1. Security and Issuer.
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This Statement constitutes Amendment No. 10 to the Statement on
Schedule 13D, as previously amended (the "Schedule 13D"), filed with the
Securities and Exchange Commission, by Ian M. Cumming and Joseph S. Steinberg
with respect to the Common Shares, par value $1 per share (the "Common Shares"),
of Leucadia National Corporation (the "Company"). Unless otherwise indicated,
all capitalized terms used herein shall have the meaning ascribed to them in the
Schedule 13D.
Item 5. Interest in Securities of the Issuer.
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(a)-(b) As of September 29, 2004, Ian M. Cumming and Joseph S.
Steinberg beneficially owned the following Common Shares:
Ian M. Cumming is the beneficial owner of 8,981,202 Common
Shares. The 8,981,202 Common Shares represent approximately 12.6% of the
71,473,102 Common Shares outstanding as of September 29, 2004. Mr. Cumming has
sole dispositive power over such Common Shares. Mr. Cumming may also be deemed
to be the beneficial owner of an additional 148,540 Common Shares (.2%)
beneficially owned by his wife (directly and through trusts for the benefit of
Mr. Cumming's children of which Mr. Cumming's wife is trustee). The foregoing
does not include an aggregate of 29,734 Common Shares (less than .1%) that are
beneficially owned by a private charitable foundation, of which Mr. Cumming is a
trustee and President and as to which Mr. Cumming disclaims beneficial
ownership.
Joseph S. Steinberg is the beneficial owner of 9,538,269 Common
Shares The 9,538,269 Common Shares represent approximately 13.3% of the
71,473,102 Common Shares outstanding as of September 29, 2004. Mr. Steinberg has
sole dispositive power over such Common Shares. Mr. Steinberg may also be deemed
to be the beneficial owner of an additional 46,400 Common Shares (less than .1%)
beneficially owned by his wife and daughter. The foregoing does not include an
aggregate of 327,742 Common Shares (approximately .5%) beneficially owned by a
trust for the benefit of Mr. Steinberg's children, of which Mr. Steinberg's wife
is one of three trustees.
Messrs. Cumming and Steinberg have an oral agreement pursuant to
which they will consult with each other as to the election of a mutually
acceptable Board of Directors of the Company.
Except as discussed above, neither Mr. Cumming nor Mr. Steinberg
has any present plans or intentions that would result in or relate to any of the
transactions described in subparagraphs (a) through (j) of Item 4 of Schedule
13D.
(c) On September 24, 2004, Mr. Cumming sold in a private
transaction warrants to purchase 195,281 Common Shares at a sale price of $31.05
per share. Also on that date, trusts for the benefit of Mr. Cumming's sons sold
in a private transaction warrants to purchase an aggregate of 21,772 Common
Shares at a sale price of $31.05 per share. Mr. Cumming was deemed to be the
beneficial owner of the warrants held by the trusts. The warrants are subject to
registration rights pursuant to the terms of the warrants. The form of warrant
was filed as Exhibit 1 to Annex B to the Company's Proxy Statement dated April
9, 1999.
On September 29, 2004, Mr. Cumming exercised warrants to purchase
99,719 Common Shares upon the payment to the Company of the exercise price of
$23.95 per share. Also on that date, trusts for the benefit of Mr. Cummings'
sons exercised warrants to purchase 28,228 Common Shares upon the payment to the
Company of the exercise price of $23.95 per share. Mr. Cumming was deemed to be
the beneficial owner of the warrants held by the trusts and is deemed to be the
beneficial owner of the Common Shares issued upon exercise of those warrants.
4
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: November 4, 2004
By: /s/ Ian M. Cumming
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Ian M. Cumming
5
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is true,
complete and correct.
Dated: November 4, 2004
By: /s/ Joseph S. Steinberg
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Joseph S. Steinberg
6