AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON OCTOBER 1, 2004
REGISTRATION NO. 333-118102
________________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
-------------------
POST-EFFECTIVE
AMENDMENT NO. 1
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
-------------------
LEUCADIA NATIONAL CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
-------------------
NEW YORK 6331 13-2615557
(STATE OR OTHER JURISDICTION OF (PRIMARY STANDARD INDUSTRIAL (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) CLASSIFICATION CODE NUMBER) IDENTIFICATION NUMBER)
-------------------
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
(212) 460-1900
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER,
INCLUDING AREA CODE, OF REGISTRANT'S PRINCIPAL EXECUTIVE OFFICES)
JOSEPH A. ORLANDO
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
(212) 460-1900
(NAME, ADDRESS, INCLUDING ZIP CODE, AND TELEPHONE NUMBER,
INCLUDING AREA CODE, OF AGENT FOR SERVICE)
-------------------
WITH COPIES TO:
ANDREA BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153-0119
(212) 310-8000
-------------------
APPROXIMATE DATE OF COMMENCEMENT OF PROPOSED SALE TO THE PUBLIC: From time
to time after this registration statement becomes effective.
If only the securities being registered on this Form are being offered
pursuant to dividend or interest reinvestment plans, please check the following
box. [ ]
If any of the securities being registered on this Form are to be offered on
a delayed or continuous basis pursuant to Rule 415 under the Securities Act of
1933, other than securities offered only in connection with dividend or interest
reinvestment plans, check the following box. [x]
If this form is filed to register additional securities for an offering
pursuant to Rule 462(b) under the Securities Act, check the following box and
list the Securities Act registration statement number of the earlier effective
registration statement for the same offering. [ ]
If this form is a post-effective amendment filed pursuant to Rule 462(d)
under the Securities Act, check the following box and list the Securities Act
registration statement number of the earlier effective registration statement
for the same offering. [ ]
If delivery of the prospectus is expected to be made pursuant to Rule 434,
please check the following box. [ ]
-------------------
THIS POST-EFFECTIVE AMENDMENT NO. 1 TO THE REGISTRATION STATEMENT SHALL
BECOME EFFECTIVE ON SUCH DATE AS THE COMMISSION, ACTING PURSUANT TO SECTION 8(C)
OF THE SECURITIES ACT OF 1933, MAY DETERMINE.
________________________________________________________________________________
EXPLANATORY NOTE
The purpose of this post-effective amendment no. 1 to the registration
statement on Form S-3 of Leucadia National Corporation (File No. 333-118102) is
to amend the table under the caption 'Selling Security Holders' to add the names
of selling security holders who have requested inclusion in the prospectus since
August 31, 2004, the date of effectiveness of the registration statement in
which the prospectus is contained. This information is provided in the
prospectus supplement included in this post-effective amendment. You may find a
copy of the prospectus that is part of this registration statement in our filing
of such prospectus pursuant to Rule 424(b)(3) on August 31, 2004.
THE INFORMATION IN THIS PROSPECTUS IS NOT COMPLETE AND MAY BE CHANGED. THESE
SECURITIES MAY NOT BE SOLD UNTIL THE REGISTRATION STATEMENT FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION IS EFFECTIVE. THIS PROSPECTUS IS NOT AN OFFER
TO SELL SECURITIES, NOR IS IT SOLICITING OFFERS TO BUY THESE SECURITIES, IN ANY
STATE WHERE THE OFFER OR SALE IS NOT PERMITTED.
SUBJECT TO COMPLETION, DATED OCTOBER 1, 2004
PROSPECTUS SUPPLEMENT NO. 1
(TO PROSPECTUS DATED AUGUST 31, 2004)
LEUCADIA NATIONAL CORPORATION
[LEUCADIA LOGO]
$350,000,000
3 3/4% CONVERTIBLE SENIOR SUBORDINATED NOTES DUE 2014
-------------------
This prospectus supplement updates the prospectus dated August 31, 2004,
which prospectus is included in our filing pursuant to Rule 424(b)(3) filed with
the Securities and Exchange Commission on August 31, 2004.
You should read this prospectus supplement together with the prospectus and
this prospectus supplement is qualified by reference to the prospectus, except
to the extent that the information in this prospectus supplement supersedes the
information contained in the prospectus. This prospectus supplement is not
complete without, and may not be delivered or utilized except in connection
with, the prospectus, including all amendments and supplements thereto. The
terms of the convertible debentures are set forth in the prospectus.
The prospectus relates to our $350,000,000 aggregate principal amount of
3 3/4% Convertible Senior Subordinated Notes due 2014, which we previously sold
in a private placement in reliance on an exemption from registration under the
Securities Act of 1933. The prospectus also relates to 5,079,830 common shares
issuable upon conversion of the notes held by selling securityholders, plus such
additional indeterminate number of shares as may become issuable upon conversion
of the notes by reason of adjustment to the conversion price in certain
circumstances.
-------------------
INVESTING IN THE NOTES OR OUR COMMON SHARES INVOLVES RISKS. SEE 'RISK FACTORS'
BEGINNING ON PAGE 5 OF THE PROSPECTUS.
-------------------
NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES
COMMISSION HAS APPROVED OR DISAPPROVED OF THESE SECURITIES OR PASSED UPON THE
ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A
CRIMINAL OFFENSE.
-------------------
THE DATE OF THIS PROSPECTUS SUPPLEMENT IS , 2004
The information appearing under the section entitled 'Selling Security
Holders' in the prospectus is amended and restated by the information appearing
below:
SELLING SECURITY HOLDERS
We originally sold the notes to Jefferies & Company, Inc. (which we refer to
as the initial purchaser in this prospectus) in a private placement in April
2004. The notes were immediately resold by the initial purchaser in transactions
exempt from registration under Rule 144A under the Securities Act. Selling
security holders, which term includes their transferees, pledgees, donees or
their successors, may from time to time offer and sell the notes and the common
shares into which the notes are convertible pursuant to this prospectus or any
applicable prospectus supplement.
The following table sets forth certain information concerning the principal
amount of notes beneficially owned and the number of common shares issuable upon
conversion of those notes that may be offered from time to time under this
prospectus by the selling holders named in the table. We prepared this table
based on the information supplied to us by the selling security holders named in
the table and we have not sought to verify such information. This table only
reflects information regarding selling security holders who have provided us
with such information. We expect that we will update this table as we receive
more information from holders of the notes who have not yet provided us with
their information. Any such updating will be effected through an amendment to
the registration statement of which this prospectus forms a part and not by
means of a prospectus supplement, unless otherwise permited by the SEC.
The number of common shares issuable upon conversion of the notes shown in
the table below assumes conversion of the full amount of notes held by each
selling security holder at an initial conversion rate of 14.5138 shares per
$1,000 principal amount of notes. This conversion rate is subject to adjustment
in certain events. Accordingly, the number of conversion shares may increase or
decrease from time to time. Because the selling security holders may offer all
or some portion of the notes or the common shares issuable upon conversion of
the notes pursuant to this prospectus, we have assumed for purposes of the table
below that the selling security holders will sell all of the notes and all of
the common shares offered by this prospectus pursuant to this prospectus. In
addition, the selling security holders identified below may have sold,
transferred or otherwise disposed of all or a portion of their notes in
transactions exempt form the registration requirements of the Securities Act
since the date on which they provided the information to us regarding their
holdings. As of September 30, 2004, we had $350,000,000 in principal amount of
the notes and 71,473,102 common shares outstanding.
Based on information provided by the selling security holders, none of the
selling security holders has held any position or office or has had any material
relationship with us within the past three years except as described below:
PRINCIPAL COMMON
AMOUNT SHARES
OF NOTES BENEFICIALLY CONVERSION
BENEFICIALLY PERCENTAGE OWNED COMMON
OWNED AND OF NOTES BEFORE THE SHARES
NAME OFFERED OUTSTANDING OFFERING(1) OFFERED(2)
---- ------- ----------- ----------- ----------
GLG Market Neutral Fund...................... $36,000,000 10.29% -- 522,496
UBS AG London -- f/b/o HFS................... 15,000,000 4.28% -- 217,707
CALAMOS Convertible Fund-CALAMOS'r'
Investment Trust........................... 14,000,000 4.00% -- 203,193
Whitebox Convertible Arbitrage Partners,
LP......................................... 13,000,000 3.71% -- 188,679
Sunrise Partners Limited Partnership......... 12,450,000 3.56% -- 180,696
The Northwestern Mutual Life Insurance
Company -- General Account(3).............. 9,200,000 2.63% -- 133,526
Nomura Securities International Inc.......... 9,000,000 2.57% 68,900 130,624
Franklin Convertible Securities Fund......... 7,500,000 2.14% -- 108,853
FrontPoint Convertible Arbitrage Fund,
L.P........................................ 7,500,000 2.14% -- 108,853
AG Offshore Convertibles, Ltd................ 7,490,000 2.14% -- 108,708
Aristeia International Limited............... 7,055,000 2.01% -- 102,394
Whitebox Diversified Convertible Arbitrage
Partners LP................................ 6,600,000 1.89% -- 95,791
(table continued on next page)
1
(table continued from previous page)
PRINCIPAL COMMON
AMOUNT SHARES
OF NOTES BENEFICIALLY CONVERSION
BENEFICIALLY PERCENTAGE OWNED COMMON
OWNED AND OF NOTES BEFORE THE SHARES
NAME OFFERED OUTSTANDING OFFERING(1) OFFERED(2)
---- ------- ----------- ----------- ----------
Sagamore Hill Hub Fund, Ltd.................. $ 6,500,000 1.86% -- 94,339
Lakeshore International, Ltd................. 6,000,000 1.71% -- 87,082
Nations Convertible Securities Fund.......... 5,975,000 1.71% -- 86,719
Beamtenversicherungskasse des Kantons
Zuerich.................................... 5,000,000 1.43% -- 72,569
Royal Bank of Canada......................... 5,000,000 1.43% 15,106 72,569
Tribeca Investments L.T.D.................... 5,000,000 1.43% -- 72,569
State of Oregon/SAIF Corporation............. 4,950,000 1.41% -- 71,843
Context Convertible Arbitrage Offshore,
Ltd........................................ 4,850,000 1.39% -- 70,391
Massachusetts Mutual Life Insurance
Company.................................... 4,800,000 1.37% -- 69,666
State of Oregon/Equity....................... 4,560,000 1.30% -- 66,182
Nuveen Preferred & Convertible Fund JQC...... 4,075,000 1.16% -- 59,143
Argent Classic Convertible Arbitrage
(Bermuda) Fund Ltd......................... 4,000,000 1.14% -- 58,055
Privilege Portfolio SICAV.................... 4,000,000 1.14% -- 58,055
Putnam Convertible Income-Growth Trust....... 4,000,000 1.14% -- 58,055
UBS O'Connor LLC f/b/o O'Connor Global
Convertible Arbitrage Master Ltd........... 4,000,000 1.14% -- 58,055
Mariner LDC.................................. 3,500,000 1.00% -- 50,798
Maystone Continuum Master Fund, Ltd.......... 3,500,000 1.00% -- 50,798
Boilermaker-Blacksmith Pension Trust......... 3,300,000 * -- 47,895
AG Domestic Convertibles, L.P................ 3,210,000 * -- 46,589
Nuveen Preferred & Convertible Income Fund
JPC........................................ 3,100,000 * -- 44,992
Argent LowLev Convertible Arbitrage Fund
Ltd........................................ 3,000,000 * -- 43,541
Global Bermuda Limited Partnership........... 3,000,000 * -- 43,541
Mill River Master Fund, L.P.................. 3,000,000 * -- 43,541
Deutsche Bank Securities Inc................. 2,968,000 * -- 43,076
The Dow Chemical Company Employees'
Retirement Plan............................ 2,600,000 * -- 37,735
Citigroup Global Markets Inc................. 2,555,000 * -- 37,082
MLQA Convertible Securities Arbitrage Ltd.... 2,500,000 * -- 36,284
Plexus Fund Ltd.............................. 2,500,000 * -- 36,284
C.M. Life Insurance Company.................. 2,200,000 * -- 31,930
Boilermakers Blacksmith Pension Trust........ 2,175,000 * -- 31,567
SPT.......................................... 2,100,000 * -- 30,478
Allstate Insurance Company................... 2,000,000 * 36,500 29,027
Coastal Convertibles Ltd..................... 2,000,000 * -- 29,027
NMIC Gartmore/CODA Convertible Portfolio..... 2,000,000 * -- 29,027
Bancroft Convertible Fund, Inc............... 2,000,000 * -- 29,027
Ellsworth Convertible Growth and Income Fund,
Inc........................................ 2,000,000 * -- 29,027
KDE Convertible Arbitrage Fund C.V........... 2,000,000 * -- 29,027
Peoples Benefit Life Insurance Company
TEAMSTERS.................................. 2,000,000 * -- 29,027
S.A.C. Capital Associates, LLC............... 2,000,000 * 2,600 29,027
St. Albans Partners Ltd...................... 2,000,000 * -- 29,027
Universal Investment Gesellschaft MBH, ref.
Aventis.................................... 1,900,000 * -- 27,576
Context Convertible Arbitrage Fund, L.P...... 1,825,000 * -- 26,487
Jefferies Umbrella Fund Global Convertible
Bonds...................................... 1,800,000 * -- 26,124
Jefferies & Company, Inc..................... 1,780,000 * 243,300(4) 25,834
Arkansas PERS................................ 1,775,000 * -- 25,761
Victus Capital, LP........................... 1,600,000 * -- 23,222
(table continued on next page)
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(table continued from previous page)
PRINCIPAL COMMON
AMOUNT SHARES
OF NOTES BENEFICIALLY CONVERSION
BENEFICIALLY PERCENTAGE OWNED COMMON
OWNED AND OF NOTES BEFORE THE SHARES
NAME OFFERED OUTSTANDING OFFERING(1) OFFERED(2)
---- ------- ----------- ----------- ----------
CooperNeff Convertible Strategies (Cayman)
Master Fund, LP............................ $ 1,552,000 * -- 22,525
Fore Convertible Master Fund, Ltd............ 1,545,000 * -- 22,423
Barnet Partners, Ltd......................... 1,500,000 * -- 21,770
DuckBill & Co................................ 1,500,000 * -- 21,770
BNP Paribas Equity Strategies, SNC........... 1,472,000 * 7,215 21,364
Aristeia Trading LLC......................... 1,445,000 * -- 20,972
Union Carbide Retirement Account............. 1,400,000 * -- 20,319
Delta Airlines Master Trust.................. 1,375,000 * -- 19,956
Guggenheim Portfolio XXXI, LLC............... 1,300,000 * -- 18,867
TQA Master Plus Fund, Ltd.................... 1,271,000 * -- 18,447
KBC Financial Products USA Inc............... 1,167,000 * -- 16,937
Lyxor/Context Fund LTD....................... 1,150,000 * -- 16,690
Delaware PERS................................ 1,025,000 * -- 14,876
Mellon HBV Master Convertible Arbitrage Fund
LP......................................... 1,020,000 * -- 14,804
Barclays Global Investors Ltd................ 1,000,000 * -- 14,513
CNH CA Master Account, L.P................... 1,000,000 * -- 14,513
DKR SoundShore Opportunity Holding Fund
Ltd........................................ 1,000,000 * -- 14,513
KDC Convertible Arb Master Fund C.V.......... 1,000,000 * -- 14,513
MassMutual Corporate Investors............... 1,000,000 * -- 14,513
Retail Clerks Pension Trust #2............... 1,000,000 * -- 14,513
Xavex Convertible Arbitrage 10 Fund.......... 1,000,000 * -- 14,513
CODA Capital Management, LLC................. 970,000 * -- 14,078
Dorinco Reinsurance Company.................. 950,000 * -- 13,788
Bernische Lehrerversicherungskasse........... 900,000 * -- 13,062
Silvercreek Limited Partnership.............. 840,000 * -- 12,191
Argent Classic Convertible Arbitrage Fund
L.P........................................ 810,000 * -- 11,756
Century National Ins. Co. Investment Grade... 750,000 * -- 10,885
Port Authority of Allegheny County Retirement
and Disability Allowance Plan for the
Employees Represented by Local 85 of the
Amalgamated Transit Union.................. 730,000 * -- 10,595
TQA Master Fund, Ltd......................... 726,000 * -- 10,537
Gartmore Convertible Fund.................... 700,000 * -- 10,159
Xavex -- Convertible Arbitrage 7 Fund c/o TQA
Investors, LLC............................. 680,000 * -- 9,869
Royal Bank of Canada (Norshield)............. 650,000 * -- 9,433
Mellon HBV Master Multi-Strategy Fund LP..... 640,000 * -- 9,288
WPG Convertible Arbitrage Overseas Master
Fund....................................... 580,000 * -- 8,418
Delta Airlines Master Trust.................. 550,000 * -- 7,982
Man Mac 1 Ltd.(5)............................ 530,000 * -- 7,692
Astrazeneca Holdings Pension................. 525,000 * -- 7,619
DLB High Yield Fund.......................... 500,000 * -- 7,256
MassMutual Participation Investors........... 500,000 * -- 7,256
Millenco, L.P................................ 500,000 * 43,000 7,256
Yield Strategies Fund I, L.P................. 500,000 * -- 7,256
Yield Strategies Fund II, L.P................ 500,000 * -- 7,256
Duke Endowment............................... 475,000 * -- 6,894
Silvercreek II Limited....................... 465,000 * -- 6,748
CODA-KHPE Convertible Portfolio.............. 450,000 * -- 6,531
Delta Pilots Disability and Survivorship
Trust...................................... 450,000 * -- 6,531
Alexian Brothers Medical Center.............. 425,000 * -- 6,168
(table continued on next page)
3
(table continued from previous page)
PRINCIPAL COMMON
AMOUNT SHARES
OF NOTES BENEFICIALLY CONVERSION
BENEFICIALLY PERCENTAGE OWNED COMMON
OWNED AND OF NOTES BEFORE THE SHARES
NAME OFFERED OUTSTANDING OFFERING(1) OFFERED(2)
---- ------- ----------- ----------- ----------
Louisiana Workers' Compensation
Corporation................................ $ 425,000 * -- 6,168
Singlehedge US Convertible Arbitrage Fund.... 412,000 * -- 5,979
Genesee County Employees' Retirement
System..................................... 400,000 * -- 5,805
NORCAL Mutual Insurance Company.............. 400,000 * -- 5,805
Univar USA Inc. Retirement Account........... 400,000 * -- 5,805
Vicis Capital Master Fund.................... 400,000 * -- 5,805
ICI American Holdings Trust.................. 385,000 * -- 5,587
Macomb County Employees' Retirement System... 360,000 * -- 5,224
US Bank FBO Benedictine Health Systems....... 350,000 * -- 5,079
National Bank of Canada...................... 350,000 * -- 5,079
American Fidelity Assurance Company.......... 320,000 * -- 4,644
Aventis Pension Master Trust................. 310,000 * -- 4,499
Syngenta AG.................................. 300,000 * -- 4,354
Sturgeon Limited............................. 300,000 * -- 4,354
The Northwestern Mutual Life Insurance
Company -- Group Annuity Separate
Account(6)................................. 300,000 * -- 4,354
Guggenheim Portfolio Company VIII (Cayman)
Ltd........................................ 270,000 * -- 3,918
Lyxor/Convertible Arbitrage Fund Limited..... 264,000 * -- 3,831
Gemini Sammlerstiftung zur Foerderung der
Personalvorsorge........................... 250,000 * -- 3,628
Sage Capital Management, LLC................. 250,000 * -- 3,628
Jackson County Employees' Retirement
System..................................... 235,000 * -- 3,410
Personalfuersorgestiftung der
Gebaeudeversicherung des Kantons Bern...... 230,000 * -- 3,338
C & H Sugar Company Inc...................... 220,000 * -- 3,193
Aloha Airlines Non-Pilots Pension Trust...... 200,000 * -- 2,902
Associated Electric & Gas Insurance Services
Limited.................................... 200,000 * -- 2,902
Hawaiian Airlines Pilots Retirement Plan..... 200,000 * -- 2,902
Louisiana CCRF............................... 200,000 * -- 2,902
Mint Master Fund Ltd......................... 200,000 * -- 2,902
R&C Alternative Assets-Conv Arb.............. 200,000 * -- 2,902
Newport Alternative Income Fund.............. 195,000 * -- 2,830
Argent Classic Convertible Arbitrage Fund II,
L.P........................................ 190,000 * -- 2,757
Personalvorsorge der PV Promea............... 190,000 * -- 2,757
Univest Convertible Arbitrage Fund II LTD
(Norshield)................................ 175,000 * -- 2,539
CEMEX Pension Plan........................... 160,000 * -- 2,322
Knoxville Utilities Board Retirement
System..................................... 160,000 * -- 2,322
Fore Plan Asset Fund, Ltd.................... 155,000 * -- 2,249
Prisma Foundation............................ 150,000 * -- 2,177
Univest Multistrategy-Conv Arb............... 150,000 * -- 2,177
Mellon HBV Master Leveraged Multi-Strategy
Fund LP.................................... 140,000 * -- 2,031
The Fondren Foundation....................... 140,000 * -- 2,031
Zurich Institutional Benchmarks Master Fund,
Ltd.
c/o TQA Investors, LLC..................... 140,000 * -- 2,031
Pensionkasse der EMS-Dottikon AG............. 120,000 * -- 1,741
Pensionkasse Vantico......................... 120,000 * -- 1,741
Froley Revy Investment Convertible Security
Fund....................................... 115,000 * -- 1,669
Kettering Medical Center Funded Depreciation
Account.................................... 110,000 * -- 1,596
(table continued on next page)
4
(table continued from previous page)
PRINCIPAL COMMON
AMOUNT SHARES
OF NOTES BENEFICIALLY CONVERSION
BENEFICIALLY PERCENTAGE OWNED COMMON
OWNED AND OF NOTES BEFORE THE SHARES
NAME OFFERED OUTSTANDING OFFERING(1) OFFERED(2)
---- ------- ----------- ----------- ----------
Aloha Pilots Retirement Trust................ $ 100,000 * -- 1,451
Prudential Insurance Co of America........... 100,000 * -- 1,451
LW Paxson CRUT Convertible Portfolio......... 100,000 * 1,451
Sphinx Fund c/o TQA Investors, LLC........... 100,000 * -- 1,451
Van Eck WW Absolute RTN Fund................. 100,000 * -- 1,451
LDG Limited.................................. 88,000 * -- 1,277
The Cockrell Foundation...................... 85,000 * -- 1,233
Pensionkasse der EMS-Chemie AG............... 80,000 * -- 1,161
Pensionkasse der Rockwell Automation AG...... 80,000 * -- 1,161
Pensionkasse Pluess-Staufer AG............... 70,000 * -- 1,015
Richard Mueller.............................. 70,000 * -- 1,015
WPG MSA Convertible Arbitrage Fund........... 70,000 * -- 1,015
Hawaiian Airlines Employees Pension
Plan-IAM................................... 65,000 * -- 943
Pensionkasse der Antalis AG.................. 60,000 * -- 870
Port Authority of Allegheny County
Consolidated Trust Fund.................... 60,000 * -- 870
James Mellor Trust........................... 50,000 * -- 725
OCLC Online Computer Library Center Inc...... 50,000 * -- 725
Convertible Securities Fund.................. 25,000 * -- 362
Lexington Vantage Fund c/o TQA Investors,
LLC........................................ 14,000 * -- 203
Hawaiian Airlines Pension Plan for Salaried
Employee's................................. 10,000 * -- 145
MSS Convertible Arbitrage I c/o TWA
Investors, LLC............................. 5,000 * -- 72
Additional Selling Security Holders that may
be identified in an amendment hereto....... 4,466,000 64,819
---------
* Less than one percent.
(1) Figures in this column do not include the common shares issuable upon
conversion of the notes listed in the column to the right.
(2) Figures in this column represent the number of common shares issuable
upon conversion of all of the notes owned by the security holders based
on the initial conversion rate of 14.5138 shares per $1,000 principal
amount of notes. This conversion rate is subject to adjustment as
described under 'Description of Notes -- Conversion.' Accordingly, the
number of our common shares to be sold may increase or decrease from time
to time. Fractional shares will not be issued upon conversion of the
notes. Cash will be paid instead of fractional shares, if any.
(3) Northwestern Investment Management Company, LLC, a wholly owned company
of the selling security holder, is the investment advisor for the selling
security holder with respect to the securities being registered for the
selling security holder. Northwestern Investment Management Company,
LLC may therefore be deemed to be an indirect beneficial owner with
shared voting power/investment power with respect to these securities.
Mason Street Advisors, LLC, a wholly owned subsidiary of the selling
security holder, is an investment advisor to the selling security
holder's affiliated entities, and therefore may be deemed to be the
indirect beneficial owner with shared voting power/investment power of
the common shares currently held by: (1) Mason Street Funds, Inc. (11,400
shares/Index 400 Stock Fund) and (2) Northwestern Mutual Series Fund, Inc.
(24,100 shares/Index 400 Stock Portfolio). These shares are not included
in the table.
(4) Includes 241,000 common shares issuable upon exercise of currently
exercisable warrants to purchase common shares.
(5) The selling security holder is controlled by Man-Diversified Fund II Ltd.
The manager shares of Man-Diversified Fund II Ltd. are owned 75% by
Albany Management Company Limited and 25% by Man Holdings Limited. The
registered shareholder of Albany Management Company Limited is Argonaut
Limited, a Bermuda company which is controlled by Michael Collins, a
resident of Bermuda. Man Holdings Limited is a subsidiary of Man Group
plc, which is a public company listed on the London Stock Exchange.
(6) Northwestern Investment Management Company, LLC, a wholly owned company
of the selling security holder, is the investment advisor for the selling
security holder for its Group Annuity Separate Account with respect to
these securities. Northwestern Investment Management Company, LLC
therefore may be deemed to be an indirect beneficial owner
with shared voting power/investment power with respect to
such securities.
5
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM 14. OTHER EXPENSES OF ISSUANCE AND DISTRIBUTION
The following table sets forth the costs and expenses payable by the
registrant in connection with the resales of the securities to be registered,
other than underwriting commissions. All amounts shown are estimates except the
SEC registration statement filing fee. The selling security holders will pay
none of the expenses listed below:
AMOUNT TO
BE PAID
---------
SEC registration statement filing fee....................... $ 44,345
Printing fees and expenses.................................. 20,000
Legal fees and expenses..................................... 70,000
Accounting fees and expenses................................ 50,000
Other....................................................... 15,655
--------
Total............................................... $200,000
--------
--------
ITEM 15. INDEMNIFICATION OF DIRECTORS AND OFFICERS.
The registrant is a New York corporation. Sections 722 through 725 of the
New York Business Corporation Law (the 'Business Corporation Law') provide that
a corporation may indemnify, with certain limitations and exceptions, a director
or officer as follows: (1) in a derivative action, against his reasonable
expenses, including attorneys' fees but excluding certain settlement costs,
actually and necessarily incurred by him in connection with the defense thereof,
or an appeal therein, if such director or officer acted, in good faith, for a
purpose which he reasonably believed to be in (or in the case of service for
another corporation, not opposed to) the best interests of the corporation; and
(2) in a civil or criminal non-derivative action or proceeding including a
derivative action by another corporation, partnership or other enterprise in
which any director or officer of the indemnifying corporation served in any
capacity at the indemnifying corporation's request, against judgments, fines,
settlement payments and reasonable expenses, including attorneys' fees, incurred
as a result thereof, or any appeal therein, if such director or officer acted in
good faith, for a purpose which he reasonably believed to be in (or, in the case
of service for any other corporation, not opposed to) the best interests of the
corporation and, in criminal actions and proceedings, in addition, had no
reasonable cause to believe that his conduct was unlawful. Such indemnification
is a matter of right where the director or officer has been successful on the
merits or otherwise, and otherwise may be granted upon corporate authorization
or court award as provided in the statute.
Section 721 of the Business Corporation Law provides that indemnification
arrangements can be established for directors and officers, by contrast, by-law,
charter provision, action of shareholders or board of directors, on terms other
than those specifically provided by Article 7 of the Business Corporation Law,
provided that no indemnification may be made to or on behalf of any director or
officer if a judgment or other final adjudication adverse to the director or
officer establishes that his acts were committed in bad faith or were the result
of active and deliberate dishonesty and were material to the cause of action so
adjudicated, or that he personally gained in fact a financial profit or other
advantage to which he was not legally entitled. Article V of the Company's
By-Laws provides for the indemnification, to the full extent authorized by law,
of any person made or threatened to be made a party in any civil or criminal
action or proceeding by reason of the fact that he, his testator or intestate is
or was a director or officer of the Company.
Section 726 of the Business Corporation Law provides that a corporation may
obtain insurance to indemnify itself and its directors and officers. The Company
maintains an insurance policy providing both directors and officers liability
coverage and corporate reimbursement coverage.
Article Sixth of the Company's Certificate of Incorporation contains a
charter provision eliminating or limiting director liability for monetary
damages arising from breaches of fiduciary duty, subject only to certain
limitations imposed by statute.
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ITEM 16. EXHIBITS.
(a)
EXHIBIT
NUMBER DESCRIPTION
------ -----------
4.1 -- Specimen Common Share certificate.*
4.2 -- Indenture, dated as of April 29, 2004 between Registrant and HSBC
Bank USA with respect to Registrant's 3 3/4% Convertible Senior
Subordinated Notes due 2014.*
4.3 -- Registration Rights Agreement, dated as of April 29, 2004, between
Registrant and Jefferies & Company, Inc., with respect to
Registrant's 3 3/4% Convertible Senior Subordinated Notes due 2014.*
4.4 -- Form of 3 3/4% Convertible Senior Subordinated Note
(included in Exhibit 4.2).
5.1 -- Opinion of Weil, Gotshal & Manges LLP.*
12.1 -- Computation of Ratio of Earnings to Fixed Charges.*
23.1 -- Consent of PricewaterhouseCoopers LLP, independent registered
public accountants of the Registrant.*
23.2 -- Consent of PricewaterhouseCoopers, independent auditors of Olympus
Re Holdings, Ltd.*
23.3 -- Consent of Ernst & Young LLP, independent auditors of Berkadia LLC.*
23.4 -- Consent of Ernst & Young LLP, independent registered public
accountants of WilTel Communications Group, Inc.*
23.5 -- Consent of Ernst & Young LLP, independent auditors of The FINOVA
Group Inc.*
23.6 -- Consent of KPMG LLP, independent registered public accountants of
Jefferies Partners Opportunity Fund II, LLC.*
23.7 -- Consent of BDO Seidman, LLP, independent registered public
accountants of EagleRock Capital Partners (QP), LP and EagleRock
Master Fund.*
23.8 -- Consent of Weil, Gotshal & Manges LLP (included in Exhibit 5.1).
24.1 -- Power of Attorney.*
25.1 -- Form T-1 statement of eligibility under the Trust Indenture Act of
1939 of HSBC Bank USA, as trustee.*
---------
* Previously filed.
ITEM 17. UNDERTAKINGS.
The undersigned registrant hereby undertakes:
1. To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement:
a. To include any prospectus required by Section 10(a)(3) of the
Securities Act of 1933;
b. To reflect in the prospectus any facts or events arising after the
effective date of the registration statement (or the most recent
post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in
the registration statement. Notwithstanding the foregoing, any increase
or decrease in volume of securities offered (if the total dollar value of
securities offered would not exceed that which was registered) and any
deviation from the low or high end of the estimated maximum offering
range may be reflected in the form of prospectus filed with the
Commission pursuant to Rule 424(b) if, in the aggregate, the changes in
volume and price represent no more than a 20 percent change in the
maximum aggregate offering price set forth in the 'Calculation of
Registration Fee' table in the effective registration statement;
c. To include any material information with respect to the plan of
distribution not previously disclosed in the registration statement or
any material change to such information in the registration statement;
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provided, however, that clauses (a) and (b) do not apply if the information
required to be included in a post-effective amendment by such clauses is
contained in periodic reports filed with or furnished to the Commission by the
registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange
Act of 1934 that are incorporated by reference in the registration statement;
2. That, for the purpose of determining any liability under the
Securities Act of 1933, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to
be the initial bona fide offering thereof.
3. To remove from registration by means of a post-effective amendment
any of the securities being registered which remain unsold at the
termination of the offering.
Each undersigned registrant hereby undertakes that, for purposes of
determining any liability under
the Securities Act of 1933, each filing of the registrant's annual report
pursuant to section 13(a) or section 15(d) of the Securities Exchange Act of
1934 that is incorporated by reference in the registration statement shall be
deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be
the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act
of 1933 may be permitted to directors, officers and controlling persons of each
registrant pursuant to the foregoing provisions or otherwise, each registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by each registrant of expenses incurred
or paid by a director, officer or controlling person of such registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, each registrant will, unless in the opinion of its counsel the
matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is
against public policy as expressed in the Act and will be governed by the final
adjudication of such issue.
The undersigned registrant hereby undertakes that:
1. For purposes of determining any liability under the Securities Act of
1933, the information omitted from the form of prospectus filed as part of
this registration statement in reliance on Rule 430A and contained in a form
of prospectus filed by the registrant pursuant to Rule 424(b)(1) or (4) or
497(h) under the Securities Act shall be deemed to be part of this
registration statement as of the time it was declared effective;
2. For purposes of determining any liability under the Securities Act of
1933, each post-effective amendment that contains a form of prospectus shall
be deemed to be a new registration statement relating to the securities
offered therein, and the offering of such securities at that time shall be
deemed to be the initial bona fide offering thereof;
The undersigned registrant hereby undertakes to file an application for the
purpose of determining the eligibility of the trustee to act under subsection
(a) of section 310 of the Trust Indenture Act ('Act') in accordance with the
rules and regulations prescribed by the Commission under section 305(b)(2) of
the Act.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant
has duly caused this Post-effective Amendment to the Registration Statement to
be signed on its behalf by the undersigned, thereunto duly authorized, in the
City of New York, State of New York, on the 1st day of October, 2004.
LEUCADIA NATIONAL CORPORATION
By: /S/ BARBARA L. LOWENTHAL
..................................
BARBARA L. LOWENTHAL
VICE PRESIDENT AND COMPTROLLER
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been duly signed below by the following persons on
behalf of Leucadia National Corporation and in the capacities and on the dates
indicated.
NAME TITLE DATE
---- ----- ----
* Chairman of the Board October 1, 2004
......................................... (Principal Executive Officer)
(IAN M. CUMMING)
* President and Director October 1, 2004
......................................... (Principal Executive Officer)
(JOSEPH S. STEINBERG)
* Vice President and Chief Financial October 1, 2004
......................................... Officer
(JOSEPH A. ORLANDO) (Principal Financial Officer)
BARBARA L. LOWENTHAL Vice President and Comptroller October 1, 2004
......................................... (Principal Accounting Officer)
(BARBARA L. LOWENTHAL)
* Director October 1, 2004
.........................................
(PAUL M. DOUGAN)
* Director October 1, 2004
.........................................
(LAWRENCE D. GLAUBINGER)
* Director October 1, 2004
.........................................
(ALAN J. HIRSCHFIELD)
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NAME TITLE DATE
---- ----- ----
* Director October 1, 2004
.........................................
(JAMES E. JORDAN)
* Director October 1, 2004
.........................................
(JEFFREY C. KEIL)
* Director October 1, 2004
.........................................
(JESSE CLYDE NICHOLS, III)
*By /s/ BARBARA L. LOWENTHAL
.......................................
ATTORNEY-IN-FACT
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
------ -----------
4.1 -- Specimen Common Share certificate.*
4.2 -- Indenture, dated as of April 29, 2004 between Registrant and
HSBC Bank USA with respect to Registrant's 3 3/4% Convertible
Senior Subordinated Notes due 2014.*
4.3 -- Registration Rights Agreement, dated as of April 29, 2004,
between Registrant and Jefferies & Company, Inc., with respect
to Registrant's 3 3/4% Convertible Senior Subordinated Notes
due 2014.*
4.4 -- Form of 3 3/4% Convertible Senior Subordinated Note (included in
Exhibit 4.2).
5.1 -- Opinion of Weil, Gotshal & Manges LLP.*
12.1 -- Computation of Ratio of Earnings to Fixed Charges.*
23.1 -- Consent of PricewaterhouseCoopers LLP, independent registered
public accountants of the Registrant.*
23.2 -- Consent of PricewaterhouseCoopers, independent auditors of
Olympus Re Holdings, Ltd.*
23.3 -- Consent of Ernst & Young LLP, independent auditors of Berkadia
LLC.*
23.4 -- Consent of Ernst & Young LLP, independent registered public
accountants of WilTel Communications Group, Inc.*
23.5 -- Consent of Ernst & Young LLP, independent auditors of The FINOVA
Group Inc.*
23.6 -- Consent of KPMG LLP, independent registered public accountants
of Jefferies Partners Opportunity Fund II, LLC.*
23.7 -- Consent of BDO Seidman, LLP, independent registered public
accountants of EagleRock Capital Partners (QP), LP and EagleRock
Master Fund.*
23.8 -- Consent of Weil, Gotshal & Manges LLP (included in Exhibit 5.1).
24.1 -- Power of Attorney.*
25.1 -- Form T-1 statement of eligibility under the Trust Indenture Act
of 1939 of HSBC Bank USA, as trustee.*
---------
* Previously filed.
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STATEMENT OF DIFFERENCES
The registered trademark symbol shall be expressed as................. 'r'