<SEC-DOCUMENT>0000096223-18-000017.txt : 20180515
<SEC-HEADER>0000096223-18-000017.hdr.sgml : 20180515
<ACCEPTANCE-DATETIME>20180515144956
ACCESSION NUMBER:		0000096223-18-000017
CONFORMED SUBMISSION TYPE:	13F-HR
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180331
FILED AS OF DATE:		20180515
DATE AS OF CHANGE:		20180515
EFFECTIVENESS DATE:		20180515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LEUCADIA NATIONAL CORP
		CENTRAL INDEX KEY:			0000096223
		STANDARD INDUSTRIAL CLASSIFICATION:	MEAT PACKING PLANTS [2011]
		IRS NUMBER:				132615557
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		13F-HR
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	028-11122
		FILM NUMBER:		18835563

	BUSINESS ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2124601900

	MAIL ADDRESS:	
		STREET 1:		520 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TALCOTT NATIONAL CORP
		DATE OF NAME CHANGE:	19800603
</SEC-HEADER>
<DOCUMENT>
<TYPE>13F-HR
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
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    <submissionType>13F-HR</submissionType>
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        <overrideInternetFlag>false</overrideInternetFlag>
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      <filer>
        <credentials>
          <cik>0000096223</cik>
          <ccc>XXXXXXXX</ccc>
        </credentials>
      </filer>
      <periodOfReport>03-31-2018</periodOfReport>
    </filerInfo>
  </headerData>
  <formData>
    <coverPage>
      <reportCalendarOrQuarter>03-31-2018</reportCalendarOrQuarter>
      <filingManager>
        <name>LEUCADIA NATIONAL CORP</name>
        <address>
          <com:street1>520 MADISON AVENUE</com:street1>
          <com:city>NEW YORK</com:city>
          <com:stateOrCountry>NY</com:stateOrCountry>
          <com:zipCode>10022</com:zipCode>
        </address>
      </filingManager>
      <reportType>13F COMBINATION REPORT</reportType>
      <form13FFileNumber>028-11122</form13FFileNumber>
      <otherManagersInfo>
        <otherManager>
          <name>Jefferies Group LLC</name>
        </otherManager>
        <otherManager>
          <name>Folger Hill Asset Management LP</name>
        </otherManager>
      </otherManagersInfo>
      <provideInfoForInstruction5>Y</provideInfoForInstruction5>
      <additionalInformation>Folger Hill Asset Management LP ("Folger Hill") is an affiliate of Leucadia National Corporation ("Leucadia") and there are information barriers and procedures in place to ensure that investment discretion by Folger Hill is exercised independently from Leucadia.  As such, Folger Hill reports the Section 13(f) positions over which it exercises investment discretion on a separate Form 13F</additionalInformation>
    </coverPage>
    <signatureBlock>
      <name>John M. Dalton</name>
      <title>Vice President and Controller</title>
      <phone>212-460-1900</phone>
      <signature>/s/ John M. Dalton</signature>
      <city>New York</city>
      <stateOrCountry>NY</stateOrCountry>
      <signatureDate>05-15-2018</signatureDate>
    </signatureBlock>
    <summaryPage>
      <otherIncludedManagersCount>2</otherIncludedManagersCount>
      <tableEntryTotal>75</tableEntryTotal>
      <tableValueTotal>1412360</tableValueTotal>
      <isConfidentialOmitted>false</isConfidentialOmitted>
      <otherManagers2Info>
        <otherManager2>
          <sequenceNumber>1</sequenceNumber>
          <otherManager>
            <name>Leucadia Investment Management Limited</name>
          </otherManager>
        </otherManager2>
        <otherManager2>
          <sequenceNumber>2</sequenceNumber>
          <otherManager>
            <name>Leucadia Asset Management LLC</name>
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<DOCUMENT>
<TYPE>INFORMATION TABLE
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<FILENAME>leucadianationalcorporatio.xml
<DESCRIPTION>INFORMATION TABLE
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    <nameOfIssuer>ADT INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00090Q103</cusip>
    <value>991</value>
    <shrsOrPrnAmt>
      <sshPrnamt>125000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>125000</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  <infoTable>
    <nameOfIssuer>AETNA INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00817Y108</cusip>
    <value>26726</value>
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      <sshPrnamt>158141</sshPrnamt>
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    <nameOfIssuer>ALLIANCE DATA SYSTEMS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>018581108</cusip>
    <value>4577</value>
    <shrsOrPrnAmt>
      <sshPrnamt>21500</sshPrnamt>
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    <nameOfIssuer>ALTABA INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>021346101</cusip>
    <value>63311</value>
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      <sshPrnamt>855085</sshPrnamt>
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    <nameOfIssuer>APPLIED INDL TECHNOLOGIES IN</nameOfIssuer>
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    <cusip>03820C105</cusip>
    <value>1357</value>
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      <sshPrnamt>18610</sshPrnamt>
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      <None>0</None>
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  </infoTable>
  <infoTable>
    <nameOfIssuer>AQUA AMERICA INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>03836W103</cusip>
    <value>1305</value>
    <shrsOrPrnAmt>
      <sshPrnamt>38321</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>2</otherManager>
    <votingAuthority>
      <Sole>38321</Sole>
      <Shared>0</Shared>
      <None>0</None>
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  </infoTable>
  <infoTable>
    <nameOfIssuer>AV HOMES INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>00234P102</cusip>
    <value>200</value>
    <shrsOrPrnAmt>
      <sshPrnamt>10808</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>1</otherManager>
    <votingAuthority>
      <Sole>10808</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>AXALTA COATING SYS LTD</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G0750C108</cusip>
    <value>10645</value>
    <shrsOrPrnAmt>
      <sshPrnamt>352600</sshPrnamt>
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    <otherManager>1</otherManager>
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      <None>0</None>
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    <nameOfIssuer>BIOGEN INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09062X103</cusip>
    <value>1733</value>
    <shrsOrPrnAmt>
      <sshPrnamt>6331</sshPrnamt>
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    <nameOfIssuer>BIO TECHNE CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>09073M104</cusip>
    <value>1400</value>
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      <Sole>9270</Sole>
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    <nameOfIssuer>BUNGE LIMITED</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>G16962105</cusip>
    <value>3993</value>
    <shrsOrPrnAmt>
      <sshPrnamt>54000</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>DFND</investmentDiscretion>
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    <votingAuthority>
      <Sole>54000</Sole>
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      <None>0</None>
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    <nameOfIssuer>CABOT MICROELECTRONICS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>12709P103</cusip>
    <value>1377</value>
    <shrsOrPrnAmt>
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      <None>0</None>
    </votingAuthority>
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  <infoTable>
    <nameOfIssuer>CHARTER COMMUNICATIONS INC N</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>16119P108</cusip>
    <value>2405</value>
    <shrsOrPrnAmt>
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      <None>0</None>
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    <nameOfIssuer>CHEMED CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>16359R103</cusip>
    <value>1377</value>
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    <nameOfIssuer>COMCAST CORP NEW</nameOfIssuer>
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    <cusip>20030N101</cusip>
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    <nameOfIssuer>CONSOL ENERGY INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>20854L108</cusip>
    <value>3372</value>
    <shrsOrPrnAmt>
      <sshPrnamt>116381</sshPrnamt>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>CVR REFNG LP LP</nameOfIssuer>
    <titleOfClass>COMUNIT REP LT</titleOfClass>
    <cusip>12663P107</cusip>
    <value>731</value>
    <shrsOrPrnAmt>
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      <None>0</None>
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    <nameOfIssuer>DELL TECHNOLOGIES INC</nameOfIssuer>
    <titleOfClass>COM CL V</titleOfClass>
    <cusip>24703L103</cusip>
    <value>23882</value>
    <shrsOrPrnAmt>
      <sshPrnamt>326215</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
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      <Sole>326215</Sole>
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      <None>0</None>
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    <nameOfIssuer>DISCOVERY COMMUNICATNS NEW</nameOfIssuer>
    <titleOfClass>COM SER C</titleOfClass>
    <cusip>25470F302</cusip>
    <value>19146</value>
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      <Sole>980839</Sole>
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      <None>0</None>
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    <nameOfIssuer>DISH NETWORK CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>25470M109</cusip>
    <value>1663</value>
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      <Sole>43888</Sole>
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      <None>0</None>
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    <nameOfIssuer>DOMINION ENERGY INC</nameOfIssuer>
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    <value>7493</value>
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    <otherManager>1</otherManager>
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      <None>0</None>
    </votingAuthority>
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    <titleOfClass>COM</titleOfClass>
    <cusip>23355L106</cusip>
    <value>2011</value>
    <shrsOrPrnAmt>
      <sshPrnamt>20000</sshPrnamt>
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      <Sole>20000</Sole>
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    <nameOfIssuer>ENERSYS</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>29275Y102</cusip>
    <value>1304</value>
    <shrsOrPrnAmt>
      <sshPrnamt>18801</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>2</otherManager>
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      <Sole>18801</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>ENPRO INDS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>29355X107</cusip>
    <value>1399</value>
    <shrsOrPrnAmt>
      <sshPrnamt>18081</sshPrnamt>
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    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>2</otherManager>
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      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>ENSIGN GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <value>1290</value>
    <shrsOrPrnAmt>
      <sshPrnamt>49070</sshPrnamt>
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    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>2</otherManager>
    <votingAuthority>
      <Sole>49070</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>EXPRESS SCRIPTS HLDG CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>30219G108</cusip>
    <value>1675</value>
    <shrsOrPrnAmt>
      <sshPrnamt>24251</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>DFND</investmentDiscretion>
    <otherManager>2</otherManager>
    <votingAuthority>
      <Sole>24251</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
  <infoTable>
    <nameOfIssuer>FIESTA RESTAURANT GROUP INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>31660B101</cusip>
    <value>60506</value>
    <shrsOrPrnAmt>
      <sshPrnamt>3270578</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
    </shrsOrPrnAmt>
    <investmentDiscretion>SOLE</investmentDiscretion>
    <votingAuthority>
      <Sole>3270578</Sole>
      <Shared>0</Shared>
      <None>0</None>
    </votingAuthority>
  </infoTable>
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    <nameOfIssuer>FREEPORT-MCMORAN INC</nameOfIssuer>
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</SEC-DOCUMENT>
