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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. 8)
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)
MAY 19, 2003
(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)
NY2:\1277667\01\RD%R01!.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: 9,278,737*
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 120,312
OWNED BY
-------- ---------------------------------------------------- ----------------------------------
EACH 9 SOLE DISPOSITIVE POWER: 9,278,737*
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: 120,312
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 9,399,049*
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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): 15.7%*
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14 TYPE OF REPORTING PERSON: IN
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_______________________
* Includes 370,000 shares issuable on exercise of currently exercisable Common
Stock Purchase Warrants.
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: 9,208,489*
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: 46,400
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 9,208,489*
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: 9,254,889*
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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): 15.4%*
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14 TYPE OF REPORTING PERSON: IN
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* Includes 400,000 shares issuable on exercise of currently exercisable Common
Stock Purchase Warrants.
3
Item 1. Security and Issuer.
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This Statement constitutes Amendment No. 8 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 May 19, 2003, Ian M. Cumming and Joseph S. Steinberg
beneficially owned the following Common Shares:
Ian M. Cumming is the beneficial owner of 9,278,737 Common Shares
(including 370,000 Common Shares issuable upon the exercise of currently
exercisable warrants to purchase Common Shares). The 9,278,737 Common Shares
represent approximately 15.5% of the 59,631,742 Common Shares outstanding as of
May 19, 2003, together with 370,000 additional Common Shares issuable upon
exercise of the warrants which are deemed to be outstanding with respect to Mr.
Cumming. Mr. Cumming has sole dispositive power over such Common Shares. Mr.
Cumming may also be deemed to be the beneficial owner of an additional 120,312
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 102,959 Common Shares
(.2%) 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 9,208,489 Common
Shares (including 400,000 Common Shares issuable upon the exercise of currently
exercisable warrants to purchase Common Shares). The 9,208,489 Common Shares
represent approximately 15.4% of the 59,631,742 Common Shares outstanding as of
May 19, 2003, together with 400,000 additional Common Shares issuable upon
exercise of the warrants which are deemed to be outstanding with respect to Mr.
Steinberg. 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 minor daughter.
The foregoing does not include an aggregate of 28,000 Common Shares (less than
..1%) beneficially owned by a private charitable foundation, as to which Mr.
Steinberg and his wife are trustees and as to which Mr. Steinberg disclaims
beneficial ownership. Mr. Steinberg also disclaims beneficial ownership as to an
aggregate of an additional 1,107,646 Common Shares (approximately 1.9%)
beneficially owned by two trusts for the benefit of Mr. Steinberg's minor
children, of which Mr. Steinberg's brother is trustee.
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.
4
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 May 19, 2003, a Grantor Annuity Trust established by Mr.
Cumming terminated. Upon termination, the trust distributed an aggregate of
579,303 Common Shares to Mr. Cumming's two adult sons.
5
SIGNATURE
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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: June 10, 2003
By: /s/ Ian M. Cumming
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Ian M. Cumming
SIGNATURE
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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: June 10, 2003
By: /s/ Joseph S. Steinberg
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Joseph S. Steinberg