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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. 1)
INTERNATIONAL ASSETS HOLDING CORPORATION
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(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
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(Title of class of securities)
459028 10 6
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(CUSIP number)
JOSEPH A. ORLANDO
VICE PRESIDENT AND CHIEF FINANCIAL OFFICER
LEUCADIA NATIONAL CORPORATION
315 PARK AVENUE SOUTH
NEW YORK, NEW YORK 10010
WITH A COPY TO:
ANDREA A. BERNSTEIN, ESQ.
WEIL, GOTSHAL & MANGES LLP
767 FIFTH AVENUE
NEW YORK, NEW YORK 10153
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(Name, address and telephone number of person
authorized to receive notices and communications)
JUNE 14, 2004
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(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.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purposes of Section 18 of the Securities Exchange Act of
1934 (the "Exchange Act") or otherwise subject to the liabilities of that
section of the Exchange Act but shall be subject to all other provisions of the
Exchange Act.
(Continued on following pages)
(Page 1 of 4 pages)
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NY2:\1411994\01\%9$201!.DOC\76830.0001
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CUSIP No. 459028 10 6 13D
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1 NAME OF REPORTING PERSON: Leucadia National Corporation
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) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS: WC
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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: New York
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NUMBER OF 7 SOLE VOTING POWER: 1,046,665*
SHARES
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BENEFICIALLY 8 SHARED VOTING POWER: -0-
OWNED BY
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EACH 9 SOLE DISPOSITIVE POWER: 1,046,665*
REPORTING
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PERSON WITH 10 SHARED DISPOSITIVE POWER: -0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY REPORTING PERSON: 1,046,665*
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES: [_]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11): 18.6%**
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14 TYPE OF REPORTING PERSON: CO
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* Includes 869,565 shares acquirable upon conversion of 7% Convertible
Subordinated Notes due 2014 owned by the Reporting Person.
** Assuming conversion of all 7% Convertible Subordinated Notes due 2014 owned
by the Reporting Person.
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Item 1. Security and Issuer.
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This Statement constitutes Amendment No. 1 to the Statement on
Schedule 13D (the "Schedule 13D") filed by Leucadia National Corporation
("Leucadia") relating to the common stock, $0.01 par value per share (the
"Common Stock"), of International Assets Holding Corporation., a Delaware
corporation (the "Issuer"). The address of the principal executive office of the
Issuer is 220 East Central Parkway, Suite 2060, Altamonte Springs, Florida
32701. Unless otherwise indicated, all capitalized terms used herein have the
meaning ascribed to them in the Schedule 13D.
Item 3. Source and Amount of Funds or Other Consideration.
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On June 14, 2004, Leucadia purchased in a private transaction 177,100
shares of Common Stock at a purchase price of $7.71 per share. Leucadia acquired
the shares of Common Stock using its working capital.
Item 5. Interest in Securities of the Issuer.
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(a) As of June 14, 2004, Leucadia beneficially owned 1,046,665 shares
of Common Stock (including 869,565 shares acquirable upon conversion of
$5,000,000 aggregate principal amount of Notes owned by Leucadia), representing
approximately 18.6% of the outstanding shares of Common Stock that would be
outstanding based on the 4,800,637 shares of Common Stock outstanding as of May
12, 2004, as reported by the Issuer in its Quarterly Report on Form 10-QSB for
the period ended March 31, 2004 and assuming the conversion of all Notes owned
by Leucadia and assuming no other Notes are converted.
By virtue of their ownership of Leucadia common shares and their
positions as Chairman of the Board, and President and a director, respectively,
of Leucadia, for purposes of this Schedule 13D, Mr. Cumming and Mr. Steinberg
may be deemed to share voting and dispositive powers with respect to the shares
of Common Stock beneficially owned by Leucadia and therefore may be deemed to be
beneficial owners of all of the shares of Common Stock beneficially owned by
Leucadia.
Except as set forth in this Item 5(a), to the best knowledge of
Leucadia, none of the other persons identified pursuant to Item 2 of the
Schedule 13D beneficially owns any shares of Common Stock.
(b) Item 5(a) is incorporated herein by reference.
(c) Except as otherwise described herein, none of the persons
identified pursuant to Item 2 of the Schedule 13D has effected any transactions
in Common Stock during the past sixty days.
(d) Not applicable.
(e) Not applicable.
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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 15, 2004
LEUCADIA NATIONAL CORPORATION
By: /s/ Thomas E. Mara
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Name: Thomas E. Mara
Title: Executive Vice President
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