X0202 4 2007-06-30 0 0001084580 JEFFERIES GROUP INC /DE/ JEF 0001275002 FRIEDMAN BRIAN P 1 1 0 0 Chairman, Executive Committee Common Stock 2007-06-30 4 A 0 108.4386 24.3602 A 3519536 D Common Stock 2007-06-30 4 A 0 8109.5121 27.0669 A 3527645 D Acquisition of deferred shares upon dividend reinvestments under the Jefferies Group, Inc. Deferred Compensation Plan in a transaction exempt under Rule 16b-3(d) under the Securities Exchange Act of 1934. Does not include 1,156 shares indirectly held by the Reporting Person by the Trustee of the Jefferies Group, Inc. Employees' Stock Ownership Plan for the benefit of the Reporting Person, and does not include 5,669 shares indirectly held by the Reporting Person by the Trustee under the Jefferies Group, Inc. Profit Sharing Plan for the benefit of the Reporting Person. Includes 1,040,000 shares that are to be issued to the Reporting Person pursuant to an agreement with Jefferies Group, Inc. to issue such amount of shares, subject to clawback based upon the size of a future private equity fund and subject to certain other conditions. Acquisition of restricted stock units as a result of dividend reinvestments under the Jefferies Group, Inc. 2003 Incentive Compensation Plan in a transaction exempt under Rule 16b-3(d) under the Securities Exchange Act of 1934. /s/ Roland T. Kelly, by power of attorney 2007-07-03