X0202 4 2007-12-03 0 0000095301 SEQUA CORP /DE/ SQAA 0001336064 Costello Donna SEQUA CORPORATION 200 PARK AVENUE NEW YORK NY 10166 0 1 0 0 Vice President & Controller Employee stock option (right to buy) 41.7 2007-12-03 4 D 0 1000 133.3 D 2008-09-25 Class A Common 1000 0 D The option, which provided vesting in 3 equal annual installments beginning 09/25/2004, was cancelled pursuant to Agreement and Plan of Merger, dated as of July 8, 2007, by and among Blue Jay Acquisition Corporation, Blue Jay Merger Corporation and Sequa Corporation (the "Merger Agreement") in exchange for a cash payment representing the difference between the exercise price of the option and the exchange price of the stock under the Merger Agreement of $175 per share. /s/Donna Costello 2007-12-04