<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2006-10-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000095301</issuerCik>
        <issuerName>SEQUA CORP /DE/</issuerName>
        <issuerTradingSymbol>SQAB</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001015725</rptOwnerCik>
            <rptOwnerName>ALEXANDER NORMAN E/</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>200 PARK AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10166</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Chairman</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Class B Common</value>
            </securityTitle>
            <transactionDate>
                <value>2006-10-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>5</transactionFormType>
                <transactionCode>J</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionTimeliness>
                <value>E</value>
            </transactionTimeliness>
            <transactionAmounts>
                <transactionShares>
                    <value>61806</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>198526</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class B Common</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1812633</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote 2</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These shares were transferred from a trust of which Mr. Alexander, his wife and his estate and/or issue are beneficiaries to Mr. Alexander and were, therefore, previously reported as indirectly owned.</footnote>
        <footnote id="F2">Indirect ownership by Fifty Broad Street, Inc. (167,878 shares), Forfed Corporation (1,379,843 shares), 42 New Street Inc. (45,000 shares) and YOUANDI Corp. (30,000 shares) and Courtey Corporation (68,524 shares), all of which are controlled by Mr. Alexander as well as 121,388 shares held by a trust of which Mr. Alexander, his wife and his estate and/or issue are beneficiaries.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/Diane C. Bunt, as attorney-in-fact for Norman E. Alexander</signatureName>
        <signatureDate>2006-10-17</signatureDate>
    </ownerSignature>
</ownershipDocument>
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X0202
4
2006-10-13
0
0000095301
SEQUA CORP /DE/
SQAB
0001015725
ALEXANDER NORMAN E/
200 PARK AVENUE
NEW YORK
NY
10166
1
1
1
0
Executive Chairman
Class B Common
2006-10-13
5
J
0
E
61806
0
A
198526
D
Class B Common
1812633
I
See footnote 2
These shares were transferred from a trust of which Mr. Alexander, his wife and his estate and/or issue are beneficiaries to Mr. Alexander and were, therefore, previously reported as indirectly owned.
Indirect ownership by Fifty Broad Street, Inc. (167,878 shares), Forfed Corporation (1,379,843 shares), 42 New Street Inc. (45,000 shares) and YOUANDI Corp. (30,000 shares) and Courtey Corporation (68,524 shares), all of which are controlled by Mr. Alexander as well as 121,388 shares held by a trust of which Mr. Alexander, his wife and his estate and/or issue are beneficiaries.
/s/Diane C. Bunt, as attorney-in-fact for Norman E. Alexander
2006-10-17