KEYCORP /NEW/ — Director's Dealing 2005

Jul 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2005-07-21

Reporting Person: HEISLER ROBERT B JR (EVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-07-21	common shares	M	10000	$17.125	Acquired	104789	Direct
2005-07-21	common shares	F	6559	$34.64	Disposed	98230	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-07-21	option to buy	$17.125	M	10000	Disposed	2006-01-17	common shares (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
common shares	1160	Indirect
common shares	69903	Indirect

Footnotes

F1: As of December 31, 2004.