KEYCORP /NEW/ — Director's Dealing 2007

Apr 3, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2007-03-30

Reporting Person: BUNN THOMAS W (Vice Chair)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-02	Common Shares	M	9439	$37.47	Acquired	64821	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-02	Phantom Shares	$37.47	M	9439	Disposed	2007-04-02	Common Shares (9439)	Direct
2007-04-02	Phantom Shares	$37.47	F	7034	Disposed	2007-04-02	Common Shares (7034)	Direct
2007-03-30	Phantom Shares	$37.47	A	32	Acquired	2007-03-30	Common Shares (32)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	1813	Indirect

Footnotes

F1: As of December 31, 2006.

F2: Conversion to common shares is on a one to one basis.

F3: Shares remaining in Automatic Deferral Plan after distribution and tax withholding.

F4: Company match in connection with deferral into Deferred Savings Plan.