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: 2007-04-02

Reporting Person: MEYER HENRY L III (Director, Chair and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-02	Common Shares	M	10892	$37.47	Acquired	272517	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-02	Phantom Shares	$37.47	M	10892	Disposed	2007-04-02	Common Shares (10892)	Direct
2007-04-02	Phantom Shares	$37.47	F	7871	Disposed	2007-04-02	Common Shares (7871)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	173328	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.