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: Harris Paul N (EVP, Gen. Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-02	Common Shares	M	655	$37.47	Acquired	33042	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-02	Phantom Shares	$37.47	M	655	Disposed	2007-04-02	Common Shares (655)	Direct
2007-04-02	Phantom Shares	$37.47	F	308	Disposed	2007-04-02	Common Shares (308)	Direct
2007-03-30	Phantom Shares	$37.47	A	37	Acquired	2007-03-30	Common Shares (37)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	7687	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: Deferral into Deferred Savings Plan.