KEYCORP /NEW/ — Director's Dealing 2007

Feb 21, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2007-02-19

Reporting Person: MOONEY BETH E (Vice Chair)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-20	Phantom Shares	$39.75	A	15094	Acquired	2010-02-20	Common Shares (15094)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	17981	Direct

Footnotes

F1: Performance Shares payable in cash.