KEYCORP /NEW/ — Director's Dealing 2007

Jan 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2007-01-26

Reporting Person: WEEDEN JEFFREY B (SEVP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-26	Common Shares	M	52859	$24.71	Acquired	134446	Direct
2007-01-26	Common Shares	F	40429	$37.90	Disposed	94017	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-26	Option to Buy	$24.71	M	52859	Disposed	2012-09-30	Common Shares (52859)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	11613	Indirect

Footnotes

F1: As of September 30, 2006.

F2: Options vest in three annual installments.