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Director's Dealing 2007

Jan 3, 2007

30283_dirs_2007-01-03_dd4c2c33-ee5d-418f-ac31-f23f2ce9a911.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2006-12-31

Reporting Person: BUNN THOMAS W (Vice Chair)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-12-31	Phantom Shares	$0	A	24	Acquired	2006-12-31	Common Shares (24)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	88437	Direct
Common Shares	10509	Indirect

Footnotes

F1: As of September 30, 2006.

F2: Under deferred compensation plan, participant deferred portion of salary and received corporate contribution. Contribution is payable in treasury shares at time set forth in Participation Agreement. A portion of these shares do not vest until retirement.

F3: Conversion to common shares is on a one to one basis.