KEYCORP /NEW/ — Director's Dealing 2008

Oct 1, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2008-09-30

Reporting Person: BUNN THOMAS W (Vice Chair)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-30	Phantom Shares	$0	A	632	Acquired	2008-09-30	Common Shares (632)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	103783	Direct
Common Shares	2284	Indirect

Footnotes

F1: As of December 31, 2007.

F2: Company match in connection with deferral into Deferred Savings Plan.

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