KEYCORP /NEW/ — Director's Dealing 2008

Sep 19, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2008-09-18

Reporting Person: STEVENS THOMAS G (Director, Vice Chair and CAO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-18	Restricted Stock Units	$0	A	37908	Acquired	2011-09-18	Common Shares (37908)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	106776	Direct
Common Shares	681	Indirect

Footnotes

F1: As of December 31, 2007.

F2: Conversion to common shares is on a one to one basis.