KEYCORP /NEW/ — Director's Dealing 2008

Jul 28, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2008-07-25

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-25	Option to Buy	$11.16	A	175000	Acquired	2018-07-25	Common Shares (175000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	106776	Direct
Common Shares	681	Indirect

Footnotes

F1: As of December 31, 2007.

F2: Options vest in three annual installments.