KEYCORP /NEW/ — Director's Dealing 2008

Mar 10, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2008-03-07

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-03-07	Restricted Stock Units	$0	A	1648	Acquired	2011-03-07	Common Shares (1648)	Direct
2008-03-07	Phantom Shares	$0	A	316	Acquired	2008-03-07	Common Shares (316)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	96979	Direct
Common Shares	681	Indirect

Footnotes

F1: As of December 31, 2007.

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

F3: Under Deferred Savings Plan, participant deferred portion of compensation and received corporate contribution set forth herein. Contribution is payable in Treasury Shares on date set forth in Election Agreement and vests pursuant to provisions in Plan.