KEYCORP /NEW/ — Director's Dealing 2008

Feb 19, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2008-02-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-15	Common Shares	F	2700	$24.00	Disposed	99865	Direct
2008-02-15	Common Shares	D	2886	—	Disposed	96979	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-15	Phantom Shares	$24.00	F	2624	Disposed	2008-02-15	Common Shares (2624)	Direct
2008-02-15	Phantom Shares	$24.00	D	2886	Disposed	2008-02-15	Common Shares (2886)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	681	Indirect

Footnotes

F1: As of December 31, 2007.

F2: Performance Shares payable in cash were paid and units were withheld for taxes.

F3: Performance Shares that did not vest.