KEYCORP /NEW/ — Director's Dealing 2009

Jul 28, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2009-07-27

Reporting Person: CUTLER ALEXANDER M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-07-27	Phantom Shares	$5.55	A	12612	Acquired	2012-07-27	Common Shares (12612)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	2000	Direct

Footnotes

F1: Phantom Shares are awarded under Deferred Share Plan and payable one half in cash and one half in Common Shares.