KEYCORP /NEW/ — Director's Dealing 2009

Feb 9, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2009-02-07

Reporting Person: Hyle Charles S (SEVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-07	Common Shares	D	4941	—	Disposed	16459	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-07	Phantom Shares	$0	D	4941	Disposed	2009-02-07	Common Shares (4941)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	4704	Indirect

Footnotes

F1: As of December 31, 2008.

F2: Performance Shares that did not vest.