KEYCORP /NEW/ — Director's Dealing 2011

May 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: KEYCORP /NEW/ (KEY)
CIK: 0000091576
Period of Report: 2011-05-15

Reporting Person: Hyle Charles S (SEVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-15	Common Shares	M	27122	—	Acquired	50634	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-15	Restricted Stock Units	$8.27	F	12735	Disposed	2011-05-15	Common Shares (12735)	Direct
2011-05-15	Restricted Stock Units	$	M	27122	Disposed	2011-05-15	Common Shares (27122)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Shares	12936	Indirect
Common Shares	5000	Indirect

Footnotes

F1: As of December 31, 2011.

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

F3: Restricted Stock Units remaining after taxes and distribution.