Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Harris Paul N
  2. Issuer Name and Ticker or Trading Symbol
KEYCORP /NEW/ [KEY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
General Counsel & Secretary
(Last)
(First)
(Middle)
C/O KEYCORP, 127 PUBLIC SQUARE
3. Date of Earliest Transaction (Month/Day/Year)
08/04/2017
(Street)

CLEVELAND, OH 44114
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 08/04/2017   I   21,151 D $ 18.4 0 I 401(k) Plan
Common Shares 08/04/2017   M   46,038 A $ 11.16 191,896 (1) D  
Common Shares 08/04/2017   M   48,531 A $ 5.55 240,427 D  
Common Shares 08/04/2017   M   38,262 A $ 8.42 278,689 D  
Common Shares 08/04/2017   M   15,056 A $ 9.26 293,745 D  
Common Shares 08/04/2017   M   40,236 A $ 7.98 333,981 D  
Common Shares 08/04/2017   M   16,901 A $ 9.33 350,882 D  
Common Shares 08/04/2017   S   205,024 D $ 18.56 (2) (3) 145,858 D  
Common Shares 08/07/2017   M   8,962 A $ 11.16 154,820 D  
Common Shares 08/07/2017   F   5,447 D $ 18.36 149,373 D  
Common Shares 08/07/2017   M   18,019 A $ 5.55 167,392 D  
Common Shares 08/07/2017   F   5,438 D $ 18.39 161,954 D  
Common Shares 08/07/2017   M   11,876 A $ 8.42 173,830 D  
Common Shares 08/07/2017   F   5,443 D $ 18.37 168,387 D  
Common Shares 08/07/2017   M   27,350 A $ 9.26 195,737 D  
Common Shares 08/07/2017   F   13,786 D $ 18.37 181,951 D  
Common Shares 08/07/2017   M   12,989 A $ 7.98 194,940 D  
Common Shares 08/07/2017   F   5,656 D $ 18.33 189,284 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option to Buy $ 11.16 08/04/2017   M     46,038   (4) 07/25/2018 Common Shares 46,038 $ 0 8,962 D  
Option to Buy $ 5.55 08/04/2017   M     48,531   (5) 07/27/2019 Common Shares 48,531 $ 0 18,019 D  
Option to Buy $ 8.42 08/04/2017   M     38,262   (6) 07/27/2020 Common Shares 38,262 $ 0 11,876 D  
Option to Buy $ 9.26 08/04/2017   M     15,056   (7) 03/04/2021 Common Shares 15,056 $ 0 27,350 D  
Option to Buy $ 7.98 08/04/2017   M     40,236   (8) 03/02/2022 Common Shares 40,236 $ 0 12,989 D  
Option to Buy $ 9.33 08/04/2017   M     16,901   (9) 03/01/2023 Common Shares 16,901 $ 0 0 D  
Option to Buy $ 11.16 08/07/2017   M     8,962   (4) 07/25/2018 Common Shares 8,962 $ 0 0 D  
Option to Buy $ 5.55 08/07/2017   M     18,019   (5) 07/27/2019 Common Shares 18,019 $ 0 0 D  
Option to Buy $ 8.42 08/07/2017   M     11,876   (6) 07/27/2020 Common Shares 11,876 $ 0 0 D  
Option to Buy $ 9.26 08/07/2017   M     27,350   (7) 03/04/2021 Common Shares 27,350 $ 0 0 D  
Option to Buy $ 7.98 08/07/2017   M     12,989   (8) 03/02/2022 Common Shares 12,989 $ 0 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Harris Paul N
C/O KEYCORP
127 PUBLIC SQUARE
CLEVELAND, OH 44114
      General Counsel & Secretary  

Signatures

 Carrie A. Benedict POA for Paul N. Harris   08/08/2017
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Includes approximately 21 common shares acquired through dividend reinvestment in March 2017.
(2) The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.55 to $18.57.
(3) The reporting person may provide to KeyCorp, any security holder of KeyCorp, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price.
(4) This option vested in three equal annual installments ending on July 25, 2011.
(5) This option vested in three equal annual installments ending on July 27, 2012.
(6) This option vested in three equal annual installments ending on July 27, 2013.
(7) This option vested in four equal annual installments ending on March 4, 2015.
(8) This option vested in four equal annual installments ending on March 2, 2016.
(9) This option vested in four equal annual installments ending on March 1, 2017.

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