Gary M. Crosby - May 10, 2021 Form 4 Insider Report for KEYCORP /NEW/ (KEY)

Role: Director
Signature: Carrie A. Benedict POA for Gary M. Crosby
Stock symbol: KEY
Transactions as of: May 10, 2021
Transactions value $: -$70,379
Form type: 4
Date filed: 5/12/2021, 04:49 PM

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	KEY	Common Shares	Options Exercise		+6.72K	+179.33%		10.5K	May 10, 2021	Direct	F1
transaction	KEY	Common Shares	Disposed to Issuer	-$70.4K	-3.36K	-32.1%	$20.94	7.11K	May 10, 2021	Direct
holding	KEY	Common Shares						536K	May 10, 2021	By Trust	F2
holding	KEY	Common Shares						641	May 10, 2021	401(k) Plan

Showing 1 to 4 of 4 entries

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	KEY	Deferred Shares	Options Exercise		-6.72K	-23.92%		21.4K	May 10, 2021	Common Shares	6.72K		Direct	F1, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each Deferred Share was the economic equivalent of one KeyCorp Common Share. On May 10, 2021, 3,361 of the Reporting Person's Deferred Shares were settled for cash, and the remaining 3,362 Deferred Shares were settled for an equal number of KeyCorp Common Shares.
F2	These shares are held in a living trust. The reporting person is trustee of the trust.
F3	Includes approximately 1,342 dividend-equivalent Deferred Shares accrued between June 2020 and March 2021.