Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Gavrity Kenneth C

2. Date of Event Requiring Statement (MM/DD/YYYY) 5/17/2021

3. Issuer Name and Ticker or Trading Symbol

KEYCORP /NEW/ [KEY]

(Last) (First) (Middle)

127 PUBLIC SQUARE

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director _____ 10% Owner
___X___ Officer (give title below) _____ Other (specify below)
Head of Enterprise Payments /

(Street)

CLEVELAND, OH 44114

(City) (State) (Zip)

5. If Amendment, Date Original Filed(MM/DD/YYYY)

6. Individual or Joint/Group Filing(Check Applicable Line)

_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares	37301	D

*Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)*
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Option to Buy	2/17/2015 ⁽¹⁾	2/17/2024	Common Shares	2376.0	$12.92	D
Option to Buy	2/17/2016 ⁽¹⁾	2/16/2025	Common Shares	3464.0	$14.11	D
Option to Buy	2/17/2017 ⁽¹⁾	2/15/2026	Common Shares	10981.0	$10.49	D
Option to Buy	2/17/2018 ⁽¹⁾	2/20/2027	Common Shares	7608.0	$18.96	D
Option to Buy	2/17/2021 ⁽²⁾	2/17/2030	Common Shares	15527.0	$19.73	D
Option to Buy	2/17/2022 ⁽²⁾	2/15/2031	Common Shares	20710.0	$20.98	D
Restricted Stock Units	⁽³⁾	⁽³⁾	Common Shares	3462.0	⁽⁴⁾	D
Restricted Stock Units	⁽⁵⁾	⁽⁵⁾	Common Shares	9488.0	⁽⁴⁾	D
Restricted Stock Units	⁽⁶⁾	⁽⁶⁾	Common Shares	8099.0	⁽⁴⁾	D
Restricted Stock Units	⁽⁷⁾	⁽⁷⁾	Common Shares	11110.0	⁽⁴⁾	D
Restricted Stock Units	2/15/2024	2/15/2024	Common Shares	52903.0	⁽⁴⁾	D

Explanation of Responses:
(1)	Vested in four equal annual installments, beginning on the date shown. These options have fully vested.
(2)	Vests in four equal annual installments, beginning on the date shown.
(3)	These restricted stock units vest in four equal annual installments. The first installment vested on February 17, 2019.
(4)	Each restricted stock unit represents the right to receive one KeyCorp common share at vesting.
(5)	These restricted stock units vest in four equal annual installments. The first installment vested on February 17, 2020.
(6)	These restricted stock units vest in four equal annual installments. The first installment vested on February 17, 2021.
(7)	These restricted stock units vest in four equal annual installments. The first installment will vest on February 17, 2022.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Gavrity Kenneth C 127 PUBLIC SQUARE CLEVELAND, OH 44114			Head of Enterprise Payments