When I ride, and we stop, I put the key in my pocket. Otherwise, its stored safely where it won't fall out of the holder.
CONSUMER WARNING: Use of this Spyder may cause smiling, happiness, urge to ride, excessive wind in the face, desire to call in sick to work, or even extended vacations. Some riders have experienced double-takes, pointing, sudden camera flash, kids waving, and conversations with total strangers. Several instances of unplanned roadside visits with police officers have been reported, though are not common. If you experience any of these symptoms, contact your Spyder forum to discuss.