diff -urN a/libxfce4ui-4.8.1/libxfce4kbd-private/xfce-shortcuts-grabber.c b/libxfce4ui-4.8.1/libxfce4kbd-private/xfce-shortcuts-grabber.c
--- a/libxfce4ui-4.8.1/libxfce4kbd-private/xfce-shortcuts-grabber.c	2011-12-23 08:12:53.000000000 -0800
+++ b/libxfce4ui-4.8.1/libxfce4kbd-private/xfce-shortcuts-grabber.c	2012-09-11 16:21:40.353493747 -0700
@@ -560,6 +560,9 @@
 {
   gchar   *name;
   gboolean result = FALSE;
+  guint keycode;
+  guint modifiers;
+  gchar *shortcut2;
 
   g_return_val_if_fail (context != NULL, TRUE);
   g_return_val_if_fail (context->xevent != NULL, TRUE);
@@ -569,13 +572,16 @@
   name = xfce_shortcuts_grabber_shortcut_name (context->grabber, context->xevent->keycode,
                                                context->xevent->state);
 
-  if (G_UNLIKELY (g_str_equal (shortcut, name)))
+  xfce_shortcuts_grabber_parse_shortcut (context->grabber, shortcut, &keycode, &modifiers);
+  shortcut2 = xfce_shortcuts_grabber_shortcut_name (context->grabber, keycode, modifiers);
+  if (G_UNLIKELY (g_str_equal (shortcut2, name)))
     {
       context->result = shortcut;
       result = TRUE;
     }
 
   g_free (name);
+  g_free (shortcut2);
 
   gdk_flush ();
   gdk_error_trap_pop ();