Would this work for you?
Code:
Option Explicit
Private Sub Form_Load()
Me.KeyPreview = True
End Sub
Private Sub Form_KeyDown(KeyCode As Integer, Shift As Integer)
Select Case KeyCode
Case vbKeyUp
Shape1.Move Shape1.Left, Shape1.Top - 120
Case vbKeyDown
Shape1.Move Shape1.Left, Shape1.Top + 120
Case vbKeyRight
Shape1.Move Shape1.Left + 120, Shape1.Top
Case vbKeyLeft
Shape1.Move Shape1.Left - 120, Shape1.Top
End Select
End Sub