You don't need keyframes for this simple animation. Here is CSS you need:
.circle {
position: relative;
width: 300px;
height: 300px;
background-color: white;
border: 1px solid #000000;
border-radius: 150px;
overflow: hidden;
}
.filter {
position: absolute;
top: 50%;
left: 50%;
width: 0;
height: 0;
background-color: red;
border-radius: 0px;
-webkit-transition: all 1s;
-moz-transition: all 1s;
-o-transition: all 1s;
transition: all 1s;
}
.circle:hover .filter {
top: 0;
left: 0;
width: 100%;
height: 100%;
border-radius: 150px;
background-color: blue;
}
and HTML:
<div class="circle">
<div class="filter"></div>
</div>
Here is an example: http://jsbin.com/agekef/1/edit