ELI LILLY & Co - Director's Dealing 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-09-09

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-09-09	31-Common Stock	S	1800	$61.67	Disposed	154798404	Direct
2003-09-09	32-Common Stock	S	1800	$61.66	Disposed	154796604	Direct
2003-09-09	33-Common Stock	S	3000	$61.65	Disposed	154793604	Direct
2003-09-09	34-Common Stock	S	800	$61.64	Disposed	154792804	Direct
2003-09-09	35-Common Stock	S	1800	$61.63	Disposed	154791004	Direct
2003-09-09	36-Common Stock	S	1600	$61.62	Disposed	154789404	Direct
2003-09-09	37-Common Stock	S	3400	$61.61	Disposed	154786004	Direct
2003-09-09	38-Common Stock	S	2600	$61.6	Disposed	154783404	Direct
2003-09-09	39-Common Stock	S	3600	$61.59	Disposed	154779804	Direct
2003-09-09	40-Common Stock	S	3200	$61.57	Disposed	154776604	Direct
2003-09-09	41-Common Stock	S	2000	$61.56	Disposed	154774604	Direct
2003-09-09	42-Common Stock	S	1600	$61.55	Disposed	154773004	Direct
2003-09-09	43-Common Stock	S	5000	$61.54	Disposed	154768004	Direct
2003-09-09	44-Common Stock	S	7100	$61.53	Disposed	154760904	Direct
2003-09-09	45-Common Stock	S	1000	$61.52	Disposed	154759904	Direct
2003-09-09	46-Common Stock	S	5600	$61.51	Disposed	154754304	Direct
2003-09-09	47-Common Stock	S	5000	$61.5	Disposed	154749304	Direct
2003-09-09	48-Common Stock	S	3400	$61.49	Disposed	154745904	Direct
2003-09-09	49-Common Stock	S	1000	$61.47	Disposed	154744904	Direct
2003-09-09	50-Common Stock	S	800	$61.45	Disposed	154744104	Direct
2003-09-09	51-Common Stock	S	10300	$61.44	Disposed	154733804	Direct
2003-09-09	52-Common Stock	S	1000	$61.42	Disposed	154732804	Direct
2003-09-09	53-Common Stock	S	2000	$61.41	Disposed	154730804	Direct