ELI LILLY & Co — Director's Dealing 2003

Jul 10, 2003

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2003-07-01

Reporting Person: PAUL STEVEN M (EVP, Science and Technology)

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.

F2: The option vests in two equal annual installments: 50% on 10/04/2002 and 50% on 10/03/2003

F3: The option vests as follows: 25% on 12/19/2005, 25% on 12/18/2008, and 50% on 11/02/2009