ELI LILLY & Co — Director's Dealing 2004

Feb 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2004-02-17

Reporting Person: SANTINI GINO (President, US Operations)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-17	Employee stock option (right to buy)	$73.11	A	80000.00	Acquired	2014-02-14	Common Stock (80000.00)	Direct