ELI LILLY & Co — Director's Dealing 2005

Jun 10, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-06-01

Reporting Person: Murphy Anthony John (Senior VP, Human Resources)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	15217	Direct
Common Stock	10966	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option 10/01 (right to buy)	$79.28	2011-10-04	Common Stock (5000)		Direct
Employee stock option 10/97 (right to buy)	$64.06	2007-10-19	Common Stock (8000)		Direct
Employee stock option 10/98 (right to buy)	$74.2813	2008-10-17	Common Stock (8000)		Direct
Employee stock option 10/99 (right to buy)	$66.375	2009-10-16	Common Stock (10000)		Direct
Employee stock option 2/01 (right to buy)	$73.98	2011-02-18	Common Stock (12000)		Direct
Employee stock option 2/02 (right to buy)	$75.92	2012-02-17	Common Stock (10000)		Direct
Employee stock option 2/03 (right to buy)	$57.85	2013-02-15	Common Stock (10250)		Direct
Employee stock option 2/04 (right to buy)	$73.11	2014-02-14	Common Stock (15000)		Direct
Employee stock option 2/05 (right to buy)	$55.65	2015-02-10	Common Stock (12426)		Direct
Employee stock option 4/03 (right to buy)	$63.67	2013-04-26	Common Stock (12500)		Direct

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.