ELI LILLY & Co - Director's Dealing 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2005-05-17

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-17	31-Common Stock	S	5000	$59.11	Disposed	150489604	Direct
2005-05-17	32-Common Stock	S	3600	$59.10	Disposed	150486004	Direct
2005-05-17	33-Common Stock	S	3000	$59.09	Disposed	150483004	Direct
2005-05-17	34-Common Stock	S	5900	$59.08	Disposed	150477104	Direct
2005-05-17	35-Common Stock	S	6000	$59.07	Disposed	150471104	Direct
2005-05-17	36-Common Stock	S	5900	$59.06	Disposed	150465204	Direct
2005-05-17	37-Common Stock	S	2800	$59.05	Disposed	150462404	Direct
2005-05-17	38-Common Stock	S	3000	$59.04	Disposed	150459404	Direct
2005-05-17	39-Common Stock	S	3900	$59.03	Disposed	150455504	Direct
2005-05-17	40-Common Stock	S	3800	$59.02	Disposed	150451704	Direct
2005-05-17	41-Common Stock	S	1100	$59.01	Disposed	150450604	Direct
2005-05-17	42-Common Stock	S	4800	$59.00	Disposed	150445804	Direct
2005-05-17	43-Common Stock	S	2000	$58.98	Disposed	150443804	Direct
2005-05-17	44-Common Stock	S	3000	$58.97	Disposed	150440804	Direct
2005-05-17	45-Common Stock	S	2000	$58.96	Disposed	150438804	Direct
2005-05-17	46-Common Stock	S	1000	$58.93	Disposed	150437804	Direct
2005-05-17	47-Common Stock	S	1000	$58.92	Disposed	150436804	Direct
2005-05-17	48-Common Stock	S	1000	$58.91	Disposed	150435804	Direct