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: 2005-05-10

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-05-10	31-Common Stock	S	2300	$59.29	Disposed	150608204	Direct
2005-05-10	32-Common Stock	S	4700	$59.28	Disposed	150603504	Direct
2005-05-10	33-Common Stock	S	3000	$59.27	Disposed	150600504	Direct
2005-05-10	34-Common Stock	S	3300	$59.26	Disposed	150597204	Direct
2005-05-10	35-Common Stock	S	4100	$59.25	Disposed	150593104	Direct
2005-05-10	36-Common Stock	S	2100	$59.24	Disposed	150591004	Direct
2005-05-10	37-Common Stock	S	3300	$59.23	Disposed	150587704	Direct
2005-05-10	38-Common Stock	S	1100	$59.22	Disposed	150586604	Direct
2005-05-10	39-Common Stock	S	700	$59.21	Disposed	150585904	Direct
2005-05-10	40-Common Stock	S	3000	$59.20	Disposed	150582904	Direct
2005-05-10	41-Common Stock	S	3000	$59.19	Disposed	150579904	Direct
2005-05-10	42-Common Stock	S	2200	$59.18	Disposed	150577704	Direct
2005-05-10	43-Common Stock	S	2400	$59.17	Disposed	150575304	Direct
2005-05-10	44-Common Stock	S	700	$59.16	Disposed	150574604	Direct
2005-05-10	45-Common Stock	S	900	$59.15	Disposed	150573704	Direct
2005-05-10	46-Common Stock	S	2000	$59.14	Disposed	150571704	Direct
2005-05-10	47-Common Stock	S	6600	$59.13	Disposed	150565104	Direct
2005-05-10	48-Common Stock	S	2100	$59.12	Disposed	150563004	Direct
2005-05-10	49-Common Stock	S	200	$59.11	Disposed	150562804	Direct
2005-05-10	50-Common Stock	S	1000	$59.10	Disposed	150561804	Direct
2005-05-10	51-Common Stock	S	1000	$59.09	Disposed	150560804	Direct