ELI LILLY & Co - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-11-29

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-29	31-Common Stock	S	1900	$54.02	Disposed	140635504	Direct
2006-11-29	32-Common Stock	S	1500	$54.01	Disposed	140634004	Direct
2006-11-29	33-Common Stock	S	700	$54.00	Disposed	140633304	Direct
2006-11-29	34-Common Stock	S	2900	$53.99	Disposed	140630404	Direct
2006-11-29	35-Common Stock	S	3300	$53.98	Disposed	140627104	Direct
2006-11-29	36-Common Stock	S	3600	$53.97	Disposed	140623504	Direct
2006-11-29	37-Common Stock	S	1700	$53.96	Disposed	140621804	Direct
2006-11-29	38-Common Stock	S	100	$53.95	Disposed	140621704	Direct
2006-11-29	39-Common Stock	S	2200	$53.94	Disposed	140619504	Direct
2006-11-29	40-Common Stock	S	2200	$53.93	Disposed	140617304	Direct
2006-11-29	41-Common Stock	S	1500	$53.92	Disposed	140615804	Direct
2006-11-29	42-Common Stock	S	3200	$53.91	Disposed	140612604	Direct
2006-11-29	43-Common Stock	S	2200	$53.90	Disposed	140610404	Direct
2006-11-29	44-Common Stock	S	2500	$53.89	Disposed	140607904	Direct
2006-11-29	45-Common Stock	S	800	$53.88	Disposed	140607104	Direct
2006-11-29	46-Common Stock	S	600	$53.87	Disposed	140606504	Direct
2006-11-29	47-Common Stock	S	900	$53.86	Disposed	140605604	Direct
2006-11-29	48-Common Stock	S	800	$53.85	Disposed	140604804	Direct
2006-11-29	49-Common Stock	S	300	$53.84	Disposed	140604504	Direct
2006-11-29	50-Common Stock	S	900	$53.83	Disposed	140603604	Direct
2006-11-29	51-Common Stock	S	700	$53.79	Disposed	140602904	Direct
2006-11-29	52-Common Stock	S	700	$53.78	Disposed	140602204	Direct
2006-11-29	53-Common Stock	S	700	$53.77	Disposed	140601504	Direct
2006-11-29	54-Common Stock	S	700	$53.76	Disposed	140600804	Direct