ELI LILLY & Co — Director's Dealing 2006

Nov 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-11-09

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-09	61-Common Stock	S	1800	$55.17	Disposed	140853704	Direct
2006-11-09	62-Common Stock	S	600	$55.16	Disposed	140853104	Direct
2006-11-09	63-Common Stock	S	500	$55.14	Disposed	140852604	Direct
2006-11-09	64-Common Stock	S	600	$55.13	Disposed	140852004	Direct
2006-11-09	65-Common Stock	S	1500	$55.11	Disposed	140850504	Direct
2006-11-09	66-Common Stock	S	600	$55.10	Disposed	140849904	Direct
2006-11-09	67-Common Stock	S	2300	$55.09	Disposed	140847604	Direct
2006-11-09	68-Common Stock	S	1000	$55.08	Disposed	140846604	Direct
2006-11-09	69-Common Stock	S	600	$55.06	Disposed	140846004	Direct
2006-11-09	70-Common Stock	S	600	$55.05	Disposed	140845404	Direct
2006-11-09	71-Common Stock	S	600	$55.01	Disposed	140844804	Direct
2006-11-09	72-Common Stock	S	2200	$54.99	Disposed	140842604	Direct
2006-11-09	73-Common Stock	S	1600	$54.97	Disposed	140841004	Direct
2006-11-09	74-Common Stock	S	2300	$54.96	Disposed	140838704	Direct
2006-11-09	75-Common Stock	S	1300	$54.95	Disposed	140837404	Direct
2006-11-09	76-Common Stock	S	1300	$54.91	Disposed	140836104	Direct
2006-11-09	77-Common Stock	S	1700	$54.89	Disposed	140834404	Direct
2006-11-09	78-Common Stock	S	600	$54.83	Disposed	140833804	Direct
2006-11-09	79-Common Stock	S	600	$54.82	Disposed	140833204	Direct
2006-11-09	80-Common Stock	S	1800	$54.81	Disposed	140831404	Direct
2006-11-09	81-Common Stock	S	1300	$54.77	Disposed	140830104	Direct
2006-11-09	82-Common Stock	S	600	$54.76	Disposed	140829504	Direct
2006-11-09	83-Common Stock	S	600	$54.75	Disposed	140828904	Direct
2006-11-09	84-Common Stock	S	600	$54.73	Disposed	140828304	Direct
2006-11-09	85-Common Stock	S	1100	$54.71	Disposed	140827204	Direct
2006-11-09	86-Common Stock	S	600	$54.70	Disposed	140826604	Direct
2006-11-09	87-Common Stock	S	300	$54.69	Disposed	140826304	Direct
2006-11-09	88-Common Stock	S	500	$54.67	Disposed	140825804	Direct