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: 2006-11-02

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-02	31-Common Stock	S	5600	$56.33	Disposed	141072504	Direct
2006-11-02	32-Common Stock	S	6600	$56.32	Disposed	141065904	Direct
2006-11-02	33-Common Stock	S	4000	$56.31	Disposed	141061904	Direct
2006-11-02	34-Common Stock	S	700	$56.30	Disposed	141061204	Direct
2006-11-02	35-Common Stock	S	200	$56.28	Disposed	141061004	Direct
2006-11-02	36-Common Stock	S	100	$56.27	Disposed	141060904	Direct
2006-11-02	37-Common Stock	S	300	$56.26	Disposed	141060604	Direct
2006-11-02	38-Common Stock	S	700	$56.25	Disposed	141059904	Direct
2006-11-02	39-Common Stock	S	800	$56.24	Disposed	141059104	Direct
2006-11-02	40-Common Stock	S	800	$56.23	Disposed	141058304	Direct
2006-11-02	41-Common Stock	S	900	$56.21	Disposed	141057404	Direct
2006-11-02	42-Common Stock	S	900	$56.20	Disposed	141056504	Direct
2006-11-02	43-Common Stock	S	700	$56.19	Disposed	141055804	Direct
2006-11-02	44-Common Stock	S	600	$56.18	Disposed	141055204	Direct
2006-11-02	45-Common Stock	S	2400	$56.17	Disposed	141052804	Direct
2006-11-02	46-Common Stock	S	1300	$56.16	Disposed	141051504	Direct
2006-11-02	47-Common Stock	S	900	$56.15	Disposed	141050604	Direct
2006-11-02	48-Common Stock	S	1400	$56.14	Disposed	141049204	Direct
2006-11-02	49-Common Stock	S	1200	$56.13	Disposed	141048004	Direct
2006-11-02	50-Common Stock	S	900	$56.12	Disposed	141047104	Direct
2006-11-02	51-Common Stock	S	300	$56.08	Disposed	141046804	Direct
2006-11-02	52-Common Stock	S	300	$56.06	Disposed	141046504	Direct
2006-11-02	53-Common Stock	S	400	$56.05	Disposed	141046104	Direct
2006-11-02	54-Common Stock	S	300	$56.04	Disposed	141045804	Direct