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: 2006-11-01

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-11-01	31-Common Stock	S	1900	$55.89	Disposed	141222404	Direct
2006-11-01	32-Common Stock	S	1700	$55.88	Disposed	141220704	Direct
2006-11-01	33-Common Stock	S	2400	$55.87	Disposed	141218304	Direct
2006-11-01	34-Common Stock	S	2600	$55.86	Disposed	141215704	Direct
2006-11-01	35-Common Stock	S	800	$55.85	Disposed	141214904	Direct
2006-11-01	36-Common Stock	S	1500	$55.83	Disposed	141213404	Direct
2006-11-01	37-Common Stock	S	600	$55.82	Disposed	141212804	Direct
2006-11-01	38-Common Stock	S	600	$55.81	Disposed	141212204	Direct
2006-11-01	39-Common Stock	S	1200	$55.80	Disposed	141211004	Direct
2006-11-01	40-Common Stock	S	2800	$55.79	Disposed	141208204	Direct
2006-11-01	41-Common Stock	S	5400	$55.78	Disposed	141202804	Direct
2006-11-01	42-Common Stock	S	5800	$55.77	Disposed	141197004	Direct
2006-11-01	43-Common Stock	S	4700	$55.76	Disposed	141192304	Direct
2006-11-01	44-Common Stock	S	1000	$55.75	Disposed	141191304	Direct
2006-11-01	45-Common Stock	S	100	$55.74	Disposed	141191204	Direct
2006-11-01	46-Common Stock	S	800	$55.73	Disposed	141190404	Direct
2006-11-01	47-Common Stock	S	500	$55.72	Disposed	141189904	Direct
2006-11-01	48-Common Stock	S	600	$55.71	Disposed	141189304	Direct
2006-11-01	49-Common Stock	S	1100	$55.68	Disposed	141188204	Direct
2006-11-01	50-Common Stock	S	1800	$55.67	Disposed	141186404	Direct
2006-11-01	51-Common Stock	S	600	$55.66	Disposed	141185804	Direct