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: 2006-10-25

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-10-25	31-Common Stock	S	11100	$57.41	Disposed	141572204	Direct
2006-10-25	32-Common Stock	S	7200	$57.40	Disposed	141565004	Direct
2006-10-25	33-Common Stock	S	12200	$57.39	Disposed	141552804	Direct
2006-10-25	34-Common Stock	S	12500	$57.38	Disposed	141540304	Direct
2006-10-25	35-Common Stock	S	12200	$57.37	Disposed	141528104	Direct
2006-10-25	36-Common Stock	S	8900	$57.36	Disposed	141519204	Direct
2006-10-25	37-Common Stock	S	2800	$57.35	Disposed	141516404	Direct
2006-10-25	38-Common Stock	S	4100	$57.34	Disposed	141512304	Direct
2006-10-25	39-Common Stock	S	400	$57.33	Disposed	141511904	Direct
2006-10-25	40-Common Stock	S	2800	$57.32	Disposed	141509104	Direct
2006-10-25	41-Common Stock	S	1500	$57.30	Disposed	141507604	Direct
2006-10-25	42-Common Stock	S	1800	$57.29	Disposed	141505804	Direct