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: 2006-09-13

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-13	31-Common Stock	S	800	$55.17	Disposed	141719304	Direct
2006-09-13	32-Common Stock	S	2000	$55.16	Disposed	141717304	Direct
2006-09-13	33-Common Stock	S	4100	$55.15	Disposed	141713204	Direct
2006-09-13	34-Common Stock	S	3400	$55.14	Disposed	141709804	Direct
2006-09-13	35-Common Stock	S	1900	$55.13	Disposed	141707904	Direct
2006-09-13	36-Common Stock	S	1900	$55.11	Disposed	141706004	Direct
2006-09-13	37-Common Stock	S	2800	$55.10	Disposed	141703204	Direct
2006-09-13	38-Common Stock	S	2000	$55.09	Disposed	141701204	Direct
2006-09-13	39-Common Stock	S	3100	$55.08	Disposed	141698104	Direct
2006-09-13	40-Common Stock	S	2600	$55.06	Disposed	141695504	Direct
2006-09-13	41-Common Stock	S	800	$55.05	Disposed	141694704	Direct
2006-09-13	42-Common Stock	S	700	$55.04	Disposed	141694004	Direct
2006-09-13	43-Common Stock	S	2800	$55.03	Disposed	141691204	Direct
2006-09-13	44-Common Stock	S	3400	$55.02	Disposed	141687804	Direct
2006-09-13	45-Common Stock	S	1200	$55.01	Disposed	141686604	Direct
2006-09-13	46-Common Stock	S	3700	$55.00	Disposed	141682904	Direct
2006-09-13	47-Common Stock	S	4000	$54.99	Disposed	141678904	Direct
2006-09-13	48-Common Stock	S	2400	$54.98	Disposed	141676504	Direct
2006-09-13	49-Common Stock	S	2800	$54.97	Disposed	141673704	Direct
2006-09-13	50-Common Stock	S	2000	$54.96	Disposed	141671704	Direct
2006-09-13	51-Common Stock	S	2000	$54.95	Disposed	141669704	Direct
2006-09-13	52-Common Stock	S	2100	$54.94	Disposed	141667604	Direct
2006-09-13	53-Common Stock	S	800	$54.93	Disposed	141666804	Direct
2006-09-13	54-Common Stock	S	1000	$54.92	Disposed	141665804	Direct