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: 2006-09-08

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-08	31-Common Stock	S	1400	$55.10	Disposed	141825004	Direct
2006-09-08	32-Common Stock	S	1400	$55.09	Disposed	141823604	Direct
2006-09-08	33-Common Stock	S	2000	$55.08	Disposed	141821604	Direct
2006-09-08	34-Common Stock	S	3400	$55.07	Disposed	141818204	Direct
2006-09-08	35-Common Stock	S	2100	$55.06	Disposed	141816104	Direct
2006-09-08	36-Common Stock	S	5900	$55.05	Disposed	141810204	Direct
2006-09-08	37-Common Stock	S	1900	$55.04	Disposed	141808304	Direct
2006-09-08	38-Common Stock	S	4400	$55.03	Disposed	141803904	Direct
2006-09-08	39-Common Stock	S	700	$55.02	Disposed	141803204	Direct
2006-09-08	40-Common Stock	S	1000	$55.01	Disposed	141802204	Direct
2006-09-08	41-Common Stock	S	2200	$55.00	Disposed	141800004	Direct
2006-09-08	42-Common Stock	S	1200	$54.99	Disposed	141798804	Direct
2006-09-08	43-Common Stock	S	400	$54.98	Disposed	141798404	Direct
2006-09-08	44-Common Stock	S	700	$54.97	Disposed	141797704	Direct
2006-09-08	45-Common Stock	S	1300	$54.96	Disposed	141796404	Direct
2006-09-08	46-Common Stock	S	700	$54.95	Disposed	141795704	Direct
2006-09-08	47-Common Stock	S	2100	$54.94	Disposed	141793604	Direct
2006-09-08	48-Common Stock	S	2100	$54.92	Disposed	141791504	Direct
2006-09-08	49-Common Stock	S	700	$54.90	Disposed	141790804	Direct