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: 2006-09-06

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-09-06	31-Common Stock	S	2100	$55.16	Disposed	141910104	Direct
2006-09-06	32-Common Stock	S	3400	$55.15	Disposed	141906704	Direct
2006-09-06	33-Common Stock	S	2100	$55.14	Disposed	141904604	Direct
2006-09-06	34-Common Stock	S	3300	$55.13	Disposed	141901304	Direct
2006-09-06	35-Common Stock	S	2300	$55.12	Disposed	141899004	Direct
2006-09-06	36-Common Stock	S	1400	$55.11	Disposed	141897604	Direct
2006-09-06	37-Common Stock	S	600	$55.10	Disposed	141897004	Direct
2006-09-06	38-Common Stock	S	1400	$55.09	Disposed	141895604	Direct
2006-09-06	39-Common Stock	S	2400	$55.07	Disposed	141893204	Direct
2006-09-06	40-Common Stock	S	600	$55.06	Disposed	141892604	Direct
2006-09-06	41-Common Stock	S	600	$55.04	Disposed	141892004	Direct
2006-09-06	42-Common Stock	S	1200	$55.02	Disposed	141890804	Direct