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: 2006-08-24

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-24	31-Common Stock	S	11100	$55.18	Disposed	142465004	Direct
2006-08-24	32-Common Stock	S	5600	$55.17	Disposed	142459404	Direct
2006-08-24	33-Common Stock	S	10800	$55.16	Disposed	142448604	Direct
2006-08-24	34-Common Stock	S	5900	$55.15	Disposed	142442704	Direct
2006-08-24	35-Common Stock	S	9400	$55.14	Disposed	142433304	Direct
2006-08-24	36-Common Stock	S	6900	$55.13	Disposed	142426404	Direct
2006-08-24	37-Common Stock	S	5700	$55.12	Disposed	142420704	Direct
2006-08-24	38-Common Stock	S	9500	$55.11	Disposed	142411204	Direct
2006-08-24	39-Common Stock	S	4000	$55.10	Disposed	142407204	Direct
2006-08-24	40-Common Stock	S	4500	$55.09	Disposed	142402704	Direct
2006-08-24	41-Common Stock	S	3000	$55.08	Disposed	142399704	Direct
2006-08-24	42-Common Stock	S	1300	$55.07	Disposed	142398404	Direct
2006-08-24	43-Common Stock	S	1200	$55.05	Disposed	142397204	Direct
2006-08-24	44-Common Stock	S	600	$55.03	Disposed	142396604	Direct
2006-08-24	45-Common Stock	S	600	$55.02	Disposed	142396004	Direct
2006-08-24	46-Common Stock	S	600	$55.01	Disposed	142395404	Direct
2006-08-24	47-Common Stock	S	1600	$55.00	Disposed	142393804	Direct
2006-08-24	48-Common Stock	S	600	$54.99	Disposed	142393204	Direct
2006-08-24	49-Common Stock	S	1200	$54.97	Disposed	142392004	Direct
2006-08-24	50-Common Stock	S	1200	$54.95	Disposed	142390804	Direct