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: 2006-08-22

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-22	31-Common Stock	S	4600	$54.66	Disposed	142759204	Direct
2006-08-22	32-Common Stock	S	7200	$54.65	Disposed	142752004	Direct
2006-08-22	33-Common Stock	S	2900	$54.64	Disposed	142749104	Direct
2006-08-22	34-Common Stock	S	10100	$54.63	Disposed	142739004	Direct
2006-08-22	35-Common Stock	S	5600	$54.62	Disposed	142733404	Direct
2006-08-22	36-Common Stock	S	3500	$54.61	Disposed	142729904	Direct
2006-08-22	37-Common Stock	S	6600	$54.60	Disposed	142723304	Direct
2006-08-22	38-Common Stock	S	900	$54.59	Disposed	142722404	Direct
2006-08-22	39-Common Stock	S	1400	$54.58	Disposed	142721004	Direct
2006-08-22	40-Common Stock	S	1200	$54.57	Disposed	142719804	Direct
2006-08-22	41-Common Stock	S	900	$54.55	Disposed	142718904	Direct
2006-08-22	42-Common Stock	S	1200	$54.54	Disposed	142717704	Direct
2006-08-22	43-Common Stock	S	600	$54.53	Disposed	142717104	Direct
2006-08-22	44-Common Stock	S	1100	$54.52	Disposed	142716004	Direct
2006-08-22	45-Common Stock	S	600	$54.51	Disposed	142715404	Direct
2006-08-22	46-Common Stock	S	1800	$54.50	Disposed	142713604	Direct
2006-08-22	47-Common Stock	S	1200	$54.49	Disposed	142712404	Direct
2006-08-22	48-Common Stock	S	1900	$54.48	Disposed	142710504	Direct
2006-08-22	49-Common Stock	S	3000	$54.47	Disposed	142707504	Direct
2006-08-22	50-Common Stock	S	3000	$54.46	Disposed	142704504	Direct
2006-08-22	51-Common Stock	S	1200	$54.45	Disposed	142703304	Direct
2006-08-22	52-Common Stock	S	1900	$54.44	Disposed	142701404	Direct
2006-08-22	53-Common Stock	S	600	$54.42	Disposed	142700804	Direct