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: 2006-08-09

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-09	61-Common Stock	S	2100	$55.29	Disposed	143056804	Direct
2006-08-09	62-Common Stock	S	3200	$55.28	Disposed	143053604	Direct
2006-08-09	63-Common Stock	S	4600	$55.27	Disposed	143049004	Direct
2006-08-09	64-Common Stock	S	2200	$55.26	Disposed	143046804	Direct
2006-08-09	65-Common Stock	S	1400	$55.25	Disposed	143045404	Direct
2006-08-09	66-Common Stock	S	2400	$55.23	Disposed	143043004	Direct
2006-08-09	67-Common Stock	S	2100	$55.21	Disposed	143040904	Direct
2006-08-09	68-Common Stock	S	700	$55.19	Disposed	143040204	Direct
2006-08-09	69-Common Stock	S	700	$55.18	Disposed	143039504	Direct
2006-08-09	70-Common Stock	S	1700	$55.13	Disposed	143037804	Direct
2006-08-09	71-Common Stock	S	700	$55.09	Disposed	143037104	Direct
2006-08-09	72-Common Stock	S	900	$55.01	Disposed	143036204	Direct
2006-08-09	73-Common Stock	S	6800	$55.00	Disposed	143029404	Direct
2006-08-09	74-Common Stock	S	2100	$54.99	Disposed	143027304	Direct
2006-08-09	75-Common Stock	S	4700	$54.98	Disposed	143022604	Direct
2006-08-09	76-Common Stock	S	4000	$54.97	Disposed	143018604	Direct
2006-08-09	77-Common Stock	S	700	$54.96	Disposed	143017904	Direct
2006-08-09	78-Common Stock	S	7000	$54.95	Disposed	143010904	Direct
2006-08-09	79-Common Stock	S	2000	$54.94	Disposed	143008904	Direct
2006-08-09	80-Common Stock	S	2100	$54.93	Disposed	143006804	Direct
2006-08-09	81-Common Stock	S	1600	$54.92	Disposed	143005204	Direct
2006-08-09	82-Common Stock	S	2900	$54.91	Disposed	143002304	Direct
2006-08-09	83-Common Stock	S	700	$54.90	Disposed	143001604	Direct
2006-08-09	84-Common Stock	S	800	$54.88	Disposed	143000804	Direct