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: 2006-08-15

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-15	31-Common Stock	S	1200	$55.12	Disposed	142861504	Direct
2006-08-15	32-Common Stock	S	1900	$55.11	Disposed	142859604	Direct
2006-08-15	33-Common Stock	S	600	$55.10	Disposed	142859004	Direct
2006-08-15	34-Common Stock	S	3900	$55.09	Disposed	142855104	Direct
2006-08-15	35-Common Stock	S	600	$55.08	Disposed	142854504	Direct
2006-08-15	36-Common Stock	S	3600	$55.07	Disposed	142850904	Direct
2006-08-15	37-Common Stock	S	1800	$55.06	Disposed	142849104	Direct
2006-08-15	38-Common Stock	S	1800	$55.05	Disposed	142847304	Direct
2006-08-15	39-Common Stock	S	6600	$55.04	Disposed	142840704	Direct
2006-08-15	40-Common Stock	S	1200	$55.03	Disposed	142839504	Direct
2006-08-15	41-Common Stock	S	600	$55.02	Disposed	142838904	Direct
2006-08-15	42-Common Stock	S	600	$55.01	Disposed	142838304	Direct
2006-08-15	43-Common Stock	S	2000	$55.00	Disposed	142836304	Direct
2006-08-15	44-Common Stock	S	1900	$54.99	Disposed	142834404	Direct
2006-08-15	45-Common Stock	S	600	$54.98	Disposed	142833804	Direct
2006-08-15	46-Common Stock	S	600	$54.97	Disposed	142833204	Direct
2006-08-15	47-Common Stock	S	600	$54.96	Disposed	142832604	Direct
2006-08-15	48-Common Stock	S	600	$54.95	Disposed	142832004	Direct
2006-08-15	49-Common Stock	S	600	$54.94	Disposed	142831404	Direct
2006-08-15	50-Common Stock	S	1200	$54.93	Disposed	142830204	Direct
2006-08-15	51-Common Stock	S	1800	$54.92	Disposed	142828404	Direct
2006-08-15	52-Common Stock	S	1400	$54.91	Disposed	142827004	Direct
2006-08-15	53-Common Stock	S	1200	$54.89	Disposed	142825804	Direct