ELI LILLY & Co — Director's Dealing 2006

Aug 10, 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)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-09	31-Common Stock	S	700	$55.67	Disposed	143108604	Direct
2006-08-09	32-Common Stock	S	700	$55.63	Disposed	143107904	Direct
2006-08-09	33-Common Stock	S	1300	$55.60	Disposed	143106604	Direct
2006-08-09	34-Common Stock	S	800	$55.59	Disposed	143105804	Direct
2006-08-09	35-Common Stock	S	700	$55.58	Disposed	143105104	Direct
2006-08-09	36-Common Stock	S	700	$55.56	Disposed	143104404	Direct
2006-08-09	37-Common Stock	S	700	$55.55	Disposed	143103704	Direct
2006-08-09	38-Common Stock	S	700	$55.54	Disposed	143103004	Direct
2006-08-09	39-Common Stock	S	200	$55.53	Disposed	143102804	Direct
2006-08-09	40-Common Stock	S	700	$55.52	Disposed	143102104	Direct
2006-08-09	41-Common Stock	S	700	$55.51	Disposed	143101404	Direct
2006-08-09	42-Common Stock	S	2100	$55.49	Disposed	143099304	Direct
2006-08-09	43-Common Stock	S	2800	$55.47	Disposed	143096504	Direct
2006-08-09	44-Common Stock	S	700	$55.46	Disposed	143095804	Direct
2006-08-09	45-Common Stock	S	700	$55.45	Disposed	143095104	Direct
2006-08-09	46-Common Stock	S	500	$55.44	Disposed	143094604	Direct
2006-08-09	47-Common Stock	S	2800	$55.43	Disposed	143091804	Direct
2006-08-09	48-Common Stock	S	2300	$55.42	Disposed	143089504	Direct
2006-08-09	49-Common Stock	S	2500	$55.41	Disposed	143087004	Direct
2006-08-09	50-Common Stock	S	2000	$55.40	Disposed	143085004	Direct
2006-08-09	51-Common Stock	S	1400	$55.39	Disposed	143083604	Direct
2006-08-09	52-Common Stock	S	3500	$55.38	Disposed	143080104	Direct
2006-08-09	53-Common Stock	S	3200	$55.37	Disposed	143076904	Direct
2006-08-09	54-Common Stock	S	3500	$55.36	Disposed	143073404	Direct
2006-08-09	55-Common Stock	S	2200	$55.35	Disposed	143071204	Direct
2006-08-09	56-Common Stock	S	2700	$55.34	Disposed	143068504	Direct
2006-08-09	57-Common Stock	S	3300	$55.33	Disposed	143065204	Direct
2006-08-09	58-Common Stock	S	2100	$55.32	Disposed	143063104	Direct
2006-08-09	59-Common Stock	S	2100	$55.31	Disposed	143061004	Direct
2006-08-09	60-Common Stock	S	2100	$55.30	Disposed	143058904	Direct