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: 2006-08-03

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-03	31-Common Stock	S	1700	$56.86	Disposed	143221504	Direct
2006-08-03	32-Common Stock	S	800	$56.85	Disposed	143220704	Direct
2006-08-03	33-Common Stock	S	1600	$56.84	Disposed	143219104	Direct
2006-08-03	34-Common Stock	S	800	$56.82	Disposed	143218304	Direct
2006-08-03	35-Common Stock	S	2400	$56.81	Disposed	143215904	Direct
2006-08-03	36-Common Stock	S	2700	$56.80	Disposed	143213204	Direct
2006-08-03	37-Common Stock	S	3800	$56.79	Disposed	143209404	Direct
2006-08-03	38-Common Stock	S	4000	$56.78	Disposed	143205404	Direct
2006-08-03	39-Common Stock	S	5400	$56.77	Disposed	143200004	Direct
2006-08-03	40-Common Stock	S	1600	$56.76	Disposed	143198404	Direct
2006-08-03	41-Common Stock	S	10300	$56.75	Disposed	143188104	Direct
2006-08-03	42-Common Stock	S	5100	$56.74	Disposed	143183004	Direct
2006-08-03	43-Common Stock	S	6400	$56.73	Disposed	143176604	Direct
2006-08-03	44-Common Stock	S	800	$56.72	Disposed	143175804	Direct
2006-08-03	45-Common Stock	S	4200	$56.71	Disposed	143171604	Direct
2006-08-03	46-Common Stock	S	1300	$56.70	Disposed	143170304	Direct
2006-08-03	47-Common Stock	S	300	$56.68	Disposed	143170004	Direct
2006-08-03	48-Common Stock	S	2300	$56.67	Disposed	143167704	Direct
2006-08-03	49-Common Stock	S	3100	$56.66	Disposed	143164604	Direct
2006-08-03	50-Common Stock	S	1700	$56.65	Disposed	143162904	Direct
2006-08-03	51-Common Stock	S	7700	$56.64	Disposed	143155204	Direct
2006-08-03	52-Common Stock	S	4400	$56.63	Disposed	143150804	Direct