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: 2006-08-01

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-01	31-Common Stock	S	3200	$56.20	Disposed	143360704	Direct
2006-08-01	32-Common Stock	S	1600	$56.19	Disposed	143359104	Direct
2006-08-01	33-Common Stock	S	1000	$56.18	Disposed	143358104	Direct
2006-08-01	34-Common Stock	S	700	$56.17	Disposed	143357404	Direct
2006-08-01	35-Common Stock	S	2300	$56.16	Disposed	143355104	Direct
2006-08-01	36-Common Stock	S	900	$56.15	Disposed	143354204	Direct
2006-08-01	37-Common Stock	S	800	$56.12	Disposed	143353404	Direct
2006-08-01	38-Common Stock	S	800	$56.08	Disposed	143352604	Direct
2006-08-01	39-Common Stock	S	900	$56.07	Disposed	143351704	Direct
2006-08-01	40-Common Stock	S	800	$56.06	Disposed	143350904	Direct
2006-08-01	41-Common Stock	S	3500	$56.05	Disposed	143347404	Direct
2006-08-01	42-Common Stock	S	2400	$56.04	Disposed	143345004	Direct
2006-08-01	43-Common Stock	S	2500	$56.03	Disposed	143342504	Direct
2006-08-01	44-Common Stock	S	2500	$56.02	Disposed	143340004	Direct
2006-08-01	45-Common Stock	S	3300	$56.00	Disposed	143336704	Direct
2006-08-01	46-Common Stock	S	800	$55.98	Disposed	143335904	Direct
2006-08-01	47-Common Stock	S	1900	$55.97	Disposed	143334004	Direct
2006-08-01	48-Common Stock	S	2400	$55.95	Disposed	143331604	Direct
2006-08-01	49-Common Stock	S	800	$55.93	Disposed	143330804	Direct