ELI LILLY & Co — Director's Dealing 2006

Jun 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-06-12

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-12	31-Common Stock	S	600	$52.03	Disposed	143811704	Direct
2006-06-12	32-Common Stock	S	3700	$52.02	Disposed	143808004	Direct
2006-06-12	33-Common Stock	S	600	$52.01	Disposed	143807404	Direct
2006-06-12	34-Common Stock	S	4000	$52.00	Disposed	143803404	Direct
2006-06-12	35-Common Stock	S	700	$51.99	Disposed	143802704	Direct
2006-06-12	36-Common Stock	S	1600	$51.98	Disposed	143801104	Direct
2006-06-12	37-Common Stock	S	1200	$51.97	Disposed	143799904	Direct
2006-06-12	38-Common Stock	S	600	$51.96	Disposed	143799304	Direct
2006-06-12	39-Common Stock	S	1800	$51.95	Disposed	143797504	Direct
2006-06-12	40-Common Stock	S	1400	$51.94	Disposed	143796104	Direct
2006-06-12	41-Common Stock	S	700	$51.93	Disposed	143795404	Direct
2006-06-12	42-Common Stock	S	600	$51.92	Disposed	143794804	Direct
2006-06-12	43-Common Stock	S	600	$51.90	Disposed	143794204	Direct
2006-06-12	44-Common Stock	S	2200	$51.89	Disposed	143792004	Direct
2006-06-12	45-Common Stock	S	600	$51.88	Disposed	143791404	Direct
2006-06-12	46-Common Stock	S	1400	$51.87	Disposed	143790004	Direct
2006-06-12	47-Common Stock	S	600	$51.86	Disposed	143789404	Direct
2006-06-12	48-Common Stock	S	1300	$51.85	Disposed	143788104	Direct
2006-06-12	49-Common Stock	S	700	$51.83	Disposed	143787404	Direct
2006-06-12	50-Common Stock	S	1200	$51.81	Disposed	143786204	Direct
2006-06-12	51-Common Stock	S	1400	$51.79	Disposed	143784804	Direct
2006-06-12	52-Common Stock	S	1100	$51.75	Disposed	143783704	Direct
2006-06-12	53-Common Stock	S	1400	$51.74	Disposed	143782304	Direct
2006-06-12	54-Common Stock	S	600	$51.72	Disposed	143781704	Direct
2006-06-12	55-Common Stock	S	1400	$51.70	Disposed	143780304	Direct
2006-06-12	56-Common Stock	S	1600	$51.69	Disposed	143778704	Direct
2006-06-12	57-Common Stock	S	2500	$51.67	Disposed	143776204	Direct
2006-06-12	58-Common Stock	S	1300	$51.66	Disposed	143774904	Direct
2006-06-12	59-Common Stock	S	5600	$51.65	Disposed	143769304	Direct
2006-06-12	60-Common Stock	S	5600	$51.63	Disposed	143763704	Direct