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	1-Common Stock	S	1800	$52.34	Disposed	143879004	Direct
2006-06-12	2-Common Stock	S	700	$52.33	Disposed	143878304	Direct
2006-06-12	3-Common Stock	S	500	$52.32	Disposed	143877804	Direct
2006-06-12	4-Common Stock	S	2500	$52.31	Disposed	143875304	Direct
2006-06-12	5-Common Stock	S	1200	$52.30	Disposed	143874104	Direct
2006-06-12	6-Common Stock	S	3500	$52.29	Disposed	143870604	Direct
2006-06-12	7-Common Stock	S	3700	$52.28	Disposed	143866904	Direct
2006-06-12	8-Common Stock	S	5000	$52.27	Disposed	143861904	Direct
2006-06-12	9-Common Stock	S	3900	$52.26	Disposed	143858004	Direct
2006-06-12	10-Common Stock	S	4200	$52.25	Disposed	143853804	Direct
2006-06-12	11-Common Stock	S	4400	$52.24	Disposed	143849404	Direct
2006-06-12	12-Common Stock	S	3100	$52.23	Disposed	143846304	Direct
2006-06-12	13-Common Stock	S	2900	$52.22	Disposed	143843404	Direct
2006-06-12	14-Common Stock	S	2400	$52.21	Disposed	143841004	Direct
2006-06-12	15-Common Stock	S	1200	$52.20	Disposed	143839804	Direct
2006-06-12	16-Common Stock	S	3000	$52.19	Disposed	143836804	Direct
2006-06-12	17-Common Stock	S	500	$52.17	Disposed	143836304	Direct
2006-06-12	18-Common Stock	S	300	$52.16	Disposed	143836004	Direct
2006-06-12	19-Common Stock	S	600	$52.15	Disposed	143835404	Direct
2006-06-12	20-Common Stock	S	1200	$52.14	Disposed	143834204	Direct
2006-06-12	21-Common Stock	S	2700	$52.13	Disposed	143831504	Direct
2006-06-12	22-Common Stock	S	2100	$52.12	Disposed	143829404	Direct
2006-06-12	23-Common Stock	S	1400	$52.11	Disposed	143828004	Direct
2006-06-12	24-Common Stock	S	3400	$52.10	Disposed	143824604	Direct
2006-06-12	25-Common Stock	S	800	$52.09	Disposed	143823804	Direct
2006-06-12	26-Common Stock	S	3000	$52.08	Disposed	143820804	Direct
2006-06-12	27-Common Stock	S	1400	$52.07	Disposed	143819404	Direct
2006-06-12	28-Common Stock	S	2400	$52.06	Disposed	143817004	Direct
2006-06-12	29-Common Stock	S	3900	$52.05	Disposed	143813104	Direct
2006-06-12	30-Common Stock	S	800	$52.04	Disposed	143812304	Direct