ELI LILLY & Co — Director's Dealing 2006

Jun 8, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2006-06-07

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-07	31-Common Stock	S	2100	$51.60	Disposed	143918604	Direct
2006-06-07	32-Common Stock	S	800	$51.59	Disposed	143917804	Direct
2006-06-07	33-Common Stock	S	1100	$51.58	Disposed	143916704	Direct
2006-06-07	34-Common Stock	S	1800	$51.57	Disposed	143914904	Direct
2006-06-07	35-Common Stock	S	300	$51.56	Disposed	143914604	Direct
2006-06-07	36-Common Stock	S	1800	$51.55	Disposed	143912804	Direct
2006-06-07	37-Common Stock	S	2300	$51.54	Disposed	143910504	Direct
2006-06-07	38-Common Stock	S	2400	$51.53	Disposed	143908104	Direct
2006-06-07	39-Common Stock	S	2300	$51.51	Disposed	143905804	Direct
2006-06-07	40-Common Stock	S	1200	$51.49	Disposed	143904604	Direct
2006-06-07	41-Common Stock	S	800	$51.48	Disposed	143903804	Direct
2006-06-07	42-Common Stock	S	2000	$51.47	Disposed	143901804	Direct
2006-06-07	43-Common Stock	S	600	$51.46	Disposed	143901204	Direct
2006-06-07	44-Common Stock	S	1400	$51.45	Disposed	143899804	Direct
2006-06-07	45-Common Stock	S	1100	$51.44	Disposed	143898704	Direct
2006-06-07	46-Common Stock	S	1200	$51.42	Disposed	143897504	Direct
2006-06-07	47-Common Stock	S	1000	$51.41	Disposed	143896504	Direct
2006-06-07	48-Common Stock	S	700	$51.40	Disposed	143895804	Direct
2006-06-07	49-Common Stock	S	1200	$51.38	Disposed	143894604	Direct
2006-06-07	50-Common Stock	S	1200	$51.36	Disposed	143893404	Direct
2006-06-07	51-Common Stock	S	200	$51.35	Disposed	143893204	Direct
2006-06-07	52-Common Stock	S	1200	$51.34	Disposed	143892004	Direct
2006-06-07	53-Common Stock	S	600	$51.33	Disposed	143891404	Direct
2006-06-07	54-Common Stock	S	1500	$51.32	Disposed	143889904	Direct
2006-06-07	55-Common Stock	S	1200	$51.31	Disposed	143888704	Direct
2006-06-07	56-Common Stock	S	300	$51.29	Disposed	143888404	Direct
2006-06-07	57-Common Stock	S	300	$51.27	Disposed	143888104	Direct
2006-06-07	58-Common Stock	S	300	$51.25	Disposed	143887804	Direct
2006-06-07	59-Common Stock	S	300	$51.24	Disposed	143887504	Direct
2006-06-07	60-Common Stock	S	300	$51.22	Disposed	143887204	Direct