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	1-Common Stock	S	500	$51.91	Disposed	144000304	Direct
2006-06-07	2-Common Stock	S	600	$51.90	Disposed	143999704	Direct
2006-06-07	3-Common Stock	S	300	$51.89	Disposed	143999404	Direct
2006-06-07	4-Common Stock	S	900	$51.88	Disposed	143998504	Direct
2006-06-07	5-Common Stock	S	1600	$51.87	Disposed	143996904	Direct
2006-06-07	6-Common Stock	S	600	$51.86	Disposed	143996304	Direct
2006-06-07	7-Common Stock	S	900	$51.85	Disposed	143995404	Direct
2006-06-07	8-Common Stock	S	1200	$51.84	Disposed	143994204	Direct
2006-06-07	9-Common Stock	S	1500	$51.83	Disposed	143992704	Direct
2006-06-07	10-Common Stock	S	1200	$51.82	Disposed	143991504	Direct
2006-06-07	11-Common Stock	S	500	$51.81	Disposed	143991004	Direct
2006-06-07	12-Common Stock	S	1100	$51.80	Disposed	143989904	Direct
2006-06-07	13-Common Stock	S	300	$51.79	Disposed	143989604	Direct
2006-06-07	14-Common Stock	S	600	$51.78	Disposed	143989004	Direct
2006-06-07	15-Common Stock	S	2900	$51.77	Disposed	143986104	Direct
2006-06-07	16-Common Stock	S	600	$51.76	Disposed	143985504	Direct
2006-06-07	17-Common Stock	S	2200	$51.75	Disposed	143983304	Direct
2006-06-07	18-Common Stock	S	1400	$51.74	Disposed	143981904	Direct
2006-06-07	19-Common Stock	S	3900	$51.73	Disposed	143978004	Direct
2006-06-07	20-Common Stock	S	3100	$51.72	Disposed	143974904	Direct
2006-06-07	21-Common Stock	S	5700	$51.71	Disposed	143969204	Direct
2006-06-07	22-Common Stock	S	7500	$51.70	Disposed	143961704	Direct
2006-06-07	23-Common Stock	S	4800	$51.68	Disposed	143956904	Direct
2006-06-07	24-Common Stock	S	6300	$51.67	Disposed	143950604	Direct
2006-06-07	25-Common Stock	S	6300	$51.66	Disposed	143944304	Direct
2006-06-07	26-Common Stock	S	6800	$51.65	Disposed	143937504	Direct
2006-06-07	27-Common Stock	S	5600	$51.64	Disposed	143931904	Direct
2006-06-07	28-Common Stock	S	3900	$51.63	Disposed	143928004	Direct
2006-06-07	29-Common Stock	S	4900	$51.62	Disposed	143923104	Direct
2006-06-07	30-Common Stock	S	2400	$51.61	Disposed	143920704	Direct