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: 2006-06-06

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-06	31-Common Stock	S	1900	$51.11	Disposed	144064104	Direct
2006-06-06	32-Common Stock	S	3500	$51.10	Disposed	144060604	Direct
2006-06-06	33-Common Stock	S	4600	$51.09	Disposed	144056004	Direct
2006-06-06	34-Common Stock	S	1600	$51.08	Disposed	144054404	Direct
2006-06-06	35-Common Stock	S	9000	$51.07	Disposed	144045404	Direct
2006-06-06	36-Common Stock	S	5200	$51.06	Disposed	144040204	Direct
2006-06-06	37-Common Stock	S	3400	$51.05	Disposed	144036804	Direct
2006-06-06	38-Common Stock	S	3900	$51.04	Disposed	144032904	Direct
2006-06-06	39-Common Stock	S	5300	$51.03	Disposed	144027604	Direct
2006-06-06	40-Common Stock	S	6000	$51.02	Disposed	144021604	Direct
2006-06-06	41-Common Stock	S	3500	$51.01	Disposed	144018104	Direct
2006-06-06	42-Common Stock	S	4000	$51.00	Disposed	144014104	Direct
2006-06-06	43-Common Stock	S	3200	$50.99	Disposed	144010904	Direct
2006-06-06	44-Common Stock	S	2300	$50.98	Disposed	144008604	Direct
2006-06-06	45-Common Stock	S	2400	$50.97	Disposed	144006204	Direct
2006-06-06	46-Common Stock	S	600	$50.96	Disposed	144005604	Direct
2006-06-06	47-Common Stock	S	600	$50.95	Disposed	144005004	Direct
2006-06-06	48-Common Stock	S	900	$50.93	Disposed	144004104	Direct
2006-06-06	49-Common Stock	S	600	$50.91	Disposed	144003504	Direct
2006-06-06	50-Common Stock	S	700	$50.90	Disposed	144002804	Direct
2006-06-06	51-Common Stock	S	600	$50.89	Disposed	144002204	Direct
2006-06-06	52-Common Stock	S	900	$50.88	Disposed	144001304	Direct
2006-06-06	53-Common Stock	S	500	$50.87	Disposed	144000804	Direct