ELI LILLY & Co — Director's Dealing 2006

Jun 7, 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)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-06	1-Common Stock	S	900	$51.41	Disposed	144119904	Direct
2006-06-06	2-Common Stock	S	300	$51.40	Disposed	144119604	Direct
2006-06-06	3-Common Stock	S	1300	$51.39	Disposed	144118304	Direct
2006-06-06	4-Common Stock	S	900	$51.38	Disposed	144117404	Direct
2006-06-06	5-Common Stock	S	900	$51.37	Disposed	144116504	Direct
2006-06-06	6-Common Stock	S	1000	$51.36	Disposed	144115504	Direct
2006-06-06	7-Common Stock	S	2200	$51.35	Disposed	144113304	Direct
2006-06-06	8-Common Stock	S	2000	$51.34	Disposed	144111304	Direct
2006-06-06	9-Common Stock	S	1500	$51.33	Disposed	144109804	Direct
2006-06-06	10-Common Stock	S	1400	$51.32	Disposed	144108404	Direct
2006-06-06	11-Common Stock	S	700	$51.31	Disposed	144107704	Direct
2006-06-06	12-Common Stock	S	3900	$51.30	Disposed	144103804	Direct
2006-06-06	13-Common Stock	S	1600	$51.29	Disposed	144102204	Direct
2006-06-06	14-Common Stock	S	1200	$51.28	Disposed	144101004	Direct
2006-06-06	15-Common Stock	S	1000	$51.27	Disposed	144100004	Direct
2006-06-06	16-Common Stock	S	800	$51.26	Disposed	144099204	Direct
2006-06-06	17-Common Stock	S	600	$51.25	Disposed	144098604	Direct
2006-06-06	18-Common Stock	S	1800	$51.24	Disposed	144096804	Direct
2006-06-06	19-Common Stock	S	2100	$51.23	Disposed	144094704	Direct
2006-06-06	20-Common Stock	S	1500	$51.22	Disposed	144093204	Direct
2006-06-06	21-Common Stock	S	900	$51.21	Disposed	144092304	Direct
2006-06-06	22-Common Stock	S	4700	$51.20	Disposed	144087604	Direct
2006-06-06	23-Common Stock	S	1000	$51.19	Disposed	144086604	Direct
2006-06-06	24-Common Stock	S	1100	$51.18	Disposed	144085504	Direct
2006-06-06	25-Common Stock	S	1300	$51.17	Disposed	144084204	Direct
2006-06-06	26-Common Stock	S	3000	$51.16	Disposed	144081204	Direct
2006-06-06	27-Common Stock	S	5200	$51.15	Disposed	144076004	Direct
2006-06-06	28-Common Stock	S	4500	$51.14	Disposed	144071504	Direct
2006-06-06	29-Common Stock	S	3400	$51.13	Disposed	144068104	Direct
2006-06-06	30-Common Stock	S	2100	$51.12	Disposed	144066004	Direct