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: 2006-06-01

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-06-01	31-Common Stock	S	4600	$51.66	Disposed	144191304	Direct
2006-06-01	32-Common Stock	S	3900	$51.65	Disposed	144187404	Direct
2006-06-01	33-Common Stock	S	7400	$51.64	Disposed	144180004	Direct
2006-06-01	34-Common Stock	S	10400	$51.63	Disposed	144169604	Direct
2006-06-01	35-Common Stock	S	10800	$51.62	Disposed	144158804	Direct
2006-06-01	36-Common Stock	S	7300	$51.61	Disposed	144151504	Direct
2006-06-01	37-Common Stock	S	4800	$51.60	Disposed	144146704	Direct
2006-06-01	38-Common Stock	S	5300	$51.59	Disposed	144141404	Direct
2006-06-01	39-Common Stock	S	2400	$51.58	Disposed	144139004	Direct
2006-06-01	40-Common Stock	S	5300	$51.57	Disposed	144133704	Direct
2006-06-01	41-Common Stock	S	2400	$51.56	Disposed	144131304	Direct
2006-06-01	42-Common Stock	S	3000	$51.55	Disposed	144128304	Direct
2006-06-01	43-Common Stock	S	6000	$51.54	Disposed	144122304	Direct
2006-06-01	44-Common Stock	S	600	$51.51	Disposed	144121704	Direct
2006-06-01	45-Common Stock	S	600	$51.49	Disposed	144121104	Direct
2006-06-01	46-Common Stock	S	300	$51.47	Disposed	144120804	Direct