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: 2006-05-25

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-25	61-Common Stock	S	2600	$51.08	Disposed	144385004	Direct
2006-05-25	62-Common Stock	S	700	$51.07	Disposed	144384304	Direct
2006-05-25	63-Common Stock	S	2700	$51.06	Disposed	144381604	Direct
2006-05-25	64-Common Stock	S	1300	$51.05	Disposed	144380304	Direct
2006-05-25	65-Common Stock	S	600	$51.04	Disposed	144379704	Direct
2006-05-25	66-Common Stock	S	1200	$51.03	Disposed	144378504	Direct
2006-05-25	67-Common Stock	S	1100	$51.02	Disposed	144377404	Direct
2006-05-25	68-Common Stock	S	800	$51.01	Disposed	144376604	Direct
2006-05-25	69-Common Stock	S	1000	$51.00	Disposed	144375604	Direct
2006-05-25	70-Common Stock	S	100	$50.99	Disposed	144375504	Direct
2006-05-25	71-Common Stock	S	1800	$50.98	Disposed	144373704	Direct
2006-05-25	72-Common Stock	S	800	$50.97	Disposed	144372904	Direct
2006-05-25	73-Common Stock	S	500	$50.95	Disposed	144372404	Direct
2006-05-25	74-Common Stock	S	800	$50.94	Disposed	144371604	Direct
2006-05-25	75-Common Stock	S	800	$50.90	Disposed	144370804	Direct