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: 2006-05-17

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-17	91-Common Stock	S	1100	$50.96	Disposed	144761804	Direct
2006-05-17	92-Common Stock	S	2200	$50.95	Disposed	144759604	Direct
2006-05-17	93-Common Stock	S	300	$50.94	Disposed	144759304	Direct
2006-05-17	94-Common Stock	S	400	$50.93	Disposed	144758904	Direct
2006-05-17	95-Common Stock	S	1700	$50.92	Disposed	144757204	Direct
2006-05-17	96-Common Stock	S	2000	$50.91	Disposed	144755204	Direct
2006-05-17	97-Common Stock	S	400	$50.90	Disposed	144754804	Direct
2006-05-17	98-Common Stock	S	300	$50.88	Disposed	144754504	Direct
2006-05-17	99-Common Stock	S	100	$50.87	Disposed	144754404	Direct
2006-05-17	100-Common Stock	S	100	$50.82	Disposed	144754304	Direct
2006-05-17	101-Common Stock	S	1000	$50.81	Disposed	144753304	Direct
2006-05-17	102-Common Stock	S	100	$50.78	Disposed	144753204	Direct
2006-05-17	103-Common Stock	S	200	$50.76	Disposed	144753004	Direct
2006-05-17	104-Common Stock	S	1000	$50.74	Disposed	144752004	Direct
2006-05-17	105-Common Stock	S	200	$50.73	Disposed	144751804	Direct
2006-05-17	106-Common Stock	S	300	$50.71	Disposed	144751504	Direct
2006-05-17	107-Common Stock	S	700	$50.69	Disposed	144750804	Direct