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: 2006-05-12

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-12	61-Common Stock	S	5500	$50.40	Disposed	145069704	Direct
2006-05-12	62-Common Stock	S	3600	$50.39	Disposed	145066104	Direct
2006-05-12	63-Common Stock	S	6400	$50.38	Disposed	145059704	Direct
2006-05-12	64-Common Stock	S	5100	$50.37	Disposed	145054604	Direct
2006-05-12	65-Common Stock	S	6300	$50.36	Disposed	145048304	Direct
2006-05-12	66-Common Stock	S	9200	$50.35	Disposed	145039104	Direct
2006-05-12	67-Common Stock	S	4200	$50.34	Disposed	145034904	Direct
2006-05-12	68-Common Stock	S	6000	$50.33	Disposed	145028904	Direct
2006-05-12	69-Common Stock	S	3000	$50.32	Disposed	145025904	Direct
2006-05-12	70-Common Stock	S	3300	$50.31	Disposed	145022604	Direct
2006-05-12	71-Common Stock	S	300	$50.30	Disposed	145022304	Direct
2006-05-12	72-Common Stock	S	1500	$50.29	Disposed	145020804	Direct