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: 2006-05-04

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-04	31-Common Stock	S	7500	$51.94	Disposed	145576504	Direct
2006-05-04	32-Common Stock	S	7900	$51.93	Disposed	145568604	Direct
2006-05-04	33-Common Stock	S	9200	$51.92	Disposed	145559404	Direct
2006-05-04	34-Common Stock	S	2400	$51.91	Disposed	145557004	Direct
2006-05-04	35-Common Stock	S	7300	$51.90	Disposed	145549704	Direct
2006-05-04	36-Common Stock	S	1700	$51.89	Disposed	145548004	Direct
2006-05-04	37-Common Stock	S	3300	$51.88	Disposed	145544704	Direct
2006-05-04	38-Common Stock	S	200	$51.86	Disposed	145544504	Direct
2006-05-04	39-Common Stock	S	6000	$51.84	Disposed	145538504	Direct
2006-05-04	40-Common Stock	S	800	$51.83	Disposed	145537704	Direct
2006-05-04	41-Common Stock	S	2600	$51.82	Disposed	145535104	Direct
2006-05-04	42-Common Stock	S	1600	$51.80	Disposed	145533504	Direct
2006-05-04	43-Common Stock	S	800	$51.79	Disposed	145532704	Direct
2006-05-04	44-Common Stock	S	1800	$51.73	Disposed	145530904	Direct
2006-05-04	45-Common Stock	S	1000	$51.72	Disposed	145529904	Direct
2006-05-04	46-Common Stock	S	900	$51.63	Disposed	145529004	Direct
2006-05-04	47-Common Stock	S	3000	$51.60	Disposed	145526004	Direct
2006-05-04	48-Common Stock	S	800	$51.59	Disposed	145525204	Direct
2006-05-04	49-Common Stock	S	400	$51.55	Disposed	145524804	Direct
2006-05-04	50-Common Stock	S	800	$51.52	Disposed	145524004	Direct
2006-05-04	51-Common Stock	S	800	$51.50	Disposed	145523204	Direct
2006-05-04	52-Common Stock	S	800	$51.49	Disposed	145522404	Direct
2006-05-04	53-Common Stock	S	800	$51.48	Disposed	145521604	Direct
2006-05-04	54-Common Stock	S	800	$51.47	Disposed	145520804	Direct