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: 2006-04-25

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-04-25	31-Common Stock	S	3200	$52.20	Disposed	146602104	Direct
2006-04-25	32-Common Stock	S	8500	$52.19	Disposed	146593604	Direct
2006-04-25	33-Common Stock	S	2800	$52.18	Disposed	146590804	Direct
2006-04-25	34-Common Stock	S	7200	$52.17	Disposed	146583604	Direct
2006-04-25	35-Common Stock	S	11900	$52.16	Disposed	146571704	Direct
2006-04-25	36-Common Stock	S	12300	$52.15	Disposed	146559404	Direct
2006-04-25	37-Common Stock	S	10100	$52.14	Disposed	146549304	Direct
2006-04-25	38-Common Stock	S	9600	$52.13	Disposed	146539704	Direct
2006-04-25	39-Common Stock	S	18400	$52.12	Disposed	146521304	Direct
2006-04-25	40-Common Stock	S	5200	$52.11	Disposed	146516104	Direct
2006-04-25	41-Common Stock	S	12600	$52.10	Disposed	146503504	Direct
2006-04-25	42-Common Stock	S	4300	$52.09	Disposed	146499204	Direct
2006-04-25	43-Common Stock	S	5600	$52.08	Disposed	146493604	Direct
2006-04-25	44-Common Stock	S	2500	$52.07	Disposed	146491104	Direct
2006-04-25	45-Common Stock	S	1400	$52.06	Disposed	146489704	Direct
2006-04-25	46-Common Stock	S	3100	$52.05	Disposed	146486604	Direct
2006-04-25	47-Common Stock	S	3800	$52.04	Disposed	146482804	Direct
2006-04-25	48-Common Stock	S	3100	$52.03	Disposed	146479704	Direct
2006-04-25	49-Common Stock	S	3400	$52.02	Disposed	146476304	Direct
2006-04-25	50-Common Stock	S	2300	$52.01	Disposed	146474004	Direct
2006-04-25	51-Common Stock	S	1600	$52.00	Disposed	146472404	Direct
2006-04-25	52-Common Stock	S	1600	$51.99	Disposed	146470804	Direct