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: 2006-03-09

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-09	31-Common Stock	S	11500	$57.08	Disposed	147328904	Direct
2006-03-09	32-Common Stock	S	3700	$57.07	Disposed	147325204	Direct
2006-03-09	33-Common Stock	S	13400	$57.06	Disposed	147311804	Direct
2006-03-09	34-Common Stock	S	2200	$57.05	Disposed	147309604	Direct
2006-03-09	35-Common Stock	S	17000	$57.04	Disposed	147292604	Direct
2006-03-09	36-Common Stock	S	6300	$57.03	Disposed	147286304	Direct
2006-03-09	37-Common Stock	S	8900	$57.02	Disposed	147277404	Direct
2006-03-09	38-Common Stock	S	2800	$57.01	Disposed	147274604	Direct
2006-03-09	39-Common Stock	S	7000	$57.00	Disposed	147267604	Direct
2006-03-09	40-Common Stock	S	2800	$56.99	Disposed	147264804	Direct
2006-03-09	41-Common Stock	S	2900	$56.98	Disposed	147261904	Direct
2006-03-09	42-Common Stock	S	2100	$56.97	Disposed	147259804	Direct
2006-03-09	43-Common Stock	S	700	$56.96	Disposed	147259104	Direct
2006-03-09	44-Common Stock	S	5300	$56.95	Disposed	147253804	Direct
2006-03-09	45-Common Stock	S	1600	$56.94	Disposed	147252204	Direct
2006-03-09	46-Common Stock	S	700	$56.93	Disposed	147251504	Direct
2006-03-09	47-Common Stock	S	1500	$56.92	Disposed	147250004	Direct
2006-03-09	48-Common Stock	S	700	$56.91	Disposed	147249304	Direct
2006-03-09	49-Common Stock	S	700	$56.90	Disposed	147248604	Direct
2006-03-09	50-Common Stock	S	2100	$56.89	Disposed	147246504	Direct
2006-03-09	51-Common Stock	S	700	$56.88	Disposed	147245804	Direct