ELI LILLY & Co — Director's Dealing 2007

Sep 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-09-05

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-04	31-Common Stock	S	100	$57.86	Disposed	137766904	Direct
2007-09-04	32-Common Stock	S	2000	$57.87	Disposed	137764904	Direct
2007-09-04	33-Common Stock	S	200	$57.88	Disposed	137764704	Direct
2007-09-04	34-Common Stock	S	600	$57.89	Disposed	137764104	Direct
2007-09-04	35-Common Stock	S	300	$57.90	Disposed	137763804	Direct
2007-09-04	36-Common Stock	S	800	$57.92	Disposed	137763004	Direct
2007-09-04	37-Common Stock	S	300	$57.93	Disposed	137762704	Direct
2007-09-04	38-Common Stock	S	2300	$57.94	Disposed	137760404	Direct
2007-09-04	39-Common Stock	S	1300	$57.95	Disposed	137759104	Direct
2007-09-04	40-Common Stock	S	2200	$57.96	Disposed	137756904	Direct
2007-09-04	41-Common Stock	S	3000	$57.97	Disposed	137753904	Direct
2007-09-04	42-Common Stock	S	4200	$57.98	Disposed	137749704	Direct
2007-09-04	43-Common Stock	S	7442	$57.99	Disposed	137742262	Direct
2007-09-04	44-Common Stock	S	13858	$58.00	Disposed	137728404	Direct
2007-09-04	45-Common Stock	S	11700	$58.01	Disposed	137716704	Direct
2007-09-04	46-Common Stock	S	10700	$58.02	Disposed	137706004	Direct
2007-09-04	47-Common Stock	S	6791	$58.03	Disposed	137699213	Direct
2007-09-04	48-Common Stock	S	4800	$58.04	Disposed	137694413	Direct
2007-09-04	49-Common Stock	S	4600	$58.05	Disposed	137689813	Direct
2007-09-04	50-Common Stock	S	6209	$58.06	Disposed	137683604	Direct
2007-09-04	51-Common Stock	S	5000	$58.07	Disposed	137678604	Direct
2007-09-04	52-Common Stock	S	7900	$58.08	Disposed	137670704	Direct
2007-09-04	53-Common Stock	S	3500	$58.09	Disposed	137667204	Direct
2007-09-04	54-Common Stock	S	1900	$58.10	Disposed	137665304	Direct
2007-09-04	55-Common Stock	S	5200	$58.11	Disposed	137660104	Direct
2007-09-04	56-Common Stock	S	3400	$58.12	Disposed	137656704	Direct
2007-09-04	57-Common Stock	S	11300	$58.13	Disposed	137645404	Direct
2007-09-04	58-Common Stock	S	500	$58.14	Disposed	137644904	Direct
2007-09-04	59-Common Stock	S	1875	$58.15	Disposed	137643029	Direct
2007-09-04	60-Common Stock	S	3425	$58.16	Disposed	137639604	Direct