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
2007-09-05	1-Common Stock	S	1000	$57.13	Disposed	137634804	Direct
2007-09-05	2-Common Stock	S	1000	$57.14	Disposed	137633804	Direct
2007-09-05	3-Common Stock	S	2600	$57.15	Disposed	137631204	Direct
2007-09-05	4-Common Stock	S	700	$57.16	Disposed	137630504	Direct
2007-09-05	5-Common Stock	S	1200	$57.17	Disposed	137629304	Direct
2007-09-05	6-Common Stock	S	400	$57.18	Disposed	137628904	Direct
2007-09-05	7-Common Stock	S	1700	$57.19	Disposed	137627204	Direct
2007-09-05	8-Common Stock	S	1400	$57.20	Disposed	137625804	Direct
2007-09-05	9-Common Stock	S	1500	$57.21	Disposed	137624304	Direct
2007-09-05	10-Common Stock	S	1800	$57.22	Disposed	137622504	Direct
2007-09-05	11-Common Stock	S	1100	$57.23	Disposed	137621404	Direct
2007-09-05	12-Common Stock	S	1400	$57.24	Disposed	137620004	Direct
2007-09-05	13-Common Stock	S	1100	$57.25	Disposed	137618904	Direct
2007-09-05	14-Common Stock	S	1300	$57.26	Disposed	137617604	Direct
2007-09-05	15-Common Stock	S	1170	$57.27	Disposed	137616434	Direct
2007-09-05	16-Common Stock	S	800	$57.28	Disposed	137615634	Direct
2007-09-05	17-Common Stock	S	8800	$57.29	Disposed	137606834	Direct
2007-09-05	18-Common Stock	S	2008	$57.30	Disposed	137604826	Direct
2007-09-05	19-Common Stock	S	3422	$57.31	Disposed	137601404	Direct
2007-09-05	20-Common Stock	S	3300	$57.32	Disposed	137598104	Direct
2007-09-05	21-Common Stock	S	1800	$57.33	Disposed	137596304	Direct
2007-09-05	22-Common Stock	S	1400	$57.34	Disposed	137594904	Direct
2007-09-05	23-Common Stock	S	1900	$57.35	Disposed	137593004	Direct
2007-09-05	24-Common Stock	S	3200	$57.36	Disposed	137589804	Direct
2007-09-05	25-Common Stock	S	2700	$57.37	Disposed	137587104	Direct
2007-09-05	26-Common Stock	S	2600	$57.38	Disposed	137584504	Direct
2007-09-05	27-Common Stock	S	4100	$57.39	Disposed	137580404	Direct
2007-09-05	28-Common Stock	S	2300	$57.40	Disposed	137578104	Direct
2007-09-05	29-Common Stock	S	4100	$57.41	Disposed	137574004	Direct
2007-09-05	30-Common Stock	S	4800	$57.42	Disposed	137569204	Direct