ELI LILLY & Co — Director's Dealing 2007

Jun 5, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-06-04

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-04	1-Common Stock	S	1100	$58.94	Disposed	138049704	Direct
2007-06-04	2-Common Stock	S	1600	$58.95	Disposed	138048104	Direct
2007-06-04	3-Common Stock	S	2300	$58.96	Disposed	138045804	Direct
2007-06-04	4-Common Stock	S	2800	$58.97	Disposed	138043004	Direct
2007-06-04	5-Common Stock	S	1800	$58.98	Disposed	138041204	Direct
2007-06-04	6-Common Stock	S	4100	$58.99	Disposed	138037104	Direct
2007-06-04	7-Common Stock	S	2900	$59.00	Disposed	138034204	Direct
2007-06-04	8-Common Stock	S	2300	$59.01	Disposed	138031904	Direct
2007-06-04	9-Common Stock	S	2700	$59.02	Disposed	138029204	Direct
2007-06-04	10-Common Stock	S	2900	$59.03	Disposed	138026304	Direct
2007-06-04	11-Common Stock	S	1300	$59.04	Disposed	138025004	Direct
2007-06-04	12-Common Stock	S	2100	$59.05	Disposed	138022904	Direct
2007-06-04	13-Common Stock	S	5800	$59.06	Disposed	138017104	Direct
2007-06-04	14-Common Stock	S	12913	$59.07	Disposed	138004191	Direct
2007-06-04	15-Common Stock	S	22264	$59.08	Disposed	137981927	Direct
2007-06-04	16-Common Stock	S	4100	$59.09	Disposed	137977827	Direct
2007-06-04	17-Common Stock	S	6323	$59.10	Disposed	137971504	Direct
2007-06-04	18-Common Stock	S	3262	$59.11	Disposed	137968242	Direct
2007-06-04	19-Common Stock	S	1238	$59.12	Disposed	137967004	Direct
2007-06-04	20-Common Stock	S	5500	$59.13	Disposed	137961504	Direct
2007-06-04	21-Common Stock	S	9038	$59.14	Disposed	137952466	Direct
2007-06-04	22-Common Stock	S	5100	$59.15	Disposed	137947366	Direct
2007-06-04	23-Common Stock	S	10500	$59.16	Disposed	137936866	Direct
2007-06-04	24-Common Stock	S	2000	$59.17	Disposed	137934866	Direct
2007-06-04	25-Common Stock	S	4462	$59.18	Disposed	137930404	Direct
2007-06-04	26-Common Stock	S	2600	$59.19	Disposed	137927804	Direct
2007-06-04	27-Common Stock	S	1500	$59.20	Disposed	137926304	Direct
2007-06-04	28-Common Stock	S	500	$59.22	Disposed	137925804	Direct