ELI LILLY & Co - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-05-18

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-18	31-Common Stock	S	8500	$59.38	Disposed	138422804	Direct
2007-05-18	32-Common Stock	S	7400	$59.39	Disposed	138415404	Direct
2007-05-18	33-Common Stock	S	4700	$59.40	Disposed	138410704	Direct
2007-05-18	34-Common Stock	S	8894	$59.41	Disposed	138401810	Direct
2007-05-18	35-Common Stock	S	2000	$59.42	Disposed	138399810	Direct
2007-05-18	36-Common Stock	S	9000	$59.43	Disposed	138390810	Direct
2007-05-18	37-Common Stock	S	6700	$59.44	Disposed	138384110	Direct
2007-05-18	38-Common Stock	S	3500	$59.45	Disposed	138380610	Direct
2007-05-18	39-Common Stock	S	2887	$59.46	Disposed	138377723	Direct
2007-05-18	40-Common Stock	S	1906	$59.47	Disposed	138375817	Direct
2007-05-18	41-Common Stock	S	2100	$59.48	Disposed	138373717	Direct
2007-05-18	42-Common Stock	S	2913	$59.49	Disposed	138370804	Direct
2007-05-18	43-Common Stock	S	2404	$59.50	Disposed	138368400	Direct
2007-05-18	44-Common Stock	S	700	$59.51	Disposed	138367700	Direct
2007-05-18	45-Common Stock	S	596	$59.52	Disposed	138367104	Direct
2007-05-18	46-Common Stock	S	100	$59.53	Disposed	138367004	Direct
2007-05-18	47-Common Stock	S	300	$59.54	Disposed	138366704	Direct
2007-05-18	48-Common Stock	S	400	$59.55	Disposed	138366304	Direct
2007-05-18	49-Common Stock	S	300	$59.56	Disposed	138366004	Direct
2007-05-18	50-Common Stock	S	200	$59.58	Disposed	138365804	Direct