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: 2007-05-15

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-15	31-Common Stock	S	4800	$59.45	Disposed	138671004	Direct
2007-05-15	32-Common Stock	S	3000	$59.46	Disposed	138668004	Direct
2007-05-15	33-Common Stock	S	1826	$59.47	Disposed	138666178	Direct
2007-05-15	34-Common Stock	S	2600	$59.48	Disposed	138663578	Direct
2007-05-15	35-Common Stock	S	3500	$59.49	Disposed	138660078	Direct
2007-05-15	36-Common Stock	S	7450	$59.50	Disposed	138652628	Direct
2007-05-15	37-Common Stock	S	4574	$59.51	Disposed	138648054	Direct
2007-05-15	38-Common Stock	S	2700	$59.52	Disposed	138645354	Direct
2007-05-15	39-Common Stock	S	1200	$59.53	Disposed	138644154	Direct
2007-05-15	40-Common Stock	S	4600	$59.54	Disposed	138639554	Direct
2007-05-15	41-Common Stock	S	1400	$59.55	Disposed	138638154	Direct
2007-05-15	42-Common Stock	S	1750	$59.56	Disposed	138636404	Direct
2007-05-15	43-Common Stock	S	200	$59.57	Disposed	138636204	Direct
2007-05-15	44-Common Stock	S	400	$59.58	Disposed	138635804	Direct