ELI LILLY & Co — Director's Dealing 2007

Apr 27, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-04-26

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-26	1-Common Stock	S	700	$59.47	Disposed	139865104	Direct
2007-04-26	2-Common Stock	S	800	$59.48	Disposed	139864304	Direct
2007-04-26	3-Common Stock	S	3400	$59.49	Disposed	139860904	Direct
2007-04-26	4-Common Stock	S	4400	$59.50	Disposed	139856504	Direct
2007-04-26	5-Common Stock	S	2400	$59.51	Disposed	139854104	Direct
2007-04-26	6-Common Stock	S	4400	$59.52	Disposed	139849704	Direct
2007-04-26	7-Common Stock	S	1000	$59.53	Disposed	139848704	Direct
2007-04-26	8-Common Stock	S	6800	$59.54	Disposed	139841904	Direct
2007-04-26	9-Common Stock	S	6000	$59.55	Disposed	139835904	Direct
2007-04-26	10-Common Stock	S	5100	$59.56	Disposed	139830804	Direct
2007-04-26	11-Common Stock	S	1000	$59.57	Disposed	139829804	Direct
2007-04-26	12-Common Stock	S	300	$59.59	Disposed	139829504	Direct
2007-04-26	13-Common Stock	S	300	$59.60	Disposed	139829204	Direct
2007-04-26	14-Common Stock	S	100	$59.63	Disposed	139829104	Direct
2007-04-26	15-Common Stock	S	300	$59.64	Disposed	139828804	Direct
2007-04-26	16-Common Stock	S	800	$59.65	Disposed	139828004	Direct
2007-04-26	17-Common Stock	S	600	$59.68	Disposed	139827404	Direct
2007-04-26	18-Common Stock	S	3400	$59.69	Disposed	139824004	Direct
2007-04-26	19-Common Stock	S	4300	$59.70	Disposed	139819704	Direct
2007-04-26	20-Common Stock	S	5900	$59.71	Disposed	139813804	Direct
2007-04-26	21-Common Stock	S	6600	$59.72	Disposed	139807204	Direct
2007-04-26	22-Common Stock	S	8400	$59.73	Disposed	139798804	Direct
2007-04-26	23-Common Stock	S	3400	$59.74	Disposed	139795404	Direct
2007-04-26	24-Common Stock	S	4200	$59.75	Disposed	139791204	Direct
2007-04-26	25-Common Stock	S	2300	$59.76	Disposed	139788904	Direct
2007-04-26	26-Common Stock	S	3000	$59.77	Disposed	139785904	Direct
2007-04-26	27-Common Stock	S	1900	$59.78	Disposed	139784004	Direct
2007-04-26	28-Common Stock	S	2900	$59.79	Disposed	139781104	Direct
2007-04-26	29-Common Stock	S	2408	$59.80	Disposed	139778696	Direct
2007-04-26	30-Common Stock	S	800	$59.81	Disposed	139777896	Direct