ELI LILLY & Co — Director's Dealing 2007

Apr 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-04-25

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-25	31-Common Stock	S	1500	$59.43	Disposed	139899204	Direct
2007-04-25	32-Common Stock	S	3097	$59.44	Disposed	139896107	Direct
2007-04-25	33-Common Stock	S	4303	$59.45	Disposed	139891804	Direct
2007-04-25	34-Common Stock	S	6100	$59.46	Disposed	139885704	Direct
2007-04-25	35-Common Stock	S	3500	$59.47	Disposed	139882204	Direct
2007-04-25	36-Common Stock	S	1300	$59.48	Disposed	139880904	Direct
2007-04-25	37-Common Stock	S	4900	$59.49	Disposed	139876004	Direct
2007-04-25	38-Common Stock	S	1400	$59.50	Disposed	139874604	Direct
2007-04-25	39-Common Stock	S	8800	$59.51	Disposed	139865804	Direct