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	1-Common Stock	S	1700	$59.12	Disposed	139989104	Direct
2007-04-25	2-Common Stock	S	1000	$59.13	Disposed	139988104	Direct
2007-04-25	3-Common Stock	S	2300	$59.14	Disposed	139985804	Direct
2007-04-25	4-Common Stock	S	3100	$59.15	Disposed	139982704	Direct
2007-04-25	5-Common Stock	S	4200	$59.16	Disposed	139978504	Direct
2007-04-25	6-Common Stock	S	8600	$59.17	Disposed	139969904	Direct
2007-04-25	7-Common Stock	S	3000	$59.18	Disposed	139966904	Direct
2007-04-25	8-Common Stock	S	5900	$59.19	Disposed	139961004	Direct
2007-04-25	9-Common Stock	S	9500	$59.20	Disposed	139951504	Direct
2007-04-25	10-Common Stock	S	9700	$59.21	Disposed	139941804	Direct
2007-04-25	11-Common Stock	S	3400	$59.22	Disposed	139938404	Direct
2007-04-25	12-Common Stock	S	4100	$59.23	Disposed	139934304	Direct
2007-04-25	13-Common Stock	S	900	$59.24	Disposed	139933404	Direct
2007-04-25	14-Common Stock	S	2700	$59.25	Disposed	139930704	Direct
2007-04-25	15-Common Stock	S	3000	$59.26	Disposed	139927704	Direct
2007-04-25	16-Common Stock	S	4000	$59.27	Disposed	139923704	Direct
2007-04-25	17-Common Stock	S	1900	$59.28	Disposed	139921804	Direct
2007-04-25	18-Common Stock	S	1900	$59.29	Disposed	139919904	Direct
2007-04-25	19-Common Stock	S	1900	$59.30	Disposed	139918004	Direct
2007-04-25	20-Common Stock	S	700	$59.31	Disposed	139917304	Direct
2007-04-25	21-Common Stock	S	800	$59.32	Disposed	139916504	Direct
2007-04-25	22-Common Stock	S	1600	$59.33	Disposed	139914904	Direct
2007-04-25	23-Common Stock	S	3800	$59.34	Disposed	139911104	Direct
2007-04-25	24-Common Stock	S	2260	$59.35	Disposed	139908844	Direct
2007-04-25	25-Common Stock	S	1240	$59.36	Disposed	139907604	Direct
2007-04-25	26-Common Stock	S	1000	$59.37	Disposed	139906604	Direct
2007-04-25	27-Common Stock	S	2800	$59.38	Disposed	139903804	Direct
2007-04-25	28-Common Stock	S	700	$59.39	Disposed	139903104	Direct
2007-04-25	29-Common Stock	S	1400	$59.40	Disposed	139901704	Direct
2007-04-25	30-Common Stock	S	1000	$59.42	Disposed	139900704	Direct