ELI LILLY & Co — Director's Dealing 2007

Apr 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-04-24

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-24	1-Common Stock	S	100	$58.91	Disposed	140100704	Direct
2007-04-24	2-Common Stock	S	200	$58.92	Disposed	140100504	Direct
2007-04-24	3-Common Stock	S	200	$58.93	Disposed	140100304	Direct
2007-04-24	4-Common Stock	S	100	$58.94	Disposed	140100204	Direct
2007-04-24	5-Common Stock	S	1700	$58.95	Disposed	140098504	Direct
2007-04-24	6-Common Stock	S	1000	$58.96	Disposed	140097504	Direct
2007-04-24	7-Common Stock	S	1400	$58.97	Disposed	140096104	Direct
2007-04-24	8-Common Stock	S	1000	$58.98	Disposed	140095104	Direct
2007-04-24	9-Common Stock	S	1200	$58.99	Disposed	140093904	Direct
2007-04-24	10-Common Stock	S	1400	$59.00	Disposed	140092504	Direct
2007-04-24	11-Common Stock	S	1500	$59.01	Disposed	140091004	Direct
2007-04-24	12-Common Stock	S	1000	$59.02	Disposed	140090004	Direct
2007-04-24	13-Common Stock	S	700	$59.03	Disposed	140089304	Direct
2007-04-24	14-Common Stock	S	500	$59.04	Disposed	140088804	Direct
2007-04-24	15-Common Stock	S	1600	$59.05	Disposed	140087204	Direct
2007-04-24	16-Common Stock	S	1000	$59.06	Disposed	140086204	Direct
2007-04-24	17-Common Stock	S	300	$59.07	Disposed	140085904	Direct
2007-04-24	18-Common Stock	S	700	$59.09	Disposed	140085204	Direct
2007-04-24	19-Common Stock	S	2100	$59.10	Disposed	140083104	Direct
2007-04-24	20-Common Stock	S	700	$59.11	Disposed	140082404	Direct
2007-04-24	21-Common Stock	S	400	$59.12	Disposed	140082004	Direct
2007-04-24	22-Common Stock	S	1100	$59.13	Disposed	140080904	Direct
2007-04-24	23-Common Stock	S	900	$59.14	Disposed	140080004	Direct
2007-04-24	24-Common Stock	S	3100	$59.15	Disposed	140076904	Direct
2007-04-24	25-Common Stock	S	967	$59.16	Disposed	140075937	Direct
2007-04-24	26-Common Stock	S	1400	$59.17	Disposed	140074537	Direct
2007-04-24	27-Common Stock	S	3200	$59.18	Disposed	140071337	Direct
2007-04-24	28-Common Stock	S	3900	$59.19	Disposed	140067437	Direct
2007-04-24	29-Common Stock	S	4600	$59.20	Disposed	140062837	Direct
2007-04-24	30-Common Stock	S	5800	$59.21	Disposed	140057037	Direct