ELI LILLY & Co — Director's Dealing 2007

Apr 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-04-20

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-20	1-Common Stock	S	200	$60.09	Disposed	140250604	Direct
2007-04-20	2-Common Stock	S	700	$60.10	Disposed	140249904	Direct
2007-04-20	3-Common Stock	S	2000	$60.11	Disposed	140247904	Direct
2007-04-20	4-Common Stock	S	600	$60.12	Disposed	140247304	Direct
2007-04-20	5-Common Stock	S	600	$60.13	Disposed	140246704	Direct
2007-04-20	6-Common Stock	S	400	$60.14	Disposed	140246304	Direct
2007-04-20	7-Common Stock	S	1800	$60.15	Disposed	140244504	Direct
2007-04-20	8-Common Stock	S	800	$60.16	Disposed	140243704	Direct
2007-04-20	9-Common Stock	S	700	$60.17	Disposed	140243004	Direct
2007-04-20	10-Common Stock	S	400	$60.18	Disposed	140242604	Direct
2007-04-20	11-Common Stock	S	100	$60.19	Disposed	140242504	Direct
2007-04-20	12-Common Stock	S	1100	$60.20	Disposed	140241404	Direct
2007-04-20	13-Common Stock	S	1400	$60.21	Disposed	140240004	Direct
2007-04-20	14-Common Stock	S	700	$60.22	Disposed	140239304	Direct
2007-04-20	15-Common Stock	S	1200	$60.23	Disposed	140238104	Direct
2007-04-20	16-Common Stock	S	2300	$60.24	Disposed	140235804	Direct
2007-04-20	17-Common Stock	S	2240	$60.25	Disposed	140233564	Direct
2007-04-20	18-Common Stock	S	4360	$60.26	Disposed	140229204	Direct
2007-04-20	19-Common Stock	S	500	$60.27	Disposed	140228704	Direct
2007-04-20	20-Common Stock	S	4600	$60.28	Disposed	140224104	Direct
2007-04-20	21-Common Stock	S	3700	$60.29	Disposed	140220404	Direct
2007-04-20	22-Common Stock	S	5500	$60.30	Disposed	140214904	Direct
2007-04-20	23-Common Stock	S	1500	$60.31	Disposed	140213404	Direct
2007-04-20	24-Common Stock	S	5900	$60.32	Disposed	140207504	Direct
2007-04-20	25-Common Stock	S	6600	$60.33	Disposed	140200904	Direct
2007-04-20	26-Common Stock	S	8400	$60.34	Disposed	140192504	Direct
2007-04-20	27-Common Stock	S	2600	$60.35	Disposed	140189904	Direct
2007-04-20	28-Common Stock	S	4400	$60.36	Disposed	140185504	Direct
2007-04-20	29-Common Stock	S	5800	$60.37	Disposed	140179704	Direct
2007-04-20	30-Common Stock	S	3746	$60.38	Disposed	140175958	Direct