ELI LILLY & Co — Director's Dealing 2007

Apr 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2007-04-19

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-19	31-Common Stock	S	400	$59.75	Disposed	140319504	Direct
2007-04-19	32-Common Stock	S	600	$59.77	Disposed	140318904	Direct
2007-04-19	33-Common Stock	S	400	$59.79	Disposed	140318504	Direct
2007-04-19	34-Common Stock	S	300	$59.80	Disposed	140318204	Direct
2007-04-19	35-Common Stock	S	500	$59.81	Disposed	140317704	Direct
2007-04-19	36-Common Stock	S	1200	$59.82	Disposed	140316504	Direct
2007-04-19	37-Common Stock	S	100	$59.83	Disposed	140316404	Direct
2007-04-19	38-Common Stock	S	200	$59.84	Disposed	140316204	Direct
2007-04-19	39-Common Stock	S	1200	$59.85	Disposed	140315004	Direct
2007-04-19	40-Common Stock	S	1400	$59.86	Disposed	140313604	Direct
2007-04-19	41-Common Stock	S	1000	$59.87	Disposed	140312604	Direct
2007-04-19	42-Common Stock	S	700	$59.88	Disposed	140311904	Direct
2007-04-19	43-Common Stock	S	2100	$59.89	Disposed	140309804	Direct
2007-04-19	44-Common Stock	S	2900	$59.90	Disposed	140306904	Direct
2007-04-19	45-Common Stock	S	1800	$59.91	Disposed	140305104	Direct
2007-04-19	46-Common Stock	S	2300	$59.92	Disposed	140302804	Direct
2007-04-19	47-Common Stock	S	2200	$59.93	Disposed	140300604	Direct
2007-04-19	48-Common Stock	S	3500	$59.94	Disposed	140297104	Direct
2007-04-19	49-Common Stock	S	4000	$59.95	Disposed	140293104	Direct
2007-04-19	50-Common Stock	S	2200	$59.96	Disposed	140290904	Direct
2007-04-19	51-Common Stock	S	1400	$59.97	Disposed	140289504	Direct
2007-04-19	52-Common Stock	S	4600	$59.98	Disposed	140284904	Direct
2007-04-19	53-Common Stock	S	1700	$59.99	Disposed	140283204	Direct
2007-04-19	54-Common Stock	S	2500	$60.00	Disposed	140280704	Direct
2007-04-19	55-Common Stock	S	1600	$60.01	Disposed	140279104	Direct
2007-04-19	56-Common Stock	S	6400	$60.02	Disposed	140272704	Direct
2007-04-19	57-Common Stock	S	1400	$60.03	Disposed	140271304	Direct
2007-04-19	58-Common Stock	S	3400	$60.04	Disposed	140267904	Direct
2007-04-19	59-Common Stock	S	2700	$60.05	Disposed	140265204	Direct
2007-04-19	60-Common Stock	S	1300	$60.06	Disposed	140263904	Direct