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	1-Common Stock	S	300	$59.44	Disposed	140350504	Direct
2007-04-19	2-Common Stock	S	900	$59.45	Disposed	140349604	Direct
2007-04-19	3-Common Stock	S	300	$59.46	Disposed	140349304	Direct
2007-04-19	4-Common Stock	S	1000	$59.47	Disposed	140348304	Direct
2007-04-19	5-Common Stock	S	2800	$59.48	Disposed	140345504	Direct
2007-04-19	6-Common Stock	S	900	$59.49	Disposed	140344604	Direct
2007-04-19	7-Common Stock	S	2600	$59.50	Disposed	140342004	Direct
2007-04-19	8-Common Stock	S	2600	$59.51	Disposed	140339404	Direct
2007-04-19	9-Common Stock	S	2200	$59.52	Disposed	140337204	Direct
2007-04-19	10-Common Stock	S	1200	$59.53	Disposed	140336004	Direct
2007-04-19	11-Common Stock	S	400	$59.54	Disposed	140335604	Direct
2007-04-19	12-Common Stock	S	600	$59.55	Disposed	140335004	Direct
2007-04-19	13-Common Stock	S	1000	$59.56	Disposed	140334004	Direct
2007-04-19	14-Common Stock	S	1000	$59.57	Disposed	140333004	Direct
2007-04-19	15-Common Stock	S	600	$59.58	Disposed	140332404	Direct
2007-04-19	16-Common Stock	S	700	$59.59	Disposed	140331704	Direct
2007-04-19	17-Common Stock	S	500	$59.60	Disposed	140331204	Direct
2007-04-19	18-Common Stock	S	200	$59.61	Disposed	140331004	Direct
2007-04-19	19-Common Stock	S	800	$59.62	Disposed	140330204	Direct
2007-04-19	20-Common Stock	S	1600	$59.64	Disposed	140328604	Direct
2007-04-19	21-Common Stock	S	900	$59.65	Disposed	140327704	Direct
2007-04-19	22-Common Stock	S	900	$59.66	Disposed	140326804	Direct
2007-04-19	23-Common Stock	S	800	$59.67	Disposed	140326004	Direct
2007-04-19	24-Common Stock	S	600	$59.68	Disposed	140325404	Direct
2007-04-19	25-Common Stock	S	500	$59.69	Disposed	140324904	Direct
2007-04-19	26-Common Stock	S	600	$59.70	Disposed	140324304	Direct
2007-04-19	27-Common Stock	S	1400	$59.71	Disposed	140322904	Direct
2007-04-19	28-Common Stock	S	1000	$59.72	Disposed	140321904	Direct
2007-04-19	29-Common Stock	S	1200	$59.73	Disposed	140320704	Direct
2007-04-19	30-Common Stock	S	800	$59.74	Disposed	140319904	Direct