ELI LILLY & Co - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2008-08-28

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-28	61-Common Stock	S	2100	$47.01	Disposed	135971504	Direct
2008-08-28	62-Common Stock	S	100	$47.02	Disposed	135971404	Direct
2008-08-28	63-Common Stock	S	1000	$47.02	Disposed	135970404	Direct
2008-08-28	64-Common Stock	S	200	$47.03	Disposed	135970204	Direct
2008-08-28	65-Common Stock	S	1000	$47.03	Disposed	135969204	Direct
2008-08-28	66-Common Stock	S	300	$47.04	Disposed	135968904	Direct
2008-08-28	67-Common Stock	S	600	$47.04	Disposed	135968304	Direct
2008-08-28	68-Common Stock	S	500	$47.05	Disposed	135967804	Direct
2008-08-28	69-Common Stock	S	200	$47.05	Disposed	135967604	Direct
2008-08-28	70-Common Stock	S	600	$47.06	Disposed	135967004	Direct
2008-08-28	71-Common Stock	S	800	$47.07	Disposed	135966204	Direct
2008-08-28	72-Common Stock	S	300	$47.08	Disposed	135965904	Direct
2008-08-28	73-Common Stock	S	100	$47.11	Disposed	135965804	Direct