ELI LILLY & Co — Director's Dealing 2008

Aug 26, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2008-08-25

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-25	61-Common Stock	S	100	$47.67	Disposed	136163604	Direct
2008-08-25	62-Common Stock	S	100	$47.68	Disposed	136163504	Direct
2008-08-25	63-Common Stock	S	100	$47.69	Disposed	136163404	Direct
2008-08-25	64-Common Stock	S	900	$47.71	Disposed	136162504	Direct
2008-08-25	65-Common Stock	S	800	$47.72	Disposed	136161704	Direct
2008-08-25	66-Common Stock	S	600	$47.73	Disposed	136161104	Direct
2008-08-25	67-Common Stock	S	700	$47.74	Disposed	136160404	Direct
2008-08-25	68-Common Stock	S	300	$47.75	Disposed	136160104	Direct
2008-08-25	69-Common Stock	S	300	$47.76	Disposed	136159804	Direct
2008-08-25	70-Common Stock	S	1100	$47.77	Disposed	136158704	Direct
2008-08-25	71-Common Stock	S	1800	$47.78	Disposed	136156904	Direct
2008-08-25	72-Common Stock	S	1400	$47.79	Disposed	136155504	Direct
2008-08-25	73-Common Stock	S	200	$47.80	Disposed	136155304	Direct
2008-08-25	74-Common Stock	S	300	$47.81	Disposed	136155004	Direct
2008-08-25	75-Common Stock	S	1000	$47.82	Disposed	136154004	Direct
2008-08-25	76-Common Stock	S	2300	$47.83	Disposed	136151704	Direct
2008-08-25	77-Common Stock	S	1000	$47.84	Disposed	136150704	Direct
2008-08-25	78-Common Stock	S	2400	$47.85	Disposed	136148304	Direct
2008-08-25	79-Common Stock	S	100	$47.86	Disposed	136148204	Direct
2008-08-25	80-Common Stock	S	1700	$47.87	Disposed	136146504	Direct
2008-08-25	81-Common Stock	S	500	$47.88	Disposed	136146004	Direct
2008-08-25	82-Common Stock	S	200	$47.89	Disposed	136145804	Direct
2008-08-25	83-Common Stock	S	400	$47.91	Disposed	136145404	Direct
2008-08-25	84-Common Stock	S	100	$47.92	Disposed	136145304	Direct
2008-08-25	85-Common Stock	S	100	$47.94	Disposed	136145204	Direct
2008-08-25	86-Common Stock	S	200	$47.95	Disposed	136145004	Direct
2008-08-25	87-Common Stock	S	700	$47.96	Disposed	136144304	Direct
2008-08-25	88-Common Stock	S	600	$47.97	Disposed	136143704	Direct
2008-08-25	89-Common Stock	S	900	$47.98	Disposed	136142804	Direct
2008-08-25	90-Common Stock	S	700	$47.99	Disposed	136142104	Direct