ELI LILLY & Co — Director's Dealing 2008

Aug 25, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2008-08-22

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-22	91-Common Stock	S	2300	$48.11	Disposed	136248304	Direct
2008-08-22	92-Common Stock	S	300	$48.12	Disposed	136248004	Direct
2008-08-22	93-Common Stock	S	700	$48.12	Disposed	136247304	Direct
2008-08-22	94-Common Stock	S	100	$48.13	Disposed	136247204	Direct
2008-08-22	95-Common Stock	S	1300	$48.14	Disposed	136245904	Direct
2008-08-22	96-Common Stock	S	100	$48.15	Disposed	136245804	Direct