ELI LILLY & Co — Director's Dealing 2008

Aug 13, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2008-08-12

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-12	61-Common Stock	S	500	$49.59	Disposed	136568104	Direct
2008-08-12	62-Common Stock	S	2100	$49.59	Disposed	136566004	Direct
2008-08-12	63-Common Stock	S	600	$49.60	Disposed	136565404	Direct
2008-08-12	64-Common Stock	S	2600	$49.60	Disposed	136562804	Direct
2008-08-12	65-Common Stock	S	800	$49.61	Disposed	136562004	Direct
2008-08-12	66-Common Stock	S	700	$49.62	Disposed	136561304	Direct
2008-08-12	67-Common Stock	S	200	$49.62	Disposed	136561104	Direct
2008-08-12	68-Common Stock	S	500	$49.63	Disposed	136560604	Direct
2008-08-12	69-Common Stock	S	1400	$49.63	Disposed	136559204	Direct
2008-08-12	70-Common Stock	S	400	$49.64	Disposed	136558804	Direct
2008-08-12	71-Common Stock	S	1705	$49.64	Disposed	136557099	Direct
2008-08-12	72-Common Stock	S	400	$49.65	Disposed	136556699	Direct
2008-08-12	73-Common Stock	S	800	$49.65	Disposed	136555899	Direct
2008-08-12	74-Common Stock	S	700	$49.66	Disposed	136555199	Direct
2008-08-12	75-Common Stock	S	1495	$49.67	Disposed	136553704	Direct
2008-08-12	76-Common Stock	S	100	$49.68	Disposed	136553604	Direct
2008-08-12	77-Common Stock	S	600	$49.68	Disposed	136553004	Direct
2008-08-12	78-Common Stock	S	100	$49.69	Disposed	136552904	Direct
2008-08-12	79-Common Stock	S	200	$49.70	Disposed	136552704	Direct
2008-08-12	80-Common Stock	S	100	$49.71	Disposed	136552604	Direct
2008-08-12	81-Common Stock	S	300	$49.72	Disposed	136552304	Direct
2008-08-12	82-Common Stock	S	500	$49.73	Disposed	136551804	Direct
2008-08-12	83-Common Stock	S	300	$49.74	Disposed	136551504	Direct
2008-08-12	84-Common Stock	S	300	$49.75	Disposed	136551204	Direct
2008-08-12	85-Common Stock	S	100	$49.76	Disposed	136551104	Direct
2008-08-12	86-Common Stock	S	300	$49.77	Disposed	136550804	Direct