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: 2008-08-11

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-11	91-Common Stock	S	200	$49.30	Disposed	136675004	Direct
2008-08-11	92-Common Stock	S	1100	$49.30	Disposed	136673904	Direct
2008-08-11	93-Common Stock	S	900	$49.31	Disposed	136673004	Direct
2008-08-11	94-Common Stock	S	100	$49.32	Disposed	136672904	Direct
2008-08-11	95-Common Stock	S	600	$49.32	Disposed	136672304	Direct
2008-08-11	96-Common Stock	S	700	$49.33	Disposed	136671604	Direct
2008-08-11	97-Common Stock	S	1300	$49.34	Disposed	136670304	Direct
2008-08-11	98-Common Stock	S	1300	$49.35	Disposed	136669004	Direct
2008-08-11	99-Common Stock	S	300	$49.36	Disposed	136668704	Direct
2008-08-11	100-Common Stock	S	700	$49.37	Disposed	136668004	Direct
2008-08-11	101-Common Stock	S	100	$49.38	Disposed	136667904	Direct
2008-08-11	102-Common Stock	S	1100	$49.38	Disposed	136666804	Direct
2008-08-11	103-Common Stock	S	200	$49.39	Disposed	136666604	Direct
2008-08-11	104-Common Stock	S	1900	$49.39	Disposed	136664704	Direct
2008-08-11	105-Common Stock	S	1200	$49.40	Disposed	136663504	Direct
2008-08-11	106-Common Stock	S	500	$49.41	Disposed	136663004	Direct
2008-08-11	107-Common Stock	S	300	$49.42	Disposed	136662704	Direct
2008-08-11	108-Common Stock	S	300	$49.43	Disposed	136662404	Direct
2008-08-11	109-Common Stock	S	400	$49.44	Disposed	136662004	Direct
2008-08-11	110-Common Stock	S	200	$49.45	Disposed	136661804	Direct
2008-08-11	111-Common Stock	S	200	$49.46	Disposed	136661604	Direct
2008-08-11	112-Common Stock	S	500	$49.47	Disposed	136661104	Direct
2008-08-11	113-Common Stock	S	200	$49.50	Disposed	136660904	Direct
2008-08-11	114-Common Stock	S	100	$49.54	Disposed	136660804	Direct