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: 2008-08-08

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-08	61-Common Stock	S	100	$48.49	Disposed	136759404	Direct
2008-08-08	62-Common Stock	S	5380	$48.49	Disposed	136754024	Direct
2008-08-08	63-Common Stock	S	100	$48.50	Disposed	136753924	Direct
2008-08-08	64-Common Stock	S	4200	$48.50	Disposed	136749724	Direct
2008-08-08	65-Common Stock	S	100	$48.51	Disposed	136749624	Direct
2008-08-08	66-Common Stock	S	6300	$48.51	Disposed	136743324	Direct
2008-08-08	67-Common Stock	S	1220	$48.52	Disposed	136742104	Direct
2008-08-08	68-Common Stock	S	100	$48.53	Disposed	136742004	Direct
2008-08-08	69-Common Stock	S	700	$48.53	Disposed	136741304	Direct
2008-08-08	70-Common Stock	S	100	$48.54	Disposed	136741204	Direct
2008-08-08	71-Common Stock	S	400	$48.54	Disposed	136740804	Direct