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: 2008-08-06

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-06	91-Common Stock	S	5600	$48.18	Disposed	136869404	Direct
2008-08-06	92-Common Stock	S	400	$48.19	Disposed	136869004	Direct
2008-08-06	93-Common Stock	S	600	$48.19	Disposed	136868404	Direct
2008-08-06	94-Common Stock	S	200	$48.20	Disposed	136868204	Direct
2008-08-06	95-Common Stock	S	1090	$48.20	Disposed	136867114	Direct
2008-08-06	96-Common Stock	S	1218	$48.21	Disposed	136865896	Direct
2008-08-06	97-Common Stock	S	400	$48.22	Disposed	136865496	Direct
2008-08-06	98-Common Stock	S	1492	$48.22	Disposed	136864004	Direct
2008-08-06	99-Common Stock	S	1000	$48.23	Disposed	136863004	Direct
2008-08-06	100-Common Stock	S	1200	$48.24	Disposed	136861804	Direct
2008-08-06	101-Common Stock	S	300	$48.25	Disposed	136861504	Direct
2008-08-06	102-Common Stock	S	400	$48.25	Disposed	136861104	Direct
2008-08-06	103-Common Stock	S	700	$48.26	Disposed	136860404	Direct
2008-08-06	104-Common Stock	S	400	$48.27	Disposed	136860004	Direct
2008-08-06	105-Common Stock	S	100	$48.28	Disposed	136859904	Direct
2008-08-06	106-Common Stock	S	1200	$48.29	Disposed	136858704	Direct
2008-08-06	107-Common Stock	S	800	$48.30	Disposed	136857904	Direct
2008-08-06	108-Common Stock	S	200	$48.31	Disposed	136857704	Direct
2008-08-06	109-Common Stock	S	200	$48.32	Disposed	136857504	Direct
2008-08-06	110-Common Stock	S	600	$48.32	Disposed	136856904	Direct
2008-08-06	111-Common Stock	S	300	$48.33	Disposed	136856604	Direct
2008-08-06	112-Common Stock	S	500	$48.33	Disposed	136856104	Direct
2008-08-06	113-Common Stock	S	200	$48.34	Disposed	136855904	Direct
2008-08-06	114-Common Stock	S	100	$48.35	Disposed	136855804	Direct