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: 2008-08-05

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-05	91-Common Stock	S	100	$47.85	Disposed	136960704	Direct
2008-08-05	92-Common Stock	S	300	$47.85	Disposed	136960404	Direct
2008-08-05	93-Common Stock	S	100	$47.86	Disposed	136960304	Direct
2008-08-05	94-Common Stock	S	1000	$47.86	Disposed	136959304	Direct
2008-08-05	95-Common Stock	S	200	$47.88	Disposed	136959104	Direct
2008-08-05	96-Common Stock	S	2594	$47.88	Disposed	136956510	Direct
2008-08-05	97-Common Stock	S	300	$47.89	Disposed	136956210	Direct
2008-08-05	98-Common Stock	S	606	$47.89	Disposed	136955604	Direct
2008-08-05	99-Common Stock	S	900	$47.90	Disposed	136954704	Direct
2008-08-05	100-Common Stock	S	600	$47.91	Disposed	136954104	Direct
2008-08-05	101-Common Stock	S	1100	$47.92	Disposed	136953004	Direct
2008-08-05	102-Common Stock	S	100	$47.93	Disposed	136952904	Direct
2008-08-05	103-Common Stock	S	100	$47.94	Disposed	136952804	Direct
2008-08-05	104-Common Stock	S	3900	$47.94	Disposed	136948904	Direct
2008-08-05	105-Common Stock	S	2100	$47.95	Disposed	136946804	Direct
2008-08-05	106-Common Stock	S	500	$47.98	Disposed	136946304	Direct
2008-08-05	107-Common Stock	S	500	$47.99	Disposed	136945804	Direct