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: 2008-08-04

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-04	61-Common Stock	S	500	$47.55	Disposed	137092904	Direct
2008-08-04	62-Common Stock	S	1400	$47.56	Disposed	137091504	Direct
2008-08-04	63-Common Stock	S	100	$47.57	Disposed	137091404	Direct
2008-08-04	64-Common Stock	S	2900	$47.57	Disposed	137088504	Direct
2008-08-04	65-Common Stock	S	500	$47.58	Disposed	137088004	Direct
2008-08-04	66-Common Stock	S	1100	$47.58	Disposed	137086904	Direct
2008-08-04	67-Common Stock	S	100	$47.59	Disposed	137086804	Direct
2008-08-04	68-Common Stock	S	200	$47.60	Disposed	137086604	Direct
2008-08-04	69-Common Stock	S	500	$47.60	Disposed	137086104	Direct
2008-08-04	70-Common Stock	S	100	$47.61	Disposed	137086004	Direct
2008-08-04	71-Common Stock	S	200	$47.62	Disposed	137085804	Direct