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: 2008-07-28

Reporting Person: LILLY ENDOWMENT INC (10% Owner)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-28	61-Common Stock	S	500	$48.16	Disposed	137413804	Direct
2008-07-28	62-Common Stock	S	1400	$48.17	Disposed	137412404	Direct
2008-07-28	63-Common Stock	S	500	$48.18	Disposed	137411904	Direct
2008-07-28	64-Common Stock	S	600	$48.19	Disposed	137411304	Direct
2008-07-28	65-Common Stock	S	1600	$48.20	Disposed	137409704	Direct
2008-07-28	66-Common Stock	S	800	$48.21	Disposed	137408904	Direct
2008-07-28	67-Common Stock	S	1100	$48.22	Disposed	137407804	Direct
2008-07-28	68-Common Stock	S	400	$48.23	Disposed	137407404	Direct
2008-07-28	69-Common Stock	S	500	$48.24	Disposed	137406904	Direct
2008-07-28	70-Common Stock	S	400	$48.26	Disposed	137406504	Direct
2008-07-28	71-Common Stock	S	700	$48.27	Disposed	137405804	Direct