ELI LILLY & Co — Director's Dealing 2009

Apr 29, 2009

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2009-04-20

Reporting Person: Nobles Anne (Chief Eth/Cmpl Ofcr & SVP, ERM)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12105	Direct
Common Stock	666	Indirect
Common Stock	8477	Indirect
Common Stock	803	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee stock option 10/01 (right to buy)	$79.28	2011-10-04	Common Stock (4250)		Direct
Employee stock option 10/99 (right to buy)	$66.375	2009-10-16	Common Stock (8500)		Direct
Employee stock option 2/01 (right to buy)	$73.98	2011-02-18	Common Stock (9350)		Direct
Employee stock option 2/02 (right to buy)	$75.92	2012-02-17	Common Stock (10000)		Direct
Employee stock option 2/03 (right to buy)	$57.85	2013-02-15	Common Stock (10700)		Direct
Employee stock option 2/04 (right to buy)	$73.11	2014-02-14	Common Stock (40000)		Direct
Employee stock option 2/05 (right to buy)	$55.65	2015-02-10	Common Stock (21763)		Direct
Employee stock option 2/06 (right to buy)	$56.18	2016-02-09	Common Stock (18825)		Direct

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.