ELI LILLY & Co — Director's Dealing 2009

Jan 29, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2009-01-27

Reporting Person: Azar Alex M II (Sr. VP, Corp. Affairs & Comm.)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-27	Restricted Stock Unit	$	A	17084	Acquired	2010-02-01	Common Stock (17084)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Eli Lilly and Company common stock.