ELI LILLY & Co — Director's Dealing 2010

Jan 11, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2010-01-01

Reporting Person: Tapiero Jacques (SVP&Pres.-Emerging Markets BU)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6212	Direct
Common Stock	10590	Indirect
Common Stock	1591	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 (5000)		Direct
Employee stock option 2/01 (right to buy)	$73.98	2011-02-18	Common Stock (12000)		Direct
Employee stock option 2/02 (right to buy)	$75.92	2012-02-17	Common Stock (14000)		Direct
Employee stock option 2/03 (right to buy)	$57.85	2013-02-15	Common Stock (11000)		Direct
Employee stock option 2/04 (right to buy)	$73.11	2015-02-16	Common Stock (14000)		Direct
Employee stock option 2/05 (right to buy)	$55.65	2015-02-10	Common Stock (21302)		Direct
Employee stock option 2/06 (right to buy)	$56.18	2016-02-09	Common Stock (19578)		Direct
Resticted Stock Unit	$	2012-10-01	Common Stock (12500)		Direct
Restricted Stock Unit	$	2011-10-01	Common Stock (12500)		Direct

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.

F2: Each restricted stock unit represents a contingent right to receive one share of Eli Lilly and Company common stock.