ELI LILLY & Co - Director's Dealing 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2011-07-01

Reporting Person: Walsh Fionnuala M (SVP, Global Quality)

Security	Exercise Price	Expiration	Underlying	Ownership
Employee stock option 10/01 (right to buy)	$79.28	2011-10-04	Common Stock (1100)	Direct
Employee stock option 2/02 (right to buy)	$75.92	2012-02-17	Common Stock (3700)	Direct
Employee stock option 2/03 (right to buy)	$57.85	2013-02-15	Common Stock (8500)	Direct
Employee stock option 2/03 (right to buy)	$57.85	2013-02-15	Common Stock (3500)	Indirect
Employee stock option 2/04 (right to buy)	$73.11	2014-02-14	Common Stock (5600)	Indirect
Employee stock option 2/04 (right to buy)	$73.11	2014-02-14	Common Stock (10700)	Direct
Employee stock option 2/05 (right to buy)	$55.65	2015-02-10	Common Stock (9586)	Direct
Employee stock option 2/05 (right to buy)	$55.65	2015-02-10	Common Stock (5680)	Indirect
Employee stock option 2/06 (right to buy)	$56.18	2016-02-09	Common Stock (5271)	Indirect
Employee stock option 2/06 (right to buy)	$56.18	2016-02-09	Common Stock (9036)	Direct
Employee stock option 6/03 (right to buy)	$63.76	2013-06-11	Common Stock (10000)	Direct
Employee stock option 7/02 (right to buy)	$54.54	2012-06-29	Common Stock (3700)	Indirect
Employee stock option 7/02 (right to buy)	$54.54	2011-10-04	Common Stock (925)	Indirect
Employee stock option 7/02 (right to buy)	$54.54	2011-10-04	Common Stock (925)	Indirect
Restricted Stock Unit	$	2016-08-03	Common Stock (7500)	Direct
Restricted Stock Unit	$	2019-08-03	Common Stock (7500)	Direct
Restricted Stock Unit	$	2011-10-02	Common Stock (1880)	Indirect
Restricted Stock Unit	$	2016-10-02	Common Stock (3760)	Indirect

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