ELI LILLY & Co — Director's Dealing 2011

May 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2011-04-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-04-20	Common Stock	S	12000	$35.98	Disposed	20937	Direct
2011-04-11	Common Stock	G	815	$0.00	Disposed	5091	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1714	Indirect

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.