ELI LILLY & Co — Director's Dealing 2011

Jan 31, 2011

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: LILLY ELI & CO (LLY)
CIK: 0000059478
Period of Report: 2010-12-31

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-15	Common Stock	G	3738	$0.00	Acquired	14328	Indirect
2010-03-15	Common Stock	G	3738	$0.00	Disposed	11356	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2123	Indirect

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.