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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-09	Common Stock	G	426	$0.00	Disposed	6990	Indirect
2010-10-25	Common Stock	G	1084	$0.00	Disposed	5906	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1440	Indirect
Common Stock	20068	Direct

Footnotes

F1: Reporting person disclaims beneficial ownership of these shares.