X0202 4 2008-02-01 0 0000059478 LILLY ELI & CO LLY 0001237564 PAUL STEVEN M LILLY CORPORATE CENTER INDIANAPOLIS IN 46285 0 1 0 0 EVP, Science and Technology Common Stock 2008-02-01 4 F 0 11174 51.52 D 70122 D Common Stock 2008-02-04 4 S 0 700 51.49 D 69422 D Common Stock 2008-02-04 4 S 0 1900 51.50 D 67522 D Common Stock 2008-02-04 4 S 0 800 51.54 D 66722 D Common Stock 2008-02-04 4 S 0 2500 51.55 D 64222 D Common Stock 2008-02-04 4 S 0 400 51.56 D 63822 D Common Stock 2008-02-04 4 S 0 200 51.61 D 63622 D Common Stock 2008-02-04 4 S 0 6000 51.62 D 57622 D Common Stock 2008-02-04 4 S 0 100 51.64 D 57522 D Common Stock 2008-02-04 4 S 0 3722 51.65 D 53800 D Common Stock 2008-02-04 4 S 0 3500 51.66 D 50300 D Common Stock 47 I 401(k) Common Stock 579 I by daughter Common Stock 7509 I by wife Reporting person disclaims beneficial ownership of these shares. Bronwen Mantlo for Steven M. Paul, authorization on file 2008-02-05