X0201 3 2004-01-01 0 0000059478 LILLY ELI & CO LLY 0001276038 SANTINI GINO LILLY CORPORATE CENTER INDIANAPOLIS IN 46285 0 1 0 0 President, US Operations Common Stock 50788.00 D Common Stock 1144.00 I 401(k) Common Stock 2070.00 I by daughter Common Stock 2070.00 I by son Common Stock 2292.00 I by wife Employee stock option (right to buy) 12.3125 1997-04-21 2004-04-20 Common Stock 15880.00 D Employee stock option (right to buy) 14.6575 1997-10-17 2004-10-15 Common Stock 16000.00 D Employee stock option (right to buy) 23.4075 1998-10-16 2005-10-14 Common Stock 27728.00 D Employee stock option (right to buy) 34.595 1999-10-21 2006-10-20 Common Stock 13110.00 D Employee stock option (right to buy) 64.06 2000-10-20 2007-10-19 Common Stock 20000.00 D Employee stock option (right to buy) 74.2813 1998-10-19 2008-10-17 Common Stock 25000.00 D Employee Stock Option (right to buy) 66.375 2002-10-18 2009-10-16 Common Stock 46000.00 D Employee stock option (right to buy) 73.98 2004-02-20 2011-02-18 Common Stock 50600.00 D Employee stock option (right to buy) 79.28 2004-10-05 2011-10-04 Common Stock 23000.00 D Employee stock option (right to buy) 75.92 2005-02-19 2012-02-17 Common Stock 46000.00 D Employee stock option (right to buy) 57.85 2006-02-17 2013-02-15 Common Stock 50000.00 D Reporting person disclaims beneficial ownership of these shares. Gino Santini 2004-01-12