X0202 4 2007-01-17 0 0000059478 LILLY ELI & CO LLY 0001016844 TAUREL SIDNEY LILLY CORPORATE CENTER INDIANAPOLIS IN 46285 1 1 0 0 Chairman and CEO Common Stock 2007-01-17 4 A 0 96120 52.86 A 685466 D Common Stock 16229 I 401(k) Common Stock 1290 I by child, A. Taurel Common Stock 1290 I by child, O. Taurel Common Stock 1290 I by child, P. Taurel Common Stock 100000 I by wife, K. Taurel Common Stock 95623 I Family Limited Partnership 1 Common Stock 88150 I S. Taurel Waterfield 2002 GRAT Common Stock 14278 I ST Family Investment GRAT II U/A DTD 11/22/05 Common Stock 44969 I ST Grantor Retained Annuity Trust U/A 11/22/05 Common Stock 90784 I S. Taurel Waterfield 2005 GRAT Reporting person disclaims beneficial ownership of these shares. Held by Family Limited Partnership 1 in which reporting person is sole general partner. Reporting person, his wife, children, and a trust for the benefit of his grandchildren have limited interests, and reporting person disclaims beneficial ownership in the shares held by the partnership except to the extent of his pecuniary interest therein. Grantor retained annuity trust established by reporting person. Reporting person is trustee. James B. Lootens for Sidney Taurel, authorization on file 2007-01-19