X0202 4 2007-05-15 0 0000059478 LILLY ELI & CO LLY 0000316011 LILLY ENDOWMENT INC 2801 NORTH MERIDIAN STREET INDIANAPOLIS IN 46208-0068 0 0 1 0 1-Common Stock 2007-05-15 4 S 0 2100 59.14 D 138843704 D 2-Common Stock 2007-05-15 4 S 0 2900 59.15 D 138840804 D 3-Common Stock 2007-05-15 4 S 0 1429 59.16 D 138839375 D 4-Common Stock 2007-05-15 4 S 0 2971 59.17 D 138836404 D 5-Common Stock 2007-05-15 4 S 0 5000 59.18 D 138831404 D 6-Common Stock 2007-05-15 4 S 0 4600 59.20 D 138826804 D 7-Common Stock 2007-05-15 4 S 0 6700 59.21 D 138820104 D 8-Common Stock 2007-05-15 4 S 0 5000 59.22 D 138815104 D 9-Common Stock 2007-05-15 4 S 0 2200 59.23 D 138812904 D 10-Common Stock 2007-05-15 4 S 0 12300 59.24 D 138800604 D 11-Common Stock 2007-05-15 4 S 0 5900 59.25 D 138794704 D 12-Common Stock 2007-05-15 4 S 0 3900 59.26 D 138790804 D 13-Common Stock 2007-05-15 4 S 0 7800 59.27 D 138783004 D 14-Common Stock 2007-05-15 4 S 0 7600 59.28 D 138775404 D 15-Common Stock 2007-05-15 4 S 0 10600 59.29 D 138764804 D 16-Common Stock 2007-05-15 4 S 0 5954 59.30 D 138758850 D 17-Common Stock 2007-05-15 4 S 0 9100 59.31 D 138749750 D 18-Common Stock 2007-05-15 4 S 0 11146 59.32 D 138738604 D 19-Common Stock 2007-05-15 4 S 0 5400 59.33 D 138733204 D 20-Common Stock 2007-05-15 4 S 0 6700 59.34 D 138726504 D 21-Common Stock 2007-05-15 4 S 0 5200 59.35 D 138721304 D 22-Common Stock 2007-05-15 4 S 0 7300 59.36 D 138714004 D 23-Common Stock 2007-05-15 4 S 0 4900 59.37 D 138709104 D 24-Common Stock 2007-05-15 4 S 0 2700 59.38 D 138706404 D 25-Common Stock 2007-05-15 4 S 0 4000 59.39 D 138702404 D 26-Common Stock 2007-05-15 4 S 0 6730 59.40 D 138695674 D 27-Common Stock 2007-05-15 4 S 0 7000 59.41 D 138688674 D 28-Common Stock 2007-05-15 4 S 0 5164 59.42 D 138683510 D 29-Common Stock 2007-05-15 4 S 0 4500 59.43 D 138679010 D 30-Common Stock 2007-05-15 4 S 0 3206 59.44 D 138675804 D This is the first of two Forms 4 filed by the Reporting Person on same date, May 16, 2007, representing transactions #1 through #30 of 44 total transactions. by:/s/Diane M. Stenson, Treasurer, on behalf of Lilly Endowment, Inc. 2007-05-16