Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
LECHLEITER JOHN C
2. Issuer Name and Ticker or Trading Symbol
LILLY ELI & CO [LLY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President and CEO
(Last)
(First)
(Middle)

LILLY CORPORATE CENTER
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2013
(Street)


INDIANAPOLIS, IN 46285
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 02/20/2013   G 19,585 D $ 0 447,465 D  
Common Stock 03/04/2013   G 457 D $ 0 447,008 D  
Common Stock 05/10/2013   G 8,250 D $ 0 438,758 D  
Common Stock 05/14/2013   G 9,969 D $ 0 428,789 D  
Common Stock 06/13/2013   G 976 D $ 0 427,813 D  
Common Stock 09/11/2013   G 6,243 D $ 0 421,570 D  
Common Stock 11/26/2013   G 6,757 D $ 0 414,813 D  
Common Stock 12/31/2013   G 550 D $ 0 414,263 D  
Common Stock             19,469 I 401(k)
Common Stock 06/13/2013   G 976 D $ 0 51,066 I by wife (1)
Common Stock 12/31/2013   G 550 D $ 0 50,516 I by wife (1)
Common Stock             72,140 I The John C. Lechleiter Spouse and Descendants Trust dtd 11/1/12 (2)
Common Stock             22,589 I by family limited partnership (3)
Common Stock 12/31/2013   G 275 A $ 0 275 I J&S Lechleiter Grandchild Trust FBO Lannan Jeanne Lechleiter (4)
Common Stock 12/31/2013   G 275 A $ 0 550 I J&S Lechleiter Grandchild Trust FBO Lannan Jeanne Lechleiter (4)
Common Stock 12/31/2013   G 275 A $ 0 275 I J&S Lechleiter Grandchild Trust FBO John Richard Lechleiter (4)
Common Stock 12/31/2013   G 275 A $ 0 550 I J&S Lechleiter Grandchild Trust FBO John Richard Lechleiter (4)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
LECHLEITER JOHN C
LILLY CORPORATE CENTER
INDIANAPOLIS, IN 46285
  X     Chairman, President and CEO  

Signatures

John C. Lechleiter 01/31/2014
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Reporting person disclaims beneficial ownership of these shares.
(2) Irrevocable trust for the benefit of reporting person's spouse and children. Spouse is trustee. Reporting person disclaims beneficial ownership of these shares.
(3) Family limited partnership of which reporting person and his wife are the general partners. Reporting person disclaim beneficial ownership of shares held by family limited partnership except to the extent of his pecuniary interest therein.
(4) Irrevocable trust for the benefit of reporting person's grandchild. Reporting person disclaims beneficial ownership of these shares.

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