Message-ID: <9266127.1075840211807.JavaMail.evans@thyme> Date: Mon, 2 Oct 2000 09:24:00 -0700 (PDT) From: brown_mary_jo@lilly.com To: alfred.gilman@email.swmed.edu, george.fisher@kodak.com, jterzuoli@ibjwhitehall.com, karen.n.horn@marsh.com, kenneth.lay@enron.com, kseifert@kcc.com, prendergast@mayo.edu, scb@purdue.edu, sherrie@layfam.com, win.bischoff@ssmb.com Subject: Transactions in Lilly Stock Cc: brown_mary_jo@lilly.com, decoudreaux_alecia_a@lilly.com, lootens_james_b@lilly.com, mary.ann.giglio@kodak.com Mime-Version: 1.0 Content-Type: text/plain; charset=us-ascii Content-Transfer-Encoding: 7bit Bcc: brown_mary_jo@lilly.com, decoudreaux_alecia_a@lilly.com, lootens_james_b@lilly.com, mary.ann.giglio@kodak.com X-From: BROWN_MARY_JO@LILLY.COM X-To: alfred.gilman@email.swmed.edu, george.fisher@kodak.com, jterzuoli@ibjwhitehall.com, karen.n.horn@marsh.com, kenneth.lay@enron.com, kseifert@kcc.com, prendergast@mayo.edu, scb@purdue.edu, sherrie@layfam.com, win.bischoff@ssmb.com X-cc: BROWN_MARY_JO@LILLY.COM, DECOUDREAUX_ALECIA_A@LILLY.COM, LOOTENS_JAMES_B@LILLY.COM, mary.ann.giglio@kodak.com X-bcc: X-Folder: \Kenneth_Lay_Dec2000\Notes Folders\All documents X-Origin: LAY-K X-FileName: klay.nsf This is a reminder of your ongoing obligation to report to the Securities and Exchange Commission ("SEC") transactions in Lilly stock. In light of the complexity of the reporting rules and the potential for severe penalties for noncompliance, please contact me in advance of any transaction. As a reminder, the SEC rules cover all transactions, including: - purchases - sales - gifts - trust or partnership transactions - transactions in the Dividend Reinvestment Plan - exchange fund transactions We request advance notification of Lilly stock transactions for two reasons: There are certain times when you should not engage in market transactions in Lilly stock. Routinely, these "black-outs" occur around the end of each quarter through the time quarterly/annual earnings are announced. In addition, occasionally, we are aware of "inside information" that may be considered material and we therefore advise our reporting persons to avoid open market transactions in Lilly stock. While you may not know of the event, the knowledge may be imputed to you. Advance communication allows you to avoid situations that may have legal consequences, or if not, at least may cause embarassment. 2. We prepare for you the required reports of the transaction to the SEC. If you had any Lilly stock transactions in September, please advise me as soon as possible. We will prepare the required reports for your signature and file them with the SEC and the New York Stock Exchange ("NYSE"). The reports must be received by the SEC and the NYSE no later than the 10th day of the month following the month in which the transaction occurs. If I am not available, please contact Jim Lootens (317-276-5835) regarding any proposed transaction. If you have any questions regarding these matters, please do not hesitate to call me. Thank you for your cooperation. Alecia A. DeCoudreaux