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ROYAL GOLD INC Director's Dealing 2004

Nov 12, 2004

30473_dirs_2004-11-12_d412a62a-282d-4f68-b028-2f87ddb7321e.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2004-11-10

Reporting Person: WENGER STEFAN (Treasurer & Chief Acct Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2004-11-10 Common stock A 6250 Acquired 6250 Direct
2004-11-10 Common stock A 6250 Acquired 12500 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2004-11-10 Employee stock option - right to buy ISO $17.38 M 3900 Acquired 2014-11-10 Common stock (3900) Direct
2004-11-10 Employee stock options - right to buy NSO $17.38 M 8600 Acquired 2014-11-10 Common stock (8600) Direct

Footnotes

F1: Grant of restricted stock

F2: Performance awards

F3: One-third vesting annually over three years.

F4: One-third vesting annually over three years