ROYAL GOLD INC — Director's Dealing 2007

Aug 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2007-08-23

Reporting Person: JENSEN TONY A (Director, Preident & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-23	Common stock	M	3750	—	Acquired	85350	Direct
2007-08-24	Common stock	S	50	$27.64	Disposed	85300	Direct
2007-08-24	Common stock	S	300	$27.65	Disposed	85000	Direct
2007-08-24	Common stock	S	100	$27.66	Disposed	84900	Direct
2007-08-24	Common stock	S	300	$27.67	Disposed	84600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-23	Performance shares	$0	M	3750	Disposed	2011-11-07	Common stock (3750)	Direct

Footnotes

F1: The number of shares beneficially owned reflect 47,500 shares of restricted stock which have not yet vested.

F2: Vesting of a performance award which represents a contigent right to receive shares of common stock upon achievement of certain performance goals.