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ROYAL GOLD INC Director's Dealing 2007

May 23, 2007

30473_dirs_2007-05-22_1d982f4f-341e-49ca-99f0-fe2b2546097c.zip

Director's Dealing

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SEC Form 4/A — Form 4/A

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2007-05-14

Reporting Person: MARCUS MERRITT E (Director)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-05-14 Common stock M 5000 $5.625 Acquired 219338 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-05-14 Stock option (right to buy) $5.625 M 5000 Disposed 2007-12-02 Common stock (5000) Direct

Footnotes

F1: This was previously inputed as $5,625.

F2: Shares are held in a trust in which Mr. Marcus is the trustee.

F3: Originally noted as acquired.

F4: 50% vested immediately; the remaining 50% vested on December 2,1998.