ROYAL GOLD INC — Director's Dealing 2009

Dec 29, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2009-12-23

Reporting Person: WENGER STEFAN (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-23	Common Stock	M	1875	—	Acquired	68017	Direct
2009-12-24	Common Stock	F	1683	$48.89	Disposed	66334	Direct
2009-12-24	Common Stock	S	3333	$48.89	Disposed	63001	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-23	Performance Shares	$0	M	1875	Disposed	2012-11-07	Common Stock (1875)	Direct

Footnotes

F1: Includes 51,667 shares of restricted stock that have not yet vested.

F2: Includes 49,584 shares of restricted stock that have not yet vested.

F3: Includes 46,251 shares of restricted stock that have not yet vested.