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: JENSEN TONY A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-12-23	Common Stock	M	3750	—	Acquired	133360	Direct
2009-12-24	Common Stock	F	1515	$48.89	Disposed	131845	Direct
2009-12-24	Common Stock	F	1687	$48.89	Disposed	130158	Direct
2009-12-24	Common Stock	F	2029	$48.89	Disposed	128129	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-12-23	Performance Shares	$0	M	3750	Disposed	2012-11-07	Common Stock (3750)	Direct

Footnotes

F1: Includes 86,333 shares of restricted stock that have not yet vested.

F2: Includes 82,166 shares of restricted stock that have not yet vested.

F3: Includes 77,166 shares of restricted stock that have not yet vested.