ROYAL GOLD INC — Director's Dealing 2009

Nov 20, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2009-11-18

Reporting Person: Zisch William M (VP Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-18	Common Stock	A	7500	—	Acquired	7500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-18	Stock Option (ISO right to buy)	$53	A	1886	Acquired	2019-11-18	Common Stock (1886)	Direct
2009-11-18	Stock Appreciation Right	$53	A	5114	Acquired	2019-11-18	Common Stock (5114)	Direct
2009-11-18	Performance Shares	$0	A	5000	Acquired	2014-11-18	Common Stock (5000)	Direct

Footnotes

F1: Grant of restricted stock with a three year hold and then vesting as to one-third in years 4, 5 and 6.

F2: One-third vests annually over three years beginning on November 18, 2010.

F3: A performance award represents a contingent right to receive shares of common stock upon achievement of certain performance goals.

F4: Represents 7,500 shares of restricted stock that have not yet vested.