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: GROSS KAREN (VP and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-18	Common Stock	A	4000	—	Acquired	103018	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	7114	Acquired	2019-11-18	Common Stock (7114)	Direct
2009-11-18	Performance Shares	$0	A	4000	Acquired	2014-11-18	Common Stock (4000)	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: Includes 36,500 shares of restricted stock that have not yet vested.

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