ROYAL GOLD INC — Director's Dealing 2011

Feb 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2011-02-15

Reporting Person: Heissenbuttel William Holmes (VP of Corporate Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-15	Common Stock	M	1875	—	Acquired	52008	Direct
2011-02-16	Common Stock	F	737	$48.92	Disposed	51271	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-15	Common Stock	$0	M	1875	Disposed	2012-11-07	Common Stock (1875)	Direct

Footnotes

F1: Includes 36,833 shares of restricted stock that have not yet vested.

F2: The range of the weighted average sale price is $48.51 to $49.10.