ROYAL GOLD INC - Director's Dealing 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2012-08-13

Reporting Person: JENSEN TONY A (Director, President and CEO)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-08-13	Stock Option (ISO right to buy)	$75.32	A	1300	Acquired	2022-08-13	Common Stock (1300)	Direct
2012-08-13	Stock Appreciation Right	$75.32	A	20700	Acquired	2022-08-13	Common Stock (20700)	Direct
2012-08-13	Performance Shares	$0	A	22000	Acquired	2017-08-13	Common Stock (22000)	Direct

Security	Shares	Ownership
Common Stock	183138	Direct

F1: Includes 42,999 shares of restricted stock that have not yet vested.

F2: One-third vests annually over three years beginning on August 13, 2013.

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