ROYAL GOLD INC — Director's Dealing 2012

Mar 21, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2012-03-19

Reporting Person: GROSS KAREN (VP and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-19	Common Stock	M	3000	$30.96	Acquired	96209	Direct
2012-03-19	Common Stock	M	1886	$53	Acquired	98095	Direct
2012-03-19	Common Stock	M	2000	$49.66	Acquired	100095	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-19	Stock Option (ISO right to buy)	$30.96	M	3000	Disposed	2018-11-05	Common Stock (3000)	Direct
2012-03-19	Stock Option (ISO right to buy)	$53	M	1886	Disposed	2019-11-18	Common Stock (1886)	Direct
2012-03-19	Stock Option (ISO right to buy)	$49.66	M	2000	Disposed	2020-11-17	Common Stock (2000)	Direct

Footnotes

F1: Includes 22,001 shares of restricted stock that have not yet vested.