ROYAL GOLD INC — Director's Dealing 2012

Feb 25, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2012-02-22

Reporting Person: WENGER STEFAN (CFO and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-22	Common Stock	M	1150	—	Acquired	87004	Direct
2012-02-23	Common Stock	F	489	$71.59	Disposed	86515	Direct
2012-02-23	Common Stock	S	661	$71.59	Disposed	85854	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-22	Performance Shares	$0	M	1150	Disposed	2016-08-18	Common Stock (1150)	Direct

Footnotes

F1: Includes 38,501 shares of restricted stock that have not yet vested.

F2: The range of the weighted average sale price is $71.56 to $71.66.