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: 2012-01-19

Reporting Person: STUCKERT JAMES W (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-19	Common Stock	M	5000	$19.77	Acquired	1593585	Direct
2012-01-19	Common Stock	M	5000	$18.75	Acquired	1598585	Direct
2012-01-19	Common Stock	M	2500	$17.38	Acquired	1601085	Direct
2012-01-19	Common Stock	M	2500	$23.61	Acquired	1603585	Direct
2012-01-19	Common Stock	M	2500	$29.2	Acquired	1606085	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-19	Stock Option (Right to buy - NSO)	$19.77	M	5000	Disposed	2012-11-12	Common Stock (5000)	Direct
2012-01-19	Stock Option (Right to buy - NSO)	$18.75	M	5000	Disposed	2013-11-11	Common Stock (5000)	Direct
2012-01-19	Stock Option (Right to buy - NSO)	$17.38	M	2500	Disposed	2014-11-10	Common Stock (2500)	Direct
2012-01-19	Stock Option (Right to buy - NSO)	$23.61	M	2500	Disposed	2015-11-09	Common Stock (2500)	Direct
2012-01-19	Stock Option (Right to buy - NSO)	$29.2	M	2500	Disposed	2016-11-08	Common Stock (2500)	Direct

Security	Shares	Ownership
Common Stock	168835	Indirect

F1: Includes 1,000 shares of restricted stock that have not yet vested.

F2: Mrs. Stuckert is no longer the Custodian nor holds voting or dispositive rights for the Daniel Robert Crush Trust.

F3: 50% vested immediately; the remaining 50% vested one year from the date of grant or November 12, 2003.

F4: 50% vested immediately; the remaining 50% vested one year from the date of grant or November 13, 2004.

F5: 50% vested immediately; the remaining 50% vested one year from the date of grant or November 10, 2005.

F6: 50% vested immediately; the remaining 50% vested one year from the date of grant or November 9, 2006.

F7: 50% vested immediately; the remaining 50% vested one year from the date of grant or November 8, 2007.