ROYAL GOLD INC — Director's Dealing 2012

Jan 13, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2012-01-10

Reporting Person: DEMPSEY STANLEY (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-10	Common Stock	S	5000	$71.89	Disposed	107488	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2293	Indirect
Common Stock	4100	Indirect

Footnotes

F1: Sale made pursuant to a 10b5-1 trading plan.

F2: The range of the weighted average sale price is: 4,800 shares were sold between $71,24 and $72.24, and 200 shares were sold between $72.29 and $72.30.

F3: Includes 1,000 shares of restricted stock that have not yet vested.