ROYAL GOLD INC — Director's Dealing 2016

Nov 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2016-11-15

Reporting Person: Kirchhoff Bruce Christopher (VP, GC and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-15	Common Stock	M	1350	—	Acquired	59490	Direct
2016-11-15	Common Stock	F	592	$69.26	Disposed	58898	Direct
2016-11-17	Common Stock	F	894	$68.16	Disposed	58004	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-11-15	Performance Shares	$0	M	1350	Disposed	2016-08-26	Common Stock (1350)	Direct

Footnotes

F1: Includes 19,094 shares of restricted stock that have not vested.

F2: Represents shares withheld to satisfy taxes; no shares were sold.

F3: Includes 18,200 shares of restricted stock that have not vested.

F4: A performance award represents a contingent right to receive shares of common stock upon achievement of certain performance goals.