ROYAL GOLD INC - Director's Dealing 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ROYAL GOLD INC (RGLD)
CIK: 0000085535
Period of Report: 2016-08-16

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-16	Common Stock	M	2724	—	Acquired	58152	Direct
2016-08-16	Common Stock	F	1238	—	Disposed	56914	Direct
2016-08-16	Common Stock	A	2590	—	Acquired	59504	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-16	Performance Shares	$0	M	2724	Disposed	2020-08-20	Common Stock (2724)	Direct
2016-08-16	Stock Option (ISO-Right to Buy)	$83.29	A	1200	Acquired	2026-08-16	Common Stock (1200)	Direct
2016-08-16	Stock Appreciation Rights	$83.29	A	6110	Acquired	2026-08-16	Common Stock (6110)	Direct
2016-08-16	Performance Shares	$0	A	5380	Acquired	2019-08-16	Common Stock (5380)	Direct
2016-08-16	Performance Shares	$0	A	5380	Acquired	2021-08-16	Common Stock (5380)	Direct

F1: Includes 19,570 shares of restricted stock that have not vested.

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

F3: Grant of restricted stock with a 2-year hold and then vesting as to one-third in years 3, 4 and 5.

F4: Includes 22,160 shares of restricted stock that have not vested.

F5: A performance award represents a contingent right to receive shares of common stock upon achievement of certain performance goals.

F6: One-third vests annually over 3 years beginning on August 16, 2017.