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: JENSEN TONY A (CEO and President)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-16	Common Stock	M	7995	—	Acquired	199656	Direct
2016-08-16	Common Stock	F	3697	—	Disposed	195959	Direct
2016-08-16	Common Stock	A	7590	—	Acquired	203549	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-16	Performance Shares	$0	F	7995	Disposed	2020-08-20	Common Stock (7995)	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	20260	Acquired	2026-08-16	Common Stock (20260)	Direct
2016-08-16	Performance Shares	$0	A	7890	Acquired	2019-08-16	Common Stock (7890)	Direct
2016-08-16	Performance Shares	$0	A	7890	Acquired	2021-08-16	Common Stock (7890)	Direct

F1: Includes 35,526 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 43,116 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.